Internal guidelines regarding trading execution - procedure relative to discretionary mandates and funds. In particular, the procedure concerns the avoidance of conflict of interests, which could be raised in the context of an investment activity, such as fair allocation of IPOs, best trade execution etc. The scope is to guarantee client impartiality and to avoid favoring our own interests or interests of others in the detriment of the clients’. The application of these principles is verified on a random basis during the transaction and portfolio reviews.
Other principles of ethics present in the Swiss legislation have to be respected by PPT’s employees at large. Besides the avoidance of insider trading, another illustration relates to the prevention of front running.
Finally, we would like to conclude on this important topic that integrity and transparency are very much part of our company’s culture. Our objectives as client’ advisors must be in line with those of the recommendations carried out in the exclusive interest of our clients.