Allianz Global Investors Premier Funds - Fundsupermart.com

Investments in emerging markets and some Asian markets may be more volatile
than those in the developed countries. The prices of investments in these markets
may be influenced by economic and political conditions and interest rates. Some of
the investments which will be made in smaller markets may be less liquid and the
limited liquidity of these markets may therefore affect the Underlying Fund’s ability
to acquire or dispose of securities at the price and time it desires. There may also be
state regulations governing the outward remittance by foreign investors of their
share of net profits and dividends and the repatriation of their investments in a
foreign currency. Many of the emerging markets and some of the Asian markets may
not have well developed consolidated bodies of securities laws and regulatory
frameworks. Disclosure and regulatory standards in these countries may be less
stringent than those in developed markets. Accounting, auditing and financial
standards and requirements may not have been established in some respects or
may differ significantly from international standards and, as a result, information
on the company’s accounts may not be an accurate reflection of its financial
strength.
The investments of the Sub-Fund are subject to normal market fluctuations and
other risks inherent in investing in securities. There can be no guarantee against
loss, nor any assurance that the Sub-Fund’s investment objective will be attained.
The value of investments and the income from them and therefore the value of, and
income from, the Units of the Sub-Fund can fall as well as rise and investors may not
realise the same amount that they invest. Changes in exchange rates between
currencies may also cause the value of an investment to diminish or increase. In
addition to favourable and unfavourable currency rate developments, the Sub-Fund
is subject to the possible imposition of exchange control regulations or currency
blockages with respect to its investments.
While there are also the usual risks of investing in bonds and other fixed income
securities, bonds and other fixed income securities are subject to interest rate
fluctuations and credit risks, such as risk of default by issuers. Investors should note
that the Underlying Fund will have limited exposure to money market assets,
thereby increasing the risks of interest rate changes, general market risks,
company-specific risks, creditworthiness risks, counterparty risks and liquidity
risks to the Sub-Fund.
Investors should be aware that investments in single country, sectoral or regional
funds which may present greater opportunities and potential for capital
appreciation, may be subject to higher risks as they may be less diversified than a
global portfolio. It is recommended that an investment in the Sub-Fund should not
constitute a substantial proportion of an investor’s portfolio.
Investors should be aware that technology, communications and entertainment
industries may be subject to greater government regulation than many other
industries in certain countries; changes in government policies and the need for
regulatory approval may have a material adverse effect on these industries. The
companies which the Sub-Fund invests in may also be subject to risks of developing
technology and communications, competitive pressures and other factors and are
dependent upon consumer and business acceptance as new technologies evolve.
Trading in such securities may be subject to more abrupt price movements.
Investment in the Sub-Fund may only be suitable for investors who can accept the
associated volatility and are prepared to take a medium to longer term view of their
investment.
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