Pictet Funds, the wholly-owned fund distribution company of the Swiss private bankers Pictet & Cie, has launched the PF(LUX)-Absolute Return Global Conservative, on the back of the strong track record of the PF(LUX)-Absolute Return Global Diversified fund. This new absolute-return product will pursue a similar investment approach but with a lower risk level. It will target a positive absolute return equal or superior to the EONIA index plus two per cent gross of fees annually, independently of overall financial market conditions. The fund is managed by Gianluca Oderda, Olivier Doleires and Philippe Pol of Pictet Asset Management's Multi Asset and Total Return unit. Exposure to a broad range of diversified risk premia will be obtained by investing in a large selection of investments including derivatives, covering developed and emerging equity markets, as well as fixed-income markets for all the major currencies, maturity ranges and credit qualities. The fund is available to institutional investors and distributors in the UK, as well as to institutional, private banking and retail investors in Switzerland, Austria, Finland, France, Germany, Liechtenstein, Luxembourg, the Netherlands, Portugal, Singapore, Sweden as well as in the UK. The minimum investment for the I share class (institutional investors) is €1 million, with a management fee of 0.40 per cent. There is no minimum investment for the P share class (private investors) with a management fee of 0.800 per cent.