So investiert der Pictet CH Institutional - World ex Swiss Equities Tracker Z USD Fonds: The subfund aims to track the performance of the MSCI World ex-Switzerland55 index as closely as possi ble and invests at least two-thirds of its total assets in: • equities and other equity-type securities and rights (shares, dividend-right certificates, shares in coop eratives, participation certificates, etc.) issued by companies included on or strongly correlated with the benchmark index; • units of other collective investment schemes which according to their documents invest their assets or a part thereof in accordance with the guidelines of these subfunds, including ETFs; • derivatives (including warrants and futures) on the above investments.