Climate Change Thematic Funds

L21 Pictet Global Environmental Opportunities 

The compartment applies a capital growth strategy, by investing principally in equities, or in any other transferable security linked to or similar to equities, issued by companies throughout the world (including emerging countries).

It will invest mainly in securities issued by companies active throughout the environmental value chain, for example in agriculture, forestry, clean energy and water. The Compartment may invest up to 30% of its net assets in China A Shares through (i) the QFII quota granted to an entity of the Pictet Group, (ii) the RQFII quota granted to an entity of the Pictet Group and/or (iii) the Shanghai-Hong Kong Stock Connect programme (iv) the Shenzhen-Hong Kong Stock Connect programme and/or (v) any similar acceptable securities trading and clearing linked programmes or access instruments which may be available to the Compartment in the future.

R34 Schroder Global Climate Change Equity

The fund aims to provide capital growth by investing in equities of companies worldwide which the investment manager believes will benefit from efforts to accommodate or limit the impact of global climate change and which meet the investment manager's sustainability criteria.

The fund is actively managed and invests at least two-thirds of its assets in equities of companies worldwide. The fund maintains a higher overall level of avoided emissions than MSCI World (Net TR) index, based on the investment manager's rating system.