Particular risks associated with Russia and countries of the former Soviet Union, such as underdeveloped banking system, more volatile performance of investments, possible illiquid investments, less efficient government supervision
Investments in foreign currencies are subject to currency fluctuations
Investment universe may involve investments in countries where the local stock exchanges may not yet qualify as recognised stock exchanges
Investment universe may involve investments in countries where the local capital markets may not yet qualify as recognised capital market
Interest rates may vary, bonds suffer price declines on rising interest rates
Price fluctuations of investments due to market, industry and issuer linked changes are possible
Derivatives entail risks relating to liquidity, leverage and credit fluctuations, illiquidity and volatility
It cannot be guaranteed that the investor will recover the capital invested
Success of single security analysis and active management cannot be guaranteed
RISKS
Subject to change, without notice, only the current prospectus or comparable document of the fund is legally binding.