The following information is very important. You should read this information if you are unclear at any time as to the purposes of this site and who is responsible for its maintenance.
The site contains information only relevant to UK investors and financial advisers. This is designed to inform and protect you. There are certain legal and regulatory limitations that apply to the information contained on this web site and by proceeding you are deemed to have read and understood this warning.
The information in this section is intended for persons who are United Kingdom residents for tax and investment purposes or those who advise such persons. In particular the information is not for distribution and under no circumstances is to be considered as an offer or solicitation to deal in investments in any jurisdiction in which such offer, solicitation or distribution would be unlawful, including, but not limited to, the United States of America.
Investment in any of the products described should only be made on the basis of the applicable offer document (eg Scheme Particulars, Prospectus or other Terms and Conditions). Nothing in the Aberdeen web site constitutes investment legal tax or other advice nor is it to be relied upon in making an investment decision.
The information is not to be reproduced, copied or made available to others. Any research or analysis used in the preparation of this web site has been procured by Aberdeen Asset Management PLC and its subsidiary companies ('The Company') for its own use and it may have been acted on by the Company for its own purposes.
It is believed that the information is accurate at the date of publication and no warranty is given. It may be changed without prior notice.
Any tax reliefs mentioned are those currently available and are subject to change. Their value depends on the personal circumstances of the investor. Information relating to investment trust savings schemes, investment trust ISAs is approved by Aberdeen Asset Managers Limited, authorised and regulated by the Financial Conduct Authority in the United Kingdom.
Risk factors you should consider prior to investing:
- The market value of investments and the income from them can go down as well as up. Shares may be subject to sudden and large falls in value and you may get back less than the amount invested.
- Past performance is not a guide to the future.
- If a fund is a specialist country-specific or geographical region fund, the investment carries greater risk than a fund diversified across more countries.
- Investment trusts are specialised investments and may not be appropriate for all investors.
- Emerging markets tend to be more volatile and illiquid than more mature markets and therefore your investment is at greater risk. Political risks and adverse economic circumstances are more likely to arise putting the value of your investment at risk.
- Trusts investing overseas can be affected by changes in exchange rates which may cause the value of your investment to decrease or increase.
- Investment trusts can borrow money in order to finance other investments. This is known as 'gearing', an investment strategy intended to enhance investment returns. However, the use of gearing can result in share prices being more volatile and subject to sudden or large falls in value.
- If a fund invests in smaller companies, at times the fund may experience difficulties in realising some of the underlying holdings due to the specialist nature of those investments.
- Specialist funds which invest in small markets or sectors of industry are likely to be more volatile than more diversified trusts.
- Certain trusts treat the generation of income as a higher priority than capital growth; such trusts may deduct part or all of their management charge from your capital. This will increase the amount of income available but at the expense of capital growth.
- Certain trusts may seek to invest in higher yielding securities such as bonds, which are subject to credit risk, market price risk and interest rate risk. Unlike income from a single bond, the level of income from an investment trust is not fixed and may fluctuate.
- The market price of investment trust shares does not usually reflect their underlying net asset value (NAV).
- As with all stock exchange investments the value of investment trust shares purchases will immediately fall by the difference between the buying and selling prices, the bid-offer spread.
- The value of tax benefits depends on individual circumstances and the favourable tax tax treatment for ISAs may not be maintained. If you are a basic rate taxpayer and you do not anticipate any liability of Capital Gains Tax, you should consider if the advantages of an ISA investment justify the additional management cost/charges incurred.
- Inflation will occur over the duration of your investment and if the returns on your investment are lower than the rate of inflation this will reduce what you could buy in the future.
- Concentrated portfolios invest in a relatively small number of investments and this can make them more volatile than funds that hold a larger number of investments.
- The potential volatility of investments in unquoted securities may increase the risk to the value of the investment.
Other important information
Issued by Aberdeen Asset Managers Limited which is authorised and regulated by the Financial Conduct Authority in the United Kingdom. Registered Office: 10 Queen’s Terrace, Aberdeen AB10 1YG. Registered in Scotland No. 108419.
Other than where indicated, the trusts are managed by Aberdeen Asset Managers Limited, which is authorised and regulated by the Financial Conduct Authority in the United Kingdom under Financial Conduct Authority registration number 121891. Aberdeen Asset Managers Limited is a member of the Aberdeen Asset Management PLC group of companies.
An investment trust should be considered only as part of a balanced portfolio of investments. Under no circumstances should this information be considered as an offer or solicitation to deal in investments.