Pictet International Capital Management - Global Diversified/  LU1322075851  /

The overall objective is to take advantage of the growth of the global economy while allowing investors to benefit from the Pictet Group's general investment expertise by providing exposure to a globally diversified portfolio invested directly or indirectly in all types of equities and/or bonds. To achieve its objectives, the Sub-Fund will invest mainly: - directly in any type of equity and equity-related securities (including, among others, ordinary and preferred shares, convertible and reverse convertible bonds), any type of debt securities (including fixed or floating rate securities, zero coupon bonds, government or corporate bonds), - in any type of securities (e.g. structured products as described in the prospectus) linked to or giving exposure to the performance of any of the above asset classes, - in UCIs whose main objective is to invest in or provide exposure to the performance of any of the above asset classes. The choice of investments will not be limited to a particular economic sector, nor geographically, nor to a particular asset class, nor to a given currency, nor in terms of rating per issuer. However, depending on market conditions, investments may be focused on a single country or a reduced number of countries and/or a sector of economic activity and/or a currency and/or an asset class. The Sub-Fund may invest up to 30% of its net assets in emerging countries. Particularities of the Sub-Fund - Within the limits set forth in the chapter "Investment Restrictions", the Sub-Fund may invest in ABS and MBS. - The Manager will nevertheless ensure that investments in non-investment grade debt are limited to 25% of the net assets, as specified in the prospectus. - Structured products, as defined in the prospectus, are limited to 20% of the net assets. The Sub-Fund does not intend to invest in Contingent Convertible Securities. The Sub-Fund may also invest in other eligible assets as specified in the chapter "Investment Restrictions" of the prospectus such as transferable securities, other UCIs (and/or UCITS), money market instruments, cash (including deposits) and structured products (as defined in the prospectus). If the Manager deems it necessary and in the interest of the shareholders, the Sub-Fund may hold cash up to 100% of its net assets, consisting, among other things, of deposits, money market instruments, money-market UCIs.

The overall objective is to take advantage of the growth of the global economy while allowing investors to benefit from the Pictet Group's general investment expertise by providing exposure to a globally diversified portfolio invested directly or indirectly in all types of equities and/or bonds.