DEVELOPED ASIA PACIFIC FUND.

The Developed Asia Pacific Fund aims to produce attractive returns, mainly through capital growth, over the long term. To invest in any economic sectors of any of the markets represented by the MSCI Pacific Index, either directly or indirectly. Investment will be mainly in shares of companies. The markets currently included in the MSCI Pacific Index are Australia, Hong Kong, Japan, New Zealand and Singapore. The Fund’s share price can be volatile due to movements in the prices of the underlying holdings and the basis on which the Fund is priced. The value of investments and any income from them may go down as well as up and your client may not get back the amount originally invested.