Enhanced management report
As we recently announced, the standard classification of asset classes has been enhanced to bring it more into line with best market practices. Already available in the “Positions” and “Performance and contribution by position” views in Pictet Connect, as well as in the financial statements, this new classification is now available in the management report.
The cash legs of derivatives are now grouped in a specific class called “Cash equivalent derivatives”.
This new class includes bonds, convertible bonds, bond options and bond funds. In each of these categories, assets are then broken down by currency.
Equities are first classified by type of market and region, and then by country.
This new class includes hedge funds, private equity, real estate, commodities and structured products. Hedge funds are then classified by strategy, and real estate by country.
This new class includes funds made up of multiple asset classes, such as balanced funds.
This new class includes all other holdings that do not fall under the above classes.