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© Merchant Securities Group Ltd. 2008

General Risks

The value of shares and units in collective investment schemes, and hence the value of your investment may go down as well as up and therefore upon selling you may receive back less than the full amount invested. The value of units in collective investment schemes that use derivatives such as options and futures, may under certain circumstances be more volatile than the full amount invested. In extreme circumstances you may receive nothing back. Changes in rates of exchange may have an adverse effect on the value or price of investments in sterling terms. All investments may fluctuate in value. Past performance is no guarantee of the future performance of investments. You should carefully consider in the light of your financial resources whether investing in shares or collective investment schemes is suitable for you.

Disclaimers

The information on this website is not an offer to buy or sell any security. The information on this website does not provide individually tailored investment advice. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it. The appropriateness of a particular investment will depend on an investor's individual circumstances and objectives. The investments referred to in this document may not be suitable for all investors. Merchant Securities Group Ltd., its officers and employees may have positions in the securities mentioned herein. This document has been approved for the purposes of section 21(2) of the UK Financial and Markets Act 2000 by Merchant Securities Group Ltd. of John Stow House, 18 Bevis Marks, London EC3A 7JB. Merchant Securities Group Ltd (Merchant Securities) is the FSA regulated operating subsidiary of Merchant Securities plc. Merchant Securities Group Limited | Authorised and Regulated by The Financial Services Authority Registered in England | Company No. 2146985