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重要公告
[2020年 9 月 3 日]，香港 – 瑞士百达资产管理(香港)有限公司(以下简称「瑞士百达资产管理」) 发现载有某些声称瑞士百达资产管理手机应用程序的可疑网站，提醒公众注意。
瑞士百达资产管理提醒公众人士，本公司之官方网址为 www.am.pictet，瑞士百达资产管理的手机应用程序 (即Pictet AM) 只能于App Store 及 Google Play 下载。客户应从此等渠道下载本公司的应用程序。其他网站及其载有的应用程序均与本公司无关。此外, 瑞士百达资产管理只会通过持牌金融机构销售产品，并无直接销售渠道。假若你因投资而蒙受损失或已汇款到这些网页或手机应用程序中指定的帐户, 请你尽快向警方报案。 假若你担心已经披露了个人资料，请你向个人资料私隐专员公署提出投诉。
Important Note
[3 September 2020], Hong Kong – Pictet Asset Management (Hong Kong) Limited (“Pictet Asset Management”) would like to alert the public of certain suspicious webpages that might be hosting mobile apps that claimed to be from Pictet Asset Management.
Pictet Asset Management would like to remind the public that our official website is www.am.pictet and Pictet Asset Management’s mobile apps (i.e. Pictet AM) are only available for download at App Store and Google Play. Clients should only download Pictet Asset Management’s apps from these two channels. All other webpages and apps other than aforementioned are unrelated to Pictet Asset Management. In addition, Pictet Asset Management will only sell products through licensed financial institutions and have no direct sales channels. If you are concerned that you have suffered losses as a result of making any investment or transferring money to an account specified in such webpages or mobile app, please report to the police immediately. If you are concerned that you may have disclosed sensitive personal information, please file the complaint with the Office of the Privacy Commissioner for Personal Data.
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Water preservation: Singapore leads but others catching up
When it comes to water sustainability Singapore is the global leader. But China is racing to close the gap.
Written by
The Thematic Advisory Board
Necessity is often the mother of invention. As a small island with no groundwater, limited water storage, a rapidly growing population and an expanding economy, it should not be surprising that Singapore has become a global leader in water recycling, conservation and technology.
An extra impetus comes from its reliance on a single source – Malaysia – for imported water, leaving it vulnerable to any diplomatic tensions. Consequently, Singapore is determined to achieve water self-sufficiency by 2060, a year before its water import treaty with Malaysia expires.Toilet to tap
The city state could serve an example to the world’s other water-starved regions, which is why it was picked as the destination for a research trip by members of the Pictet-Water Advisory Board, whose task is to advise our investment team on the latest trends and technological advances in the water sector.
road to water self-sufficiency
Singapore's water by source of production, % of total
Source: PUB
What they discovered is that Singapore’s success stems from several sources. Of these, technology is the easiest to share with the world. Singapore could teach other countries about preventing leaks with big data, or about its NEWater initiative, which cleans wastewater and then applies additional treatment processes – microfiltration, reverse osmosis and ultraviolet disinfection. The water made available through these processes is widely used in industry and is clean enough to drink. But technological know-how alone is not enough to power a water revolution.
Capital investment and changes in consumer behaviour are also necessary. Here too, Singapore leads. The city state is not only a major research centre for water technology but, through the establishment of pioneering public bodies such as the National Water Agency, PUB, it also ensured that water security and preservation is firmly at the top of the political and regulatory agenda.
China's commitment
Only countries with similar existential challenges are likely to have the motivation to follow in Singapore’s footsteps towards water sustainability leadership. China stands out as a top contender, according to our Advisory Board. It is home to 20 per cent of the world’s population but only 7 per cent of its fresh water.
The authorities are committed: in the first half of 2017 alone, China launched some 8,000 water clean-up projects worth USD100 billion. Efforts to change public behaviour are also falling into place, taking the form of education campaigns in schools, higher pollution fines and the appointment of 200,000 local “river chiefs” with personal responsibility for water quality in their areas.
With the government’s backing – and its purse – technology and innovation should not pose too much of a problem either. Singaporean water companies are among those vying to take advantage of Beijing’s nascent commitment to sustainability.
emerging water leaders in action
Source: Pictet Asset Management
Local problem for the whole world
Water management problems are not limited to the emerging world. Parts of US and Australia, for example, are threatened by drought, whereas the Netherlands is at risk from floods. Developed nations sometimes lack the strong official focus on water demonstrated by Singapore and China, but benefit from greater involvement by the private sector.
better treatment
Percentage of treated wastewater in 2015 by country income level, and aspirations for 2030
Source: UN World Water Development Report 2017
Globally, the motivation to preserve surface water and below ground aquifers is only likely to get stronger. Rainfall patterns are changing, the global population is growing and natural fresh water resources – surface and underground – are being drained. Without action, by 2030, there will be a 40 per cent shortfall of fresh water.
Singapore’s example shows us that a lot of the technology for a sustainable water future is already here – and more is being developed. Other countries are now starting to identify both the existential risks posed by water mismanagement, as well as the opportunities for business and commerce presented by sustainability. With strong commitment to the cause, China and others can learn from Singapore’s example and build on it to create even more sustainable water systems.
related articles
Making every drop count
The Thematic Advisory Board
September 2017
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This marketing document is issued by Pictet Asset Management. It is neither directed to, nor intended for distribution or use by any person or entity who is a citizen or resident of, or domiciled or located in, any locality, state, country or jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation. Only the latest version of the fund’s prospectus, the KIID (Key Investor Information Document), regulations, annual and semi-annual reports may be relied upon as the basis for investment decisions. These documents are available on assetmanagement.pictet.
This document is used for informational purposes only and does not constitute, on Pictet Asset Management part, an offer to buy or sell solicitation or investment advice. It has been established on the basis of data, projections, forecasts, anticipations and hypothesis which are subjective. Its analysis and conclusions are the expression of an opinion, based on available data at a specific date. The effective evolution of the economic variables and values of the financial markets could be significantly different from the indications communicated in this document.
Information, opinions and estimates contained in this document reflect a judgment at the original date of publication and are subject to change without notice. Pictet Asset Management has not taken any steps to ensure that the securities referred to in this document are suitable for any particular investor and this document is not to be relied upon in substitution for the exercise of independent judgment. Tax treatment depends on the individual circumstances of each investor and may be subject to change in the future. Before making any investment decision, investors are recommended to ascertain if this investment is suitable for them in light of their financial knowledge and experience, investment goals and financial situation, or to obtain specific advice from an industry professional.
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For US investors, Shares sold in the United States or to US Persons will only be sold in private placements to accredited investors pursuant to exemptions from SEC registration under the Section 4(2) and Regulation D private placement exemptions under the 1933 Act and qualified clients as defined under the 1940 Act. The Shares of the Pictet funds have not been registered under the 1933 Act and may not, except in transactions which do not violate United States securities laws, be directly or indirectly offered or sold in the United States or to any US Person. The Management Fund Companies of the Pictet Group will not be registered under the 1940 Act.
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