The document is a Form ADV Part 2A for iCapital Advisors, LLC, discussing various investment strategies and associated risks. It covers investments in American Depositary Receipts (ADRs), European Depositary Receipts (EDRs), and Global Depositary Receipts (GDRs), highlighting the risks of investing in non-U.S. securities, including political, economic, and foreign exchange risks. The document also addresses investments in emerging markets, noting the potential for high volatility and market instability. Additionally, it discusses the impact of foreign currency fluctuations on fund investments.
doj/DataSet10/EFTA01389593.pdf
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