Investments in the fund’s securities include a number of risks that must be considered before the investment is made. The law and regulations on investment offers to the public/retail market, stipulate that the risks should be described as comprehensively as possible so that investors can form an opinion about them. We consider this to be very good as it helps us to further describe what the investment/business is all about, even if the description is not hundred percent accurate or comprehensive to all possible events that might occur. These risks are described in the fund prospectus, as well as briefly in the fund’s fact sheet, KIID.
The risks described relate partly to the operations in whiskey trading, partly to the risks related to the investment as such. In the first case, we list all risks that we consider can negatively affect the business, which may be an infinite number of factors, but where we describe those which we judge being most reasonable based on what we can see at the present time, without ranking or evaluating them between themselves. Of course, additional risks may arise over time, but we do not address extreme risks such as sun spot activity, volcanic eruptions and the like. In the second case, the risks involved in investing in securities are described. Here are the systematic risks pertaining to all types of securities and specific risks related to the current type of securities and the arrangements for their trading in the secondary market (NGM stock exchange in Stockholm).
We welcome your questions about risks and therefore encourage you as potential investors to ask questions about the risks we described and any risks we did not mention.