Anyone else have whiplash from Italy? On this episode of the World Financial Podcast We talk about an Italexit, the Euro, the Dollar and EM with our favorite economists, Meral and Turgut. Mutual funds and exchange traded funds are subject to market risk and volatility. Shares may gain or lose value. Foreign investments may be volatile and involve additional expenses and special risks, including currency fluctuations, foreign taxes, regulatory and geopolitical risks. Investing significantly in a particular region, industry, sector or issuer may increase volatility and risk. Emerging and developing market investments may be especially volatile. These risks are magnified in frontier markets. Commodity-linked investments are speculative and have substantial risks, including the loss of principal. Fixed income investing entails credit and interest rate risks. Interest rate risk is the risk that rising interest rates or an expectation of rising interest rates in the near future, will cause the values of a fund's investments to decline. When interest rates rise, bond prices generally fall, and a fund’s share prices can fall. Leverage (borrowing) involves transaction and interest costs on amounts borrowed, which may reduce performance. Before investing in any of the Oppenheimer funds, investors should carefully consider a fund’s investment objectives, risks, charges and expenses. Fund prospectuses and summary prospectuses contain this and other information about the funds, and may be obtained by visiting Oppenheimerfunds.com or calling 1.800.CALL OPP (225.5677). Read prospectuses and summary prospectuses carefully before investing. These views represent the opinions of portfolio managers at OppenheimerFunds and are not intended as investment advice or to predict or depict the performance of any investment. These views are as of the publication date, and are subject to change based on subsequent developments. OppenheimerFunds is not undertaking to provide impartial investment advice or to provide advice in a fiduciary capacity. The mention of specific countries, currencies, securities, issuers, or sectors does not constitute a recommendation on behalf of any particular fund or by OppenheimerFunds, Inc.