ADBF may not be suitable for all investors. Investment into the Fund involves risks and should be made only after consulting with independent, qualified sources of investment, legal, tax, accounting and other advice. Any past performance figures published on this website are not to be taken as a guide to future returns. As is true of any investment in collective investment schemes, investment in the securities herein is not guaranteed. The value of the investment and the income therefrom may go up as well as down and the investor may not get back his initial capital. In certain circumstances an investor’s right to redeem his investment may be suspended.
The main risks factors to be considered when investing into the Fund are summarised below. Please refer to the Prospectus for further details.
The performance of the Fund will be dependent on the performance of the underlying bonds and the movements in the exchange rates between the local currencies and the USD. The value of the Fund will fluctuate as a result of changes in market prices.
Interest rate risk
The Fund is invested in bonds, the values of which usually rise and fall in response to changes in interest rates.
Investments will be made in bonds denominated in currencies other than the base currency of the Fund, which will thus be subject to the risk that those currencies will decline in value relative to the U.S. dollar, or, in the case of hedging positions, that the U.S. dollar will decline in value relative to the currency being hedged.
Emerging markets risk
Investment in emerging markets, such as the markets being part of the investment universe of the Fund, may subject the Fund to higher risk of loss than investment in developed markets. This is due to, among other things, greater market volatility; high levels of inflation, deflation or currency devaluation; restrictions on purchases of securities by foreign investors; the imposition of currency or capital controls or the expropriation or nationalisation of assets; political, social and economic instability; uncertainty and unexpected variations in the application of tax rules.
ADBF Daily NAV
Price as at: 27 May 2019