Disclaimer Conditions of use By accessing this website and the products, services, information, tools and materials that it contains or describes (hereinafter, "the website"), you acknowledge that you have understood and accept the following conditions of use. Access to the website Access to the website is forbidden to any person from a jurisdiction (by reason of their domicile, residence, nationality or other) whose applicable laws and/or regulations prohibit the publication and/or availability of the website. No offer The information provided on this website is not intended to be a substitute for the funds’ full documentation. Hence, the information on this website does not constitute an offer or a recommendation to implement or liquidate an investment or to carry out any other transaction. It should not be used as the sole basis for any investment decision or other decision. Any investment decision should be based on appropriate professional advice specific to the investor's needs. Exclusion of warranty The information and opinions on this website are provided by Pictet Asset Management for general information purposes only. Pictet Asset Management and its data suppliers make every effort to ensure that the information on this website is accurate and complete at the time of its inclusion. However, although this information is obtained from sources that are believed to be reliable, Pictet Asset Management and its data suppliers do not guarantee, explicitly or implicitly, that it is accurate, reliable, up-to-date or exhaustive. Furthermore, any view or opinion expressed on this website is subject to alteration without notice. Pictet Asset Management cannot guarantee that the information on this website has not been altered as a result of technical malfunctions (disconnection, interference by third parties, computer viruses, etc.). Limitation of liability Pictet Asset Management and its data suppliers accept no liability for any loss or damage of any nature whatsoever, whether direct, indirect or consecutive, arising from accessing, using, consulting or navigating its website, or from links to other websites. Investment performance Past performance is no indication or guarantee of future results. Moreover, the value of and returns on the securities or financial instruments mentioned on the website may go down as well as up and investors may not get back the full amount originally invested. Tax Tax treatment depends on the personal circumstances of the investor and is subject to change. Investors are advised to seek specific professional advice before making any investment decision. Ownership of website, brands and copyright Pictet Asset Management and the other Pictet Group brands mentioned on the website are registered trademarks or service marks of the Pictet Group or its affiliated companies. Unless otherwise indicated, the entire website is protected by copyright. It is forbidden to reproduce (in full or in part), transmit (by electronic or any other means), amend, create a link to or use this website for any public or commercial purposes without the prior agreement of Pictet Asset Management. Links to other websites This website may provide automatic links to other websites. You use such links to any external websites entirely at your own risk. Pictet Asset Management does not verify the accuracy of the information provided on the websites mentioned on this website. Pictet Asset Management therefore accepts no liability for their content or for the products, services or other offers available through them. I have read and accept the present terms and conditions of use. Ok