Melchior Asian Opportunities A Acc

Aim of the fund

The investment objective of the Melchior Asian Opportunities Fund is to achieve longer term capital growth, without undue risk, through diversified investment in equities and bonds that are issued by companies that have their registered office or carry out a predominant portion of their economic activity in Asia and which are expected to benefit from the economic growth of China and its neighbouring countries. Equally the Fund invests also in other collective investment schemes and cash. There may be times in light of adverse conditions when the manager will wish to hold positions in cash or near cash instruments.

Fund specific risks

• Charges to Capital (A) - Part, or all of the periodic annual management fee(s) and expenses may be charged to capital which could increase the potential for the capital value of your investment to be eroded. Your capital could also decrease if income withdrawals exceed the growth rate of the fund(s).
• Emerging Markets (B) - Generally less well regulated than the UK. There is an increased chance of political and economic instability with less reliable custody, dealing and settlement arrangements.
  The market(s) can be less liquid. If a fund investing in markets is affected by currency exchange rates, the investment could both increase or decrease. These investments therefore carry more risk.
• Concentrated Funds (C) - These funds may invest in a relatively smaller number of stocks. This stock concentration may carry more risk than funds spread across a larger number of companies.
• Down as well as up (I) - The value of investments, and any income can fall, as well as rise, so you could get back less than you invested. Neither capital nor income is guaranteed.
• Long term (J) - Investments should be regarded as long term and are not suitable for money which may be needed in the short term, you should always have a sufficient cash reserve.
• Performance charges (L) - This fund makes charges that depend on the fund's performance. For full details please refer to the fund prospectus, which is available from Hargreaves Lansdown. No performance fee for Class A or B shares

The letter in brackets indicates the codes used in our printed material (e.g. Investment Times).

On this page you will see a summary provided by the fund manager of key features of the fund. For full details of the fund, in particular the aims, charges and risks, please read the Simplified Prospectus.

Please read this together with the Vantage Key Features which describe the accounts we offer, how we deal for you, hold your investments and how we can save you money. Once you have read these documents select 'invest now' for details of how to invest.