1 ESMA: ESMA finds continued high risks as financial markets remain highly volatile. February 19, 2020.
2 The Guardian: Will coronavirus trigger a global recession. February 26, 2020.
3 WSJ: Fed’s wait-and-see posture tested by spread of coronavirus. February 25, 2020.
All investments involve risk, including the possible loss of principal. Certain investments involve greater or unique risks that should be considered along with the objectives, fees, and expenses before investing.
Currencies are can decline in value relative to a local currency, or, in the case of hedged positions, the local currency will decline relative to the currency being hedged. These risks may increase fund volatility.
Investing in foreign denominated and/or domiciled securities involves special risks, including changes in currency exchange rates, political, economic, and social instability, limited company information, differing auditing and legal standards, and less market liquidity. These risks generally are greater with emerging market countries.
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