Legal & Regulatory

Risk Disclosure

Last updated · 01 September 2026

Investing involves risk. The information below summarises some of the risks associated with the services and strategies described on this website. It is not exhaustive.

Investment risk

The value of investments can fall as well as rise. Investors may not get back the amount originally invested. Investment returns may be affected by market conditions, currency movements, interest-rate changes, political events and a range of other factors.

Past performance

Past performance is not a reliable indicator of future results. Forecasts and projections are not guaranteed and are based on assumptions which may not be realised.

Currency risk

Investments denominated in currencies other than your base currency will be subject to currency movements, which may have a positive or negative impact on returns.

Liquidity risk

Some investments — including those in private markets, real assets and certain alternative strategies — are illiquid and may be difficult or impossible to sell at the desired time or price.

Credit and counterparty risk

Investments are subject to the creditworthiness of issuers and counterparties. The failure of any such party may result in a loss to the investor.