Regulatory Information & Risk Factors

The information on this website is issued and approved by Martin Currie Investment Management Ltd ('MCIM'), the investment manager to Martin Currie Asia Unconstrained Trust ('the trust'). MCIM is authorised and regulated by the Financial Conduct Authority ('FCA').

MCIM is a wholly owned subsidiary of Martin Currie Limited. The information on this website does not in any way constitute investment, tax, legal or other advice. If you are in any doubt about any of the information on this website, please consult your financial or other professional adviser.

Please read the information below. It contains the legal and regulatory information that you need to be aware of before receiving any further information regarding this Trust, or the products offered by MCIM which give exposure to the trust, as referred to in this website.

Market and currency movements may cause the capital value of shares, and the income from them, to fall as well as rise and you may get back less than you invested. Past performance is not a guide to future returns.

The information contained within this website does not constitute an offer of, or an invitation to apply for, securities:

  • In any jurisdiction where such offer or invitation is unlawful or
  • In which the person making such offer is not qualified to do so or
  • To whom it is unlawful to make such an offer or solicitation.

The distribution of this information in written format is generally restricted to the UK. The information contained in this website has been compiled with considerable care to ensure its accuracy at the date of publication. But no representation or warranty, express or implied, is made to its accuracy or completeness. Any research or analysis contained in this website has been procured by MCIM for its own use. It is provided to you only incidentally, and any opinions expressed are subject to change without notice.

Non-Mainstream Pooled Investments

Please note that the shares of Martin Currie Asia Unconstrained Trust qualify as an ‘excluded security’ under the FCA non-mainstream pooled investments rules which means that the shares can be recommended by IFAs to ordinary Retail Investors.

Risk factors

Please note that, as the shares in investment trusts are traded on a stockmarket, the share price will fluctuate in accordance with supply and demand and may not reflect the underlying net asset value of the shares.

Depending on market conditions and market sentiment, the spread between purchase and sale price can be wide. As with all stock exchange investments the value of investment trust shares purchases will immediately fall by the difference between the buying and selling prices, the bid-offer spread.

The value of investments and the income from them may go down as well as up and is not guaranteed. An investor may not get back the amount originally invested.

Investment trusts may borrow money in order to make further investments. This is known as 'gearing' and can enhance shareholder returns in rising markets but, conversely, can reduce them in falling markets.

The majority of charges will be deducted from the capital of the trust. This will constrain capital growth of the trust in order to maintain the income streams.

High exposure to a single country carries a greater degree of risk than a portfolio which is diversified across a number of markets.

Investing in smaller companies may be riskier and their shares may be less liquid than larger companies, meaning that their share price may be more volatile.

The Company is exposed to and can hold currencies other than its base currency. As a result, exchange rate movements may cause the value of investments to decrease or increase.

The Company may have a concentrated portfolio of assets. Such concentration can give rise to more risk than where investments are spread over a large number of companies. Whilst this may increase the potential gains, this concentration of exposure and lack of diversification may also substantially increase the risk of loss to the Company.

Given the unconstrained nature of the strategy proposed and the investment philosophy of the Investment Manager, performance may vary considerably relative to the traditional market indices for the region in which the Company plans to invest.

Emerging markets tend to be more volatile than more established stockmarkets and therefore your money is at greater risk. Other risk factors such as political and economic conditions should also be considered. Restrictive dealing, custody and settlement practices may be prevalent. A counterparty may not pay or deliver on time or as expected. As a result, settlement may be delayed and the cash or securities could be disadvantaged. Securities of many companies in emerging markets are less liquid and their prices more volatile than securities of comparable companies in more sizeable markets.

About the trust

The trust has an independent Boards of Directors, is listed on the London Stock Exchange and adheres to the UK Listing Authority's rules. Please note that, as the shares in the trust are traded on a stockmarket, the share price will fluctuate in accordance with supply and demand and may not reflect the underlying net asset value of the shares. Depending on market conditions and market sentiment, the spread between the purchase and sale price can be wide. The trust may also borrow money in order to make further investments. This is known as 'gearing' and can enhance shareholder returns in rising markets but, conversely, can reduce them in falling markets.

Martin Currie Asia Unconstrained Trust is registered in Scotland (number SC092391) and has its registered office at Saltire Court, 20 Castle Terrace, Edinburgh EH1 2ES.

Martin Currie products

MCIM is the manager of Martin Currie products. This website and any other literature concerning these products are issued by MCIM alone and not as agent for the trust. MCIM is solely responsible for ensuring that these products meet the required regulatory standards. The trust or its directors will not be liable for any irregularity on MCIM's part in carrying out its responsibilities.

Anti-money laundering

MCIM must adhere to anti-money laundering legislation. This requires us to carry out identity verification checks. If we cannot verify you or your client's identity in accordance with the legislation, we reserve the right to refuse the investment. If the funds are invested prior to the identity checks being carried out, we will not release the proceeds until we receive adequate verification of you or your client's identity.

Telephone Calls

For your protection, all telephone calls are usually recorded.

Financial Conduct Authority

If you would like further information on the FCA, MCIM's regulator, you can access their website at www.fca.org.uk