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Investment involves risks. Past performance is not indicative of future performance. If Investment returns are not denominated in HKD/ USD, US/HK dollar-based investors are exposed to exchange rate fluctuations. In general fluctuation in the performance of emerging markets is normally higher as it tends to be more volatile than other developed markets. The value of bonds, debt instruments and other fixed income instruments will fluctuate depending on market interest rates, and credit quality of the issuer and liquidity considerations. Increase in market interest rates, decline in the credit quality of the issuer and decrease in liquidity will adversely impact on the value of these instruments. When the interest rate rises, the price of fixed income instruments will normally drop, and vice versa. Please refer to the relevant offering documents for details including the risk factors before making any investment decisions. The third party trademarks appearing on this webpage are the property of the respective owners and not Fidelity's. FIL Limited and its subsidiaries are commonly referred to as Fidelity or Fidelity International. Fidelity, Fidelity International, the Fidelity International logo and F symbol are trademarks of FIL Limited. This web page is published by FIL Investment Management (Hong Kong) Limited and has not been reviewed by the Securities and Futures Commission.