Investors should not base on this document alone to make investment decision. Please refer to the Prospectus for details including the product features and the risk factors. Investment involves risks. There is no guarantee of the repayment of principal. Investor should note:
- Crude oil prices are highly volatile and may fluctuate widely and may be affected by numerous events or factors such as crude oil production and sale, complex interaction of supply and demand of crude oil, weather, crude oil inventory level, war, speculator’s activities, economic activity and other financial market factors.
- Investment in futures contracts involves specific risks such as high volatility, leverage, rollover and margin risks. Crude oil price is highly volatile. Investors may suffer substantial /total loss by investing in the Fund.
- As the exposure of the Fund is concentrated in the crude oil market, it is more susceptible to the effects of crude oil price volatility than more diversified funds.
- The trading price of the Unit on the SEHK is driven by market factors such as demand and supply of the Unit. Therefore, the Units may be trade at a substantial premium or discount to the Sub-Fund’s net asset value.