IN PRAISE OF SMALL.

Global Discovery aims to produce attractive returns, mainly through capital growth, over the long term. To invest mainly in shares of companies worldwide which we consider offer excellent future growth prospects. Investment may also be in other transferable securities (for example bonds, debentures, loan stock), money market instruments, cash and near cash. 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 you or your client may not get back the amount originally invested.