Currency exchange rates may fluctuate significantly over short periods of time. Securities denominated in such foreign currency (or other instruments through which the Fund has exposure to foreign currencies) to decline in value.
Unless the Fund has hedged its foreign securities risk, foreign securities risk also involves the risk of negative foreign currency rate fluctuations, which may cause the value of Foreign investments also involve the risk of the possible seizure, nationalization or expropriation of the issuer or foreign deposits (in which the Fund could lose its entire investments in a certain market) and the possible adoption ofįoreign governmental restrictions such as exchange controls.
The Fund’s foreign investments may be adversely affected by political and social instability, changes in economic or taxation policies, difficulty in enforcing obligations, decreased liquidity or increased
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