Ethos Quarterly Publications as of June 30, 2007

The Ethos Quarterly presents an overview of current issues with regard to responsible investment and active shareholding. In particular, the current issue includes the following articles:

Editorial

• The Limits of Self-Regulation

Corporate Governance

• Remuneration: Economiesuisse Misses its Target
• Shareholder Resolutions on «Say on Pay»: Excellent Results
• Employees of the Textile Industry: Fashion Victims
• Disclosure Requirements on Participations Tightened

Socially Responsible Investment

• Evaluation-Criteria for Environmental, Social and Governance Issues
• Small & Mid Caps: Specific Challenges
• Small & Mid Caps: The Industry-Leaders
• Investing with Success

General Meetings

• Highlights of the Quarter
• Quarterly Review of General Meetings Analysed by Ethos
• Freedom of Expression in the Internet

The Ethos Investment Focus (only available in French or German) is the management report of the various segments of the Ethos institutional investment fund and of the Pictet-Ethos (CH) Swiss Sustainable Equities investment fund. The continued strong performance of the different Swiss Equity segments (in absolute and relative terms) is particularly noteworthy.