This website is provided for informational purposes and neither the information nor any opinion expressed herein constitutes an offer, or an invitation to make an offer, to buy or sell any investment funds, securities or any options, futures or other derivatives related to such securities.

Investment in Emerging Markets bears a high degree of risk, and is not suitable for all investors. This website is based upon information we believe to be reliable, however it is provided solely as an intellectual exercise, and no investment decisions whatsoever should be based upon it, in full or in part. In particular, investing in securities, including Emerging Market securities, involves a great deal of risk and investors should perform their own due diligence before investing.

Past performance is not necessarily a guide to future performance. Some investments may be subject to sudden and large falls in value and on realization customers may receive less than they invested or may be required to pay more.

Changes in foreign exchange rates, interest rates, or other financial parameters may have an adverse effect on the price, value or needs of customers. We would recommend that investors take financial advice as to the implications, including taxation, of investing in any financial product.

Some investments may not be readily realizable and valuing the investment and identifying the risk to which customers are exposed may be difficult to quantify.

It should be assumed that the authors and/or the funds they advise will from time to time have long or short positions in any of the assets discussed, or derivatives thereof. These positions may at times be contrary to the views expressed.

Like cats and horses, markets – whether emerging or emerged – are apt to do as they damned-well choose, and a considerable measure of luck is required to come out in one piece. Exercise caution in all things. Good Luck!

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