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Important notice
[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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INFORMATION FOR HONG KONG INVESTORS
Pictet Strategic Income (“The Fund”)
IMPORTANT NOTE
Pictet Strategic Income (the “Fund”) seeks to provide income and achieve long-term capital growth over the medium to longer term while also managing downside risk by investing primarily in a global diversified portfolio of equities and fixed income securities.
The Fund’s investment in equity securities is subject to general market risks, whose value may fluctuate due to various factors, such as changes in investment sentiment, political and economic conditions and issuer-specific factors.
Investors should note that investment in debt instruments are exposed to interest rate risk, liquidity risk, downgrading risk and credit risk of the issuer. In addition, the Fund may invest in below investment grade debt securities and unrated securities which may have higher volatility and risks of default and may be subject to greater risk of loss of principal and interest.
The Fund may have significant exposure to emerging markets which are generally considered to present higher currency risks, political and economic risks, legal and taxation risks, liquidity risk, repatriation risk, volatility risk, settlement risks, custody risk. The Fund's investments may be more volatile and/or less liquid.
The downside risk management process aims at managing losses of the Fund through the active allocation between higher risk assets and lower risk assets or through the use of FDIs to hedge market and/or currency risks, but it may not achieve the desired results under all circumstances and market conditions. It may also preclude the Fund from capturing significantly the upside in rising markets.
The Fund may use financial derivative instruments for hedging and investment purposes. Such investments may involve higher degree of counterparty/credit and liquidity risks and may result in higher degree of volatility and substantial loss.
The Fund may invest in China A shares which may subject the Fund to higher political, tax, foreign exchange, regulatory, valuation and liquidity risks.
The units of the Fund aim to pay dividend on monthly basis. Dividend is not guaranteed. Dividends payable (if any) from the units may be paid out of the capital. Investors should note that the payment of dividends out of capital represents a return or withdrawal of part of the amount they originally invested and/or any capital gains attributable to the original investment. Besides, investors should be aware that distributions, including distributions involving the payment of dividends out of the Fund’s capital, may result in an immediate reduction in the NAV per distribution share. The composition of dividends for the last 12 months will be provided on the website www.assetmangement.pictet (the website has not been reviewed by the SFC) or can be obtained from the Hong Kong Representative on request.
Investors should not only base on this marketing material alone to make investment decisions.
Pictet (the “Fund”) as an umbrella under the UCITS regulations consists of different compartments investing in equities or debt securities, each with different risk profile.
Some compartments may use financial derivative instruments extensively for investment purposes. Such investments may involve higher degree of credit/counterparty, market and liquidity risks and may result in higher degree of volatility and substantial loss.
Compartments which invest in a single market, a single sector or a limited number of issuers and/or geographic zones should be regarded as having higher concentration risk than compartments following a more diversified policy.
Compartments which have investments concentrated in Europe may be more susceptible to fluctuations in value resulting from adverse conditions in the European region.
Compartments which invest in emerging countries present greater political and economic risks, legal and regulatory risks, fiscal and tax risks and capital repatriation restrictions risk.
Compartments which hold a significant portion of illiquid assets may be exposed to risk arising from the difficulty of selling an asset at a favourable price.
Some Compartments may have high leveraged exposure and thus, may result in significant loss or total loss
Some Compartments may invest in RMB denominated bonds which may subject the Compartment to various risks of investing in Chinese market e.g. political, tax, foreign exchange, credit rating agency, regulatory, CIBM related, QFII and RQFII related and liquidity risks.
Compartments which mainly invest in bonds and other debt instruments are exposed to liquidity risk, interest rate risk, and credit risk of the issuer. They may also be impacted by a downgraded credit rating which may decrease the value and liquidity of the security and adversely affect the compartment's NAV.
Compartments which invest in below investment grade debt securities (including distress and defaulted securities) and unrated securities of similar credit quality may be subject to higher risks of default and greater levels of interest rate risk, credit risk, price volatility and liquidity risk.
Distribution shares aim to pay dividend on regular basis. Dividend is not guaranteed. Dividends payable (if any) from dy and/or dm distribution shares may be paid out of the capital. Investors should note that the payment of dividends out of capital represents a return or withdrawal of part of the amount they originally invested and/or any capital gains attributable to the original investment. Besides, investors should be aware that distributions, including distributions involving the payment of dividends out of the compartment’s capital, may result in an immediate reduction in the NAV per distribution share. The composition of dividends for the last 12 months will be provided on the website www.assetmangement.pictet (the website has not been reviewed by the SFC) or can be obtained from the Hong Kong Representative on request.
Investors should not only base on this marketing material alone to make investment decisions.
[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.
Important legal information
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.
The value and income of any of the securities or financial instruments mentioned in this document may fall as well as rise and, as a consequence, investors may receive back less than originally invested. Risk factors are listed in the fund’s prospectus and are not intended to be reproduced in full in this document.
Past performance is not a guarantee or a reliable indicator of future performance. Performance data does not include the commissions and fees charged at the time of subscribing for or redeeming shares. This marketing material is not intended to be a substitute for the fund’s full documentation or for any information which investors should obtain from their financial intermediaries acting in relation to their investment in the fund or funds mentioned in this document.
EU countries: the relevant entity is Pictet Asset Management (Europe) S.A., 15, avenue J. F. Kennedy, L-1855 Luxembourg
Switzerland: the relevant entity is Pictet Asset Management SA , 60 Route des Acacias – 1211 Geneva 73
Hong Kong: this material has not been reviewed by the Securities and Futures Commission or any other regulatory authority. The issuer of this material is Pictet Asset Management (Hong Kong) Limited.
Singapore: this material is issued by Pictet Asset Management (Singapore) Pte Ltd. This material is intended only for institutional and accredited investors and it has not been reviewed by the Monetary Authority of Singapore.
Pictet Asset Management Inc. (Pictet AM Inc) is responsible for effecting solicitation in North America to promote the portfolio management services of Pictet Asset Management Limited (Pictet AM Ltd) and Pictet Asset Management SA (Pictet AM SA).
In Canada Pictet AM Inc. is registered as Portfolio Manager authorised to conduct marketing activities on behalf of Pictet AM Ltd and Pictet AM SA. In the USA, Pictet AM Inc. is registered as an SEC Investment Adviser and its activities are conducted in full compliance with the SEC rules applicable to the marketing of affiliate entities as prescribed in the Adviser Act of 1940 ref. 17CFR275.206(4)-3.