Pictet Asset Management complies with the UK Stewardship Code

Pictet Asset Management aims to be a leading asset management group worldwide, and as agents of our clients, who are the owners of the companies in which we invest, we acknowledge our fiduciary obligation to engage with portfolio companies on their behalf in such a manner that protects shareholder value and enhances client returns.

It is the responsibility of institutional investors to publicly disclose their policy on how they will discharge their stewardship responsibilities. The monitoring of the investments made by Pictet Asset Management on behalf of our clients is a fundamental part of the investment management service provided to our clients, and this document discloses some of the ways in which we implement our approach to fulfilling our fiduciary obligations, by reference to the seven principles of the UK Stewardship Code (“the Code”) issued by the Financial Reporting Council in July 2010.

Pictet Asset Management is a diverse investment management company with investment expertise that spans a wide range of assets and regions, and includes traditional active, quantitative and passive approaches. Also the size of holdings in terms of percentage ownership of the companies in which we invest ranges widely. The practical application of this code will therefore vary considerably across Pictet Asset Management’s portfolio management teams.

Pictet's Compliance Statement to the Code