Investment objectives will not necessarily be achieved and investors are not certain to make profits; losses may be made. Past performance should not be taken as a guide to the future.
If any currency differs from the investor's home currency, returns may increase or decrease as a result of currency fluctuations.
Specific Risks - All Strategies
Currency exchange: Changes in the relative values of different currencies may adversely affect the value of investments and any related income.
Developing market: Some countries may have less developed legal, political, economic and/or other systems. These markets carry a higher risk of financial loss than those in countries generally regarded as being more developed.
Specific Risks – Diversified Growth and Global Core only
Default: There is a risk that the issuers of fixed income investments (e.g. bonds) may not be able to meet interest payments nor repay the money they have borrowed. The worse the credit quality of the issuer, the greater the risk of default and therefore investment loss.
Derivative counterparty: A counterparty to a derivative transaction may fail to meet its obligations thereby leading to financial loss.
Derivatives: The use of derivatives may increase overall risk by magnifying the effect of both gains and losses. This may lead to large changes in value and potentially large financial loss.
Interest rate: The value of fixed income investments (e.g. bonds) tends to decrease when interest rates and/or inflation rises.
Multi-asset investment: The portfolio is subject to possible financial losses in multiple markets and may underperform more focused portfolios
Bond and Multi-asset strategies may invest more than 35% of their assets in securities issued or guaranteed by an EEA state.
Specific risks - Emerging Market Equity only
Equity investment: The value of equities (e.g. shares) and equity-related investments may vary according to company profits and future prospects as well as more general market factors. In the event of a company default (e.g. bankruptcy), the owners of their equity rank last in terms of any financial payment from that company.
Investing in China: Investment in mainland China may involve a higher risk of financial loss when compared with countries generally regarded as being more developed.