So investiert der Manager Select - Pictet Asset Management - Normalised Risk Multi Asset (NORMA) A EUR Acc Fonds: The investment objective of the Compartment is to enable investors to benefit from the growth of the financial markets under a multi asset framework. The Investment Manager intends to provide the best risk adjusted return on capital invested. In order to achieve this goal, the Compartment adopts a fully flexible asset allocation strategy that also takes into consideration the riskiness of the financial markets. The Compartment aims to collect risk premia within a process that imbeds draw-down management features through signal driven portfolio de-risking and tail-risk management strategies.