SA国际传谋

Since this Subfund may invest in debt instruments in the non-investment grade sector, the underlying debt instruments may present a greater risk in terms of downgrading or may exhibit a greater default risk than debt instruments of first-class issuers. Senior Instruments may be influenced by different factors, inter alia the economic development of issuers who are themselves affected by the development of the economic and political conditions in their respective countries. Investments in specific themes are more concentrated than investments in a more diversified investment pool. There is no guarantee to recover the initial investment. Sustainability risks may result in a negative impact on the returns of the Subfund.