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The information available on this website does not constitute an offer of, or an invitation to apply for or purchase, any securities. Nothing in this website constitutes any investment, legal, tax and other advice and it is not to be relied upon in making any investment decision.

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Regulatory Risk Warning

The value of investments and the income from them may go down as well as up and is not guaranteed, so an investor may not get back the amount originally invested. Past performance of an investment is not a guide to future performance. Changes in exchange rates may have an adverse effect on the value, price or income of investments. Investment trusts have the ability to borrow money, known as "gearing" which can improve returns of an investment in rising markets but can reduce returns in falling markets. Shares in investment trusts can fluctuate in accordance with demand and supply and may not reflect the underlying net asset value of the shares. The spread between a purchase and a sale price can vary widely. If the investment trusts hold securities denominated in a currency other than sterling, movements in exchange rates may affect the value of your investment.

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