The sub-fund seeks capital growth by investing at least two-thirds of its total assets in the shares of companies operating in the water sector worldwide. The sub-fund favours companies operating in water supply, processing services, water technology and environmental services.
Pictet has established a policy on proxy voting. This policy is based on widely accepted standards of best practice in corporate governance, with the interests of shareholders at its centre. The Fund also engages Hermes Equity Ownership Services, an external provider with a solid track record of fostering best practice in corporate governance, to engage with selected companies held in our environmental strategies.
Environment Technology Positive
The fund focuses on companies operating in the water sector including supply and treatment services; and water technology and environmental services. Although the fund's investment strategy does not imply a use of positive ethical criteria, the approach includes investment in the clean water infrastructure, waste management and environmental services associated with the sector and profits from the beneficial environmental and social effects.