The portfolio invests primarily in equity securities of companies in emerging markets.
Invest in emerging markets is subject to higher volatility and higher risks (e.g. liquidity risk, currency risk, political risk, regulatory risk, economic risk, legal and taxation risk, settlement risk and custody risk).
Investment in the portfolio may also involve general investment risk, equities securities risk, smaller capitalization companies risk, concentration risk, currency risk and management risk. The value of the portfolio can be volatile and can go down substantially within a short period of time. It is possible that the entire value of your investment in the portfolio can be lost.
The portfolio may use financial derivative instruments and efficient portfolio management techniques for hedging, risk management, efficient portfolio management and investment purposes which may involve counterparty / credit risk, liquidity risk, valuation risk, volatility risk and over-the-counter transaction risk. The leverage element / component of a financial derivative instrument can result in a loss significantly greater than the amount invested in the financial derivative instrument by the Portfolio. Exposure to financial derivative instrument may lead to a high risk of significant loss by the Portfolio.
Investors should not rely on this document alone to make investment decisions.

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