Risk disclosure
Last updated:
All investments carry risk. Before making any investment decision, you should understand the risks involved and consider whether the investment is suitable for your circumstances.
General investment risk
- The value of investments and any income from them can fall as well as rise. You may get back less than you invest.
- Past performance is not a reliable indicator of future results.
- Projections and scenarios are illustrations based on assumptions. They are not guarantees.
Specific risks
- Market risk: prices can move because of economic, political or market events.
- Currency risk: changes in exchange rates can affect the value of investments held in other currencies.
- Liquidity risk: some investments cannot be sold quickly or without a loss of value.
- Concentration risk: holding a large share of wealth in one asset, sector, market or company increases the effect of a single adverse event.
- Credit risk: issuers of bonds and other debt may fail to make payments.
- Inflation risk: returns may not keep pace with rising prices, reducing purchasing power.
- Interest rate risk: changes in interest rates can affect the value of investments, particularly bonds.
Complex and alternative investments
Private markets, derivatives, structured products and similar investments may carry additional risks, including limited liquidity, leverage and limited transparency, and may be suitable only for certain investors.
Advice and suitability
Any recommendation we make is based on the information you provide. If that information is incomplete or your circumstances change, the recommendation may no longer be suitable.