General Risks. In addition to the fund-specific risks, the investments of the UCITS can be subject to general risks. A non-exhaustive list of examples is presented in paragraph 8.2 of the Prospectus.
General Risks. In addition to the fund-specific risks, the investments of the UCITS can be subject to general risks. All investments in UCITS are associated with risks. The risks may comprise or be associated with stock market and bond market risks, exchange rate, interest rate, credit and volatility risks, as well as political risks. Any of these risks may also occur together with other risks. This section will examine some of these risks. It is important to note, however, that this is not a complete list of all possible risks. Potential investors should be clearly aware of the risks associated with an investment in shares and not make any investment decisions before receiving comprehensive advice from their legal, financial and fiscal advisors, auditors and other experts on the suitability of an investment in shares of the UCITS, taking into consideration their personal financial and fiscal and other circumstances, as well as the information in this Prospectus, the Trust Agreement and the investment policy of the UCITS. Derivative financial instruments The UCITS can use derivative financial instruments. They cannot be used for hedging, but may represent a part of the investment strategy. The use of derivative financial instruments for hedging purposes may change the general risk profile due to correspondingly lower opportunities and risks. The use of derivative financial instruments for investment purposes may have an effect on the general risk profile due to additional opportunities and risks. Derivative financial instruments are not independent investment instruments, but instead deal with rights, the valuation of which is derived primarily from the price and price fluctuations and expectations of an underlying reference instrument. Investments in derivatives are subject to general market risk, management risk, credit and liquidation risk. Due to special features of the derivative financial instruments, the risks referred to may be different and turn out to be somewhat higher than risks for an investment in basic instruments. The use of derivatives therefore requires not only an understanding of the basic instrument, but also well-founded knowledge of the derivatives. Derivative financial instruments also carry the risk of a loss to the UCITS because another party participating in the derivative financial instrument (usually a 'counterparty') does not fulfil its obligations. The credit risk for derivatives traded on a stock exchange is generally lower than the risk f...
General Risks. Aside from the risks upon exercise described in Paragraph 6, options transactions may carry a high degree of risk. Both buyers and sellers of options should be sure that they understand the nature of the option contract (“put” or “call”) that they propose to trade and the associated risk/return profiles in different market scenarios. When buying an option you should calculate the extent to which the value of an option contract must increase for your position to be profitable, taking into account the price of the option (the “premium”) and all transaction costs. There is no daily mark-to-market on Option position. Buyer of an option has the liability limited to the premium plus transaction costs related to option. Seller of an option has limited profit in the form of premium received but has unlimited liability.
General Risks. Purchasing Share Tokens may offer an opportunity for capital gains but also entail a high degree of business and financial risks, including the possibility of a complete loss of the investment. This document does not represent any solicitation for the purchase or sale of Share Tokens. Instead, each purchaser is requested to engage in his own independent research and make his own decisions with respect to the purchase of Share Tokens. It is assumed that prospective Token Holders, to the extent necessary, consult a lawyer, accountant, and/or tax professional to evaluate the risks entailed. The risks described herein are not the only risks that come into question and are by no means intended to represent a comprehensive list. Potential purchasers should be aware that buying Share Tokens may also be exposed to other risks of another nature. The order in which the individual risks were chosen to be presented does not provide any indication of the probability of occurrence or the seriousness or importance of the individual risks or their impact in the event that they occur. Additional risks that are not business-specific and that are not yet currently known to the Company or that the Company does not currently deem to be relevant may likewise have an impact. Prospective Token Holders should ensure that they fully understand the nature of the Share Tokens and the extent of their exposure to risks and they should consider the suitability of the Share Tokens as an investment in the light of their own circumstances and financial condition. The Share Tokens involve a high degree of risk, including the potential risk of expiring worthless. Potential buyers should be prepared in certain circumstances to sustain a total loss of the capital invested to purchase the Share Tokens.
General Risks. The Client understands and acknowledges that investing in, buying, and selling Digital Assets presents a variety of risks that are not presented by investing in, buying, and selling products in other, more traditional asset classes. These risks include, but are not limited to, the following:
General Risks. (a) You should always remember that you may not get back the amount originally invested as the value of the investments, and the income from them can go down as well as up. There are no guaranteed returns. The price or value of an investment will depend on fluctuations in the financial markets that are outside our control;
General Risks. 2.1.1 Currency risks
General Risks. Aside from the risks upon exercise described in Paragraph 6, options transactions may carry a high degree of risk. Both buyers and sellers of options should be sure that they understand the nature of the option contract (“put” or “call”) that they propose to trade and the associated risk/return profiles in different market scenarios. When buying an option you should calculate the extent to which the value of an option contract must increase for your position to be profitable, taking into account the price of the option (the “premium”) and all transaction costs.
General Risks. General market risk The performance of the Reference Asset will largely determine the market price of the Units. The volatility of the Reference Asset, and, where the Reference Asset is an index, the market price of the securities or commodities that comprise the Reference Asset and other interrelated and complex factors and general risks applicable to financial markets on which those securities or commodities will be traded (such as investor confidence and present and expected future global economic conditions) will be relevant as well.
General Risks. The Client understands and acknowledges that investing in, buying, and selling Digital Assets presents a variety of risks that are not presented by investing in, buying, and selling products in other, more traditional asset classes. These risks include, but are not limited to, the following: i. Digital Assets are not legal tender, operate without central authority or banks, and are not backed by any government. ii. Digital Assets are a new technological innovation with a limited history and are a highly speculative asset class, and as such, have in the past experienced, and are likely in the future to continue to experience, high volatility, including periods of extreme volatility. iii. Digital Assets could become subject to Forks, and various types of cyberattacks, including but not limited to a “51% Attack” or a “Replay Attack,” as described in the Policy Statement on Forks attached to this Agreement as Schedule 3. iv. Trading platforms on which Digital Assets are traded, including exchanges that may be used by the Custodian to fill Trade Orders, may stop operating or shut down due to fraud, technical problems, hackers or malware, and these trading platforms may be more susceptible to fraud and security breaches than established, regulated exchanges for other products. v. The decentralized, open source protocol of the peer-to-peer computer network supporting a Digital Asset could be affected by internet disruptions, fraud or cybersecurity attacks, and such network may not be adequately maintained and protected by its participants. vi. Regulatory actions or policies may limit the ability to exchange a Digital Asset or utilize it for payments, and federal, state or foreign governments may restrict the use and exchange of Digital Assets. vii. It may be or in the future become illegal to acquire, own, sell, or use a Digital Asset in one or more countries, and the regulation of Digital Assets within and outside of the United States is still developing. viii. A Digital Asset could decline in popularity, acceptance or use, thereby impairing its price and liquidity.
