So investiert der Pictet - Climate Government Bonds HI EUR Fonds: The Fund mainly invests in bonds and other debt securities: • Issued or guaranteed by governments or by regional or local governments having a minimum credit rating at the time of acquisition, equivalent to “B-“as defined by Standard & Poor’s or an equivalent credit rating from other recognized rating agencies. When there is no official rating system, the Investment Managers will decide on acquiring transferable securities with identical quality criteria; • Of countries which are reducing their greenhouse gas emissions and carbon intensity (net of land and forestry management); or • Of countries which are, in the opinion of the Investment Manager, in the process of implementing policies that may lead to a meaningful improvement in reducing CO2 emissions, for example, a country legislating on their carbon policies which not yet represented in the data.