Anlageschwerpunkt PWM Funds - Global Corporate - D USD ACC

The objective of the compartment PWM Funds - Global Corporate (hereafter the 'Compartment') is to provide capital growth over the mid to long term with a moderate volatility. The Compartment will mainly offer an exposure to corporate debt securities (including money market instruments) of any type. The Compartment will mainly invest: - directly in the securities mentioned in the previous paragraph, - in UCITS and/or other UCIs (limited to 10% of the net assets of the Compartment), having as main objective to invest or grant an exposure to the above-mentioned securities, - in any transferable securities (such as structured products, as described below) linked (or offering an exposure) to the performance of the above-mentioned securities. The choice of investments will neither be limited to a geographic sector (including emerging countries up to 45% of the net assets of the Compartment), a particular sector of economic activity or a given currency. However, depending on market conditions, this exposure may be focused on one country or on a limited number of countries and/or one economic activity sector and/or one currency.