• The funds invest in various investments, such as but not limited to equities, bonds, money market instruments and collective investment schemes, each fund with a different investment objective and risk profile.
• The funds with exposure to emerging markets and smaller companies are subject to higher risks and volatility.
• The funds which invest primarily in a single market are subject to higher concentration risk.
• Certain funds may invest more extensively in futures, options, swaps, forward currency contracts and other financial derivative instruments which may involve embedded leverage.
• The funds' investments may involve substantial market, currency, volatility, liquidity, credit/counterparty, downgrading, regulatory and political risks. If the issuers default, or the relevant securities or their underlying assets cannot be realised, or perform badly, investors may suffer substantial, or in certain cases, total loss of their investments.
• Investors should not invest in the Fund solely based on the information provided in this webpage and should read the offering document of the Fund for further details including the risk factors.

In the second half of 2011, markets turned volatile as the European debt crisis escalated, and concerns over the US fiscal deficit were revived.

While uncertainties continue to exist, our investment experts believe that 2012 could be full of opportunities for investors willing to look beyond the short term fog.

Philip Poole, Global Head of Macro and Investment Strategy, and Bill Maldonado, Chief Investment Officer, Asia Pacific, explain why investors should be mindful of the risks yet stay focused on emerging markets.

Philip Poole Global Head of Macro and Investment Strategy

Bill Maldonado Chief Investment Officer, Asia-Pacific