PWM Fd.-Flexible Conservative EUR A/  LU0095672597  /

The objective of the Sub-Fund is to enable investors to benefit from the general investment expertise of the Pictet Group by offering the possibility to invest directly or indirectly in a global balanced portfolio. The Sub-Fund will mainly offer exposure to the following two asset classes: equities and equity related securities (such as depositary receipts (ADRs, GDRs), closed-ended REITS); and/or all types of debt securities (including non-investment grade debt securities up to 40%), including Money Market Instruments. The allocation between asset classes is not limited and will vary depending on market conditions and Investment Manager's choices. However, without being a hard limit, the Compartment can be exposed to 100% of its net assets to the debt securities asset class and the equity asset class should not represent more than 40% of the Compartment's net assets.

The objective of the Sub-Fund is to enable investors to benefit from the general investment expertise of the Pictet Group by offering the possibility to invest directly or indirectly in a global balanced portfolio.