The material on this site is for information purposes only and the services, securities, investments and funds described may not be available to or suitable for you. Not all strategies are appropriate at all times. The opinions expressed on this site do not constitute investment advice and you should consult your investment advisor before you make any investment decision.

The value and income of any of the securities or investments and the price of shares and the income derived from them, which are mentioned on this site, may fall as well as rise. Investors may not receive the original amount invested in return. Statements concerning taxation are based on our understanding of the taxation law in force at the time of publication. The levels and bases of taxation may change. You should obtain professional advice on taxation where appropriate before proceeding with any investment. Investors should also be aware that past performance is not necessarily a guide to future performance. Funds which invest in overseas securities are exposed to movements in exchange rates. These may cause the sterling value of units to go up or down. Investments in higher yielding bonds issued by borrowers with lower credit ratings may result in a greater risk of default and have a negative impact on income and capital value. Income payments may constitute a return of capital in whole or in part. Income may be achieved by foregoing future capital growth. You should be aware of the additional risks associated with investment in emerging and developing markets. Unregulated collective investment schemes operated in offshore centres are unlikely to offer a level of investor protection equivalent to the UK. Such schemes may deal infrequently and may limit redemption.