The document outlines the risks and considerations associated with investing in non-U.S. securities, emerging markets, currency risks, and short sales. It highlights the potential challenges such as exchange rate fluctuations, political instability, and less regulatory oversight in non-U.S. markets. The document also discusses the heightened risks in emerging markets, including nationalization, economic uncertainty, and less developed financial systems. Additionally, it addresses the risks of currency fluctuations and the potential for significant losses in short sales.
documents/EFTA01386187.pdf
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