Verkaufsprospekt

No assurance can be given that the Sub-Fund's investment
objective will be achieved.
The Manager will employ a risk management process
which will enable it to accurately measure, monitor and
manage the risks attached to financial derivative positions
and details of this process have been provided to the Central
Bank. The Manager will not utilise FDI which have not
been included in the risk management process until such
time as a revised risk management process has been filed
with the Central Bank.
The Manager will, on request, provide supplementary
information to Unitholders relating to the risk management
methods employed, including the quantitative limits that
are applied and any recent developments in the risk and
yield characteristics of the main categories of investments.
It is not the current intention of the Sub-Fund to use FDI for
investment purposes. Should this intention change the
Prospectus and this Supplement shall be amended accordingly.
A list of the stock exchanges and markets in which the
Sub-Fund is permitted to invest, in accordance with the
requirements of the Central Bank, is contained in Appendix
I to the Prospectus and should be read in conjunction with,
and subject to, the Sub-Fund's investment objective and
investment policy, as detailed above. The Central Bank
does not issue a list of approved markets. With the exception
of permitted investments in unlisted securities, investment
will be restricted to those stock exchanges and markets
listed in Appendix I to the Prospectus.
The risk factors specific to the Sub-Fund are set out in
section 5 below and includes Emerging Markets Risk and
Volatility Risk. These risk factors may not be a complete
list of all risk factors associated with an investment in the
Sub-Fund.
5. Additional Risk Factors
The general risk factors set out in the "Risk Factors" section
of the Prospectus apply to the Sub-Fund. In addition,
the following risk factors apply to the Sub-Fund. These risk
factors may not be a complete list of all risk factors associated
with an investment in the Sub-Fund.
Emerging Markets Risk: Investment in the securities of
companies in 'emerging' or 'developing' countries, or investment
in certain securities markets in 'emerging' or
'developing' markets may involve a high degree of risk and
may be considered speculative. Risks include (i) greater
risk of expropriation, confiscatory taxation, nationalization,
and social, political and economic instability; (ii) the small
current size of the markets for securities of 'emerging' or
'developing' market issuers and the currently low or nonexistent
volume of trading, resulting in lack of liquidity and
in price volatility; (iii) certain national policies which may
restrict the Sub-Fund's investment opportunities including
restrictions on investing in issuers or industries deemed
sensitive to relevant national interests; (iv) the absence of
developed legal structures governing private or foreign
investment and private property; (v) the legal infrastructure
PineBridge Asia Equity Opportunities Fund
and accounting, auditing and reporting standards in
'emerging' or 'developing' markets may not provide the
same degree of shareholder protection or information to
investors as would generally apply internationally; (vi)
potentially a greater risk regarding the ownership and
custody of securities i.e. in certain countries, ownership is
evidenced by entries in the books of a company or its
registrar. In such instances, no certificates representing
ownership of companies will be held by the Trustee or any
of its local correspondents or in an effective central depository
system; and (vii) 'emerging' or 'developing' markets
may experience significant adverse economic developments,
including substantial depreciation in currency exchange
rates or unstable currency fluctuations, increased
interest rates, or reduced economic growth rates than
investments in securities of issuers based in developed
countries.
The economies of 'emerging' or 'developing’ markets in
which the Sub-Fund may invest may differ favourably or
unfavourably from the economies of industrialised countries.
The economies of 'emerging' or 'developing' countries
are generally heavily dependent on international trade
and have been and may continue to be adversely affected
by trade barriers, exchange controls, managed adjustments
in relative currency values and other protectionist
measures imposed or negotiated by the countries with
which they trade. Investments in 'emerging' or 'developing'
markets entail risks which include the possibility of political
or social instability, adverse changes in investment or
exchange control regulations, expropriation and withholding
of dividends at source. In addition, such securities may
trade with less frequency and volume than securities of
companies and governments of developed, stable nations
and there is also a possibility that redemption of Units
following a redemption request may be delayed due to the
illiquid nature of such investments.
Volatility Risk: All markets are subject to volatility based
on prevailing economic conditions. Securities in 'emerging'
or 'developing' markets may involve a higher degree of risk
due to the small current size of the markets for securities
of 'emerging' or 'developing' market issuers and the currently
low or non-existent volume of trading, which could
result in price volatility. Certain economic and political
events in 'emerging' or 'developing' economies, including
changes in foreign exchange policies and current account
positions, could also cause greater volatility in exchange
rates. As stated previously, some of the markets or exchanges
on which a Sub-Fund may invest may prove to be
highly volatile from time to time.
6. Application for Units
The following classes of Unit are currently, or may be,
offered:
Class A Units denominated in US Dollars
Class A1 Units denominated in Euro
Class A2 Units denominated in Sterling
Class A3 Units denominated in Japanese Yen
Class C Units denominated in US Dollars
Class C1 Units denominated in Euro
Class C2 Units denominated in Sterling
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