All equities fluctuate in value and prices can fall as well as rise; this may mean that investors do not get back the money they originally invested and in the case of investments in geared products may result in losses in excess of the sum originally  invested.  Losses may additionally arise from the adverse movement of exchange rates.  Should you have any doubts as to the suitability of such investments for you, you should consult your financial adviser.

This document is not and should not be construed as an offer or solicitation of an offer to purchase or sell any investment.