Pictet International Capital Management - World Equity Selection B (EUR)/  LU1295308636  /

The aim of this Sub-Fund is to enable investors to benefit from the Pictet Group's general investment expertise and to offer capital growth over the medium to long term. The Sub-Fund is actively managed. The Sub-Fund does not have a benchmark and is not managed by reference to an index. The assets of the Sub-Fund will be allocated to achieve a minimum global exposure of 75% of the net assets to equities and similar securities (including, inter alia,ordinary and preference shares, ADRs (American Depositary Receipt) and GDRs (Global Depositary Receipt)). These exposures may be achieved by investing primarily: To a lesser extent, the Sub-Fund may also invest in other eligible assets, such as transferable securities, debt and other bond instruments, money market instruments, other UCIs, cash (including deposits) and structured products (up to 25% of the Sub-Fund's net assets). The choice of investments will not be restricted to any particular economic sector, or to a particular asset class, a particular currency or issuer rating. However, depending on market conditions, the investments may be focused on one or a limited number of countries, an economic sector or a currency. If the opportunity arises, the Sub-Fund does not exclude the possibility of investing up to 35% of its net assets in emerging countries (including via UCIs).

The aim of this Sub-Fund is to enable investors to benefit from the Pictet Group's general investment expertise and to offer capital growth over the medium to long term. The Sub-Fund is actively managed. The Sub-Fund does not have a benchmark and is not managed by reference to an index.