Investment Objective: Pictet-CHF Bonds P |
This Compartment invests at least two-thirds of its assets in a diversified portfolio of bonds and a maximum of one-third of its assets in money market instruments and convertible bonds, with this last category not exceeding 20%, within the limits allowed by the investment restrictions. These investments may be made in all markets while seeking capital growth in the reference currency. A minimum of two-thirds of its total assets/total wealth will be denominated in Swiss francs and the investments not denominated in Swiss francs will generally be hedged in order to avoid exposure to a currency other than the Swiss franc. Investments in convertible bonds may not exceed 20% of the Compartment’s net assets. In addition, the Compartment may invest up to 10% of its net assets in UCITS and other UCIs, including other Compartments of the Fund pursuant to Article 181 of the 2010 Act. |