Risk Warning

The following list of risk factors is provided as an indication of the variety of risks which exist with investment in the funds or products on this Site (“Foresight Funds” or “Foresight Products”). Not all risks as stated will necessarily apply to each of the Foresight Funds or Foresight Products. Investors' attention is nevertheless drawn to these risks as investments in the Foresight Funds or Foresight Products may not be suitable for all investors.

Risks Applicable to All Foresight Funds and Products:

• The value of shares/investments and the income from them can go down as well as up
• An investor may not get back the amount originally invested
• Past performance is not a reliable indicator of future performance
• Changes in exchange rates may cause the value of investments to go up or down
• Investments in derivative Instruments, including futures, options or contracts for differences, carries a high risk of loss. The markets in these investments are highly volatile.
• Investing in smaller companies, including AIM companies, can carry greater risks than those usually associated with large capitalisation companies
• If you exercise any cancellation rights you may have, you may not get back the full amount of your investment
• Where income is insufficient to pay charges, the residual is taken from capital which will reduce the rate of capital growth
• Tax assumptions are subject to statutory change and the value of tax reliefs will depend upon individual circumstances
• Personal opinions may change and should not be seen as advice or a recommendation

You should note that investment in any of the funds or products featured on this website (‘Foresight Funds”, "Foresight Products”) should ONLY be made on the basis of reading any applicable Documentation (including any Brochure, Fund Prospectus, Offer Documents, KIIDs, PRIIPS KID and Disclosure Documentation) or Terms and Conditions of Investment as appropriate. Particular attention should be paid to the general and fund specific risk factors set out in the applicable Documentation.

Foresight Group LLP does not provide tax, investment, legal or other advice and the information on this website should not be construed as such. We recommend investors seek advice from a regulated financial adviser.

Product Specific Risks

OEIC

Foresight open-ended investment company (“OEIC”) is incorporated with limited liability and registered in England and Wales under registered number IC001100) and is a UK undertaking for collective investment in transferable securities (“UK UCITS”) pursuant to s.236A of the Financial Services and Markets Act 2000 (as amended under the Collective Investment Schemes (Amendment etc.) (EU Exit) regulations 2019). The Foresight OEIC is structured as an umbrella company, in that different Funds may be established from time to time by the Authorised Corporate Director (ACD) with the approval of the FCA. FundRock Partners Limited is the ACD of the Foresight OEIC and its sub-funds and Foresight Group LLP is the investment manager.

An investor should be willing to invest for the medium to long term (five years) to gain access to a portfolio managed in accordance with an investment objective and policy. Investors must be prepared to accept fluctuations in the value of capital including possible capital loss and accept the risks of investing in equity markets.

ICAVs

The WHEB Asset Management Funds ICAV is registered in Ireland as an undertaking for collective investment pursuant to the Irish Collective Asset-management Vehicles Act 2015 and is authorised by the Central Bank of Ireland. The ICAV qualifies as an undertaking for collective investment in transferable securities (UCITS) under Directive 2009/65/EC of the European Parliament. FundRock Management Company S.A. is its management company and Foresight Group LLP is the investment manager.

The ICAV and its sub-fund(s) may be suitable for investors seeking exposure to the infrastructure asset class with a global focus. Investors should be willing to invest for the medium to long term (typically five years or more) to benefit from a portfolio managed in line with an investment objective and policy targeting capital growth and income from equity markets. Investors must be prepared to accept fluctuations in the value of their investment, including the possibility of capital loss, and should understand the risks associated with investing in equity markets.

SICAVs

VCTs

Venture Capital Trusts (“VCTs”) should be considered longer-term investments and may be higher risk and more difficult to realise than an investment in listed securities. Investments will be made in small unquoted companies, which carry a higher risk than many other forms of investment. These investments will be illiquid and may expose you to a significant risk of losing all of the money you invest. Tax reliefs are dependent on the VCT maintaining its qualifying status and on investors’ individual circumstances. Current tax rules are subject to change. If a VCT loses its qualifying status, tax advantages will be withdrawn from that point. VCTs usually trade at a discount to their net asset value. 

EIS

Enterprise Investment Schemes (“EIS”) should be considered longer-term investments and may be higher risk and more difficult to realise than an investment in listed securities. Investments will be made in small unquoted companies, which carry a higher risk than many other forms of investment. These investments will be illiquid and may expose you to a significant risk of losing all of the money you invest. Tax reliefs are dependent on investee companies maintaining EIS qualifying status and investors’ individual circumstances. Current tax rules are subject to change.

ITS/AITS/EITS

Foresight Inheritance Tax Solution ("ITS"), Accelerated Inheritance Tax Solution (“AITS”) and Enhanced Inheritance Tax Fund ("EITS") should be considered longer-term investments and may be higher risk and more difficult to realise than an investment in listed securities. Investments will be made in small unquoted companies, which carry a higher risk than many other forms of investment. These investments will be illiquid and may expose you to a significant risk of losing all of the money you invest. Tax reliefs are dependent on investee companies continuing to qualify for Business Property Relief and investors’ individual circumstances. Current tax rules are subject to change. A failure to meet the BPR qualifying requirements could result in the investments losing their inheritance tax exempt status, resulting in adverse tax consequences for investors.​

AITS is a part of the ITS Fund and is an integrated Business Relief and insurance solution that gives investors immediate inheritance tax mitigation. For investment in the AITS Fund, insurance cover is only available to investors who meet the eligibility criteria for the relevant Insurance Category. Failure to meet such criteria or a misrepresentation in the eligibility declaration could result in the Insurer refusing to settle an investor’s claim under the Insurance Policy.

Foresight Solar Fund Limited and Foresight Environmental Infrastructure

Investments in Investment Companies are speculative, involve a high degree of risk, and could result in the loss of all or substantially all of your investment. Results can be positively or negatively affected by market conditions beyond the control of the Investment Company or any other person. There is no guarantee that any returns can be achieved or can be continued if achieved. There may be other additional risks, uncertainties and factors that could cause the returns generated by Investment Companies to be materially lower than expected. Please refer to the fund Prospectus of each Investment Company for further information on the risks associated with investments.