12. Can the returns of a fund be guaranteed?

Successful performance results of a fund cannot be guaranteed. Past performance is not necessarily indicative or a guarantee of future results. By investing in a fund you bear certain risks. Depending on your willingness to take chances, you may opt for the type of the fund that best suits your needs. Funds with riskier investments potentially have higher returns, while funds with relatively conservative investment policy, such as money-market funds have lower returns but also less risk implied.