Unit Trusts and Mutual Funds. 13.1 The Client understands that the Client’s investments in the unit trusts and mutual funds involve risk of loss to their principal. They are not bank deposits and are not endorsed or guaranteed by and do not constitute obligations of CAL or any of its subsidiaries. The prices of investments in the unit trust and mutual funds can and do fluctuate, sometimes dramatically, and any individual investment in the unit trust and mutual funds may experience upward or downward movements, and may even become valueless. In certain circumstances, the Client’s right to redeem or sell the Client’s investments may be restricted. It is as likely that losses may be incurred rather than profit made as a result of buying and selling investments in the unit trust and mutual funds.
