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Stock costs fluctuate, sometimes quickly and dramatically, as a result of elements affecting particular person companies, specific industries or sectors, or basic market circumstances. Thus, as costs of bonds in an funding portfolio modify to a rise in rates of interest, the value of the portfolio might decline. Investments in international securities contain special risks including currency fluctuations, economic instability and political developments. Investments in creating markets contain heightened risks associated to the identical factors, along with those related to their relatively small measurement and lesser liquidity.
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