Issued by Premier Fund Managers Limited

This web-cast is for information purposes and expresses the opinion of the portfolio manager and does not constitute advice. Whilst every effort has been made to ensure the accuracy of the information contained in this web-cast, we regret that we cannot accept responsibility for any omissions or errors. Reference to any particular stock does not constitute a recommendation to buy or sell a stock. Persons who do not have professional experience in matters relating to investments should always speak with a financial adviser before making a decision.  

We may effect transactions in structured capital-at-risk products.
You are warned that:

• the return of the initial capital invested on your behalf is not guaranteed and therefore you may get back less than was originally invested;
• the amount of initial capital repaid may be geared so that falls in the index or other factor to which the investment is linked may result in a greater reduction in the amount paid out;
• any maximum benefit advertised is only available after a set period of time. Redeeming a product early may result in redemption penalties and you receiving back less than was originally invested;
• the initial capital may be placed into high risk investments, such as non- or sub-investment grade bonds which have a lower credit rating than others and carry a higher degree of risk;
• the initial capital may be placed into non-readily realisable investments;
• the rate of growth or income advertised may depend on specified conditions being met, including, but not limited to, the performance of an index, indices or other factor;
• the FSA's cancellation and withdrawal rights do not apply in the case of investments made into structured capital-at-risk products through a discretionary managed portfolio;
• in the event that the institution arranging the underlying investments is unable to meet its financial obligations, the investment may be subject to a large fall in value, and you may lose part or all of the amount originally invested.
• you and your professional adviser should satisfy yourselves that structured capital-at-risk products are suitable for you, in light of your circumstances and financial position.
• you should not permit us to enter into transactions unless you are prepared to lose some or all of the capital invested in such products. Where you are in any doubt as to the suitability of structured capital-at-risk products, you are strongly recommended to consult a professional adviser.
• we may invest in units in unregulated collective schemes. These types of investments are not regulated and therefore they are not available to the general public.
• there is a risk to capital, including the potential erosion of capital, resulting from withdrawals in excess of investment returns.
• there is a risk that inflation will devalue the investment return from your Portfolio.

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