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Investing involves risk including the risk of loss of principal.
Investing in foreign domiciled securities may involve risk of capital loss from unfavorable taxes, from differences in generally accepted accounting principles or from economic or political instability in other nations. Investments in emerging or developing markets may be more volatile and less liquid than investing in developed markets and may involve exposure to economic structures that are generally less diverse and mature and to political systems which have less stability than those of more developed countries.
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Equity securities may fluctuate in value in response to the activities of individual companies and general market and economic conditions.
A “quality” style of investing emphasizes companies with high returns, stable earnings, and low financial leverage. This style of investing is subject to the risk that the past performance of these companies does not continue or that the returns on “quality” equity securities are less than returns on other styles of investing or the overall stock market.
Strategies may emphasize a “growth” style of investing. The market values of growth stocks may be more volatile than other types of investments. The prices of growth stocks tend to reflect future expectations, and when those expectations change or are not met, share prices generally fall. The returns on “growth” securities may or may not move in tandem with the returns on other styles of investing or the overall stock market.
The views expressed are the views of Alvin Lau through March 17, 2023, and are subject to change based on market and other conditions.
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Exp. Date: 04/30/2024