Investing involves a risk of loss

The main risks

• Market risk: the value of stocks, bonds and funds can fall, sometimes for a long time.
• Liquidity risk: some assets may be resold late or at a discount.
• Currency risk: an asset denominated in a foreign currency also varies with the exchange rate.
• Provider risk: an operational or contractual failure can affect the relationship.
• Effect of fees: recurring fees reduce the compounded value, even in a rising market.

Past performance does not predict future performance. No return is guaranteed. This document is for information purposes and does not constitute personalized advice.