This offer is not available to citizens of the United States of America and/or persons living or working in the United States of America. This offer is also not available to persons currently present in or acting on behalf of persons currently present in Australia, Canada, Hong Kong, Malaysia, New Zealand and/or the USA.

This document is for information and convenient reference, and does not constitute an offer or solicitation for, or advice that you should enter into, the purchase or sale of any security or other investment product or investment agreement, or any other contract agreement or structure whatsoever. Prospective investors are solely responsible for making their own independent appraisal of and investigations into the products, investments and transactions referred to in this document and should not rely on any information in this document as constituting investment advice.

Investment in the Fund entails a high degree of risk and is suitable only for sophisticated investors who fully understand and are capable of bearing the risks of such an investment, including the risk of total loss of capital.

Past performance is not a reliable indicator of future performance. The Investment Fund does not guarantee realisation of the expected investment goal, or achieving a definite, pre-determined investment result. A person purchasing an investment fund must understand that there is a risk of losing at least a portion of their initial investment. Investors should pay particular attention to risks connected with emerging markets. Economic situation in these countries has had and may have a negative impact on running businesses in these countries. Detailed description of risk factors which may affect your investment can be found in the investment fund prospect available on the website. Net assets value of the fund can fluctuate in value, and value and income may fall against an investor’s interests depending on the particular assets of the fund’s investment portfolio or portfolio management methods used by the fund. An investment in Investment Funds should be treated as a middle to long-term investment (at least five years). In a short period, transaction costs may influence your investment return.

When investing in a foreign currency, you need to understand, there is also an additional currency risk. The value of your investment will depend on not only the investment fund results, but also on the currency exchange rates. Similar situation occurs when an Investment Fund invests in assets valued in a currency other than the base currency of the Investment Fund.

The commission and fee schedule is available in the Premier branches of HSBC Bank Polska S.A. Capital gains relating to investments funds are taxed. The levels and bases for taxation can change. HSBC Bank Polska S.A. does not provide tax advice, any information relating to taxation received from HSBC Bank Polska S.A. cannot be treated as tax advice. Prospective investors should consult their tax, legal, accounting or other advisers.

According to the current law, the fund and the transfer agents do not calculate nor charge the capital gain tax. Each investor is obliged to pay the tax individually, according to the tax law of his country of residence. If you need detailed tax advice, we suggest you should contact the tax or law advisor.