So investiert der Pictet CH Institutional - Global Corporate Bonds ex CHF Tracker Z CHF Fonds: The subfund aims to track the economic exposure of the Bloomberg Global Aggregate Corporate ex CHF index in CHF index for units not hedging currency risk and the Bloomberg Global Aggregate Corporate ex CHF Hedged in CHF and Bloomberg Global Aggregate Corporate ex CHF TR Index Hedged EUR for units intended to hedge currency risk89 and invests at least two-thirds of its total assets in: • bonds, notes, and other fixed or variable-interest debt instruments and rights denominated in foreign currencies and issued by private and public borrowers; The bonds must be investment grade – i.e. bonds which, at the time of purchase, are defined as such by the issuer of the sbenchmark index. • derivative financial instruments (futures, forward currency interest rate swaps) on the aforementioned investments.