Worldwide Quantitative assessment January 2018 Banque Pictet & Cie SA (Pictet Trading Strategy) This document is intended for distribution to professional clients, accredited investors, expert investors and institutional investors only and not for distribution to retail investors Please see important disclosure information at the end of this document Unless stated otherwise, all data as of 15 January 2018 Banque Pictet & Cie SA | Trading Strategies 1 Ticker Name Growth EPS MF Value Berkshire Quality Sent Global Industry Country Crncy TWOU US 2U INC 47 59 74 38 43 31 78 45 Diversified Consumer Services US USD 1361 HK 361 DEGREES 49 55 66 68 60 69 91 60 Textiles, Apparel & Luxury Goo CH HKD DDD US 3D SYSTEMS CORP 32 33 100 54 57 40 0 49 Computers & Peripherals US USD III LN 3I GROUP PLC 44 33 13 44 71 46 32 44 Capital Markets GB GBp MMM US 3M CO 58 59 84 29 42 64 74 51 Industrial Conglomerates US USD JOBS US 51JOB INC-ADR 54 59 63 31 42 46 49 46 Professional Services CH USD WUBA US 58.COM-ADR 66 88 86 27 47 40 84 52 Internet Software & Services CH USD EGHT US 8X8 INC 27 36 14 34 49 41 54 31 Diversified Telecommunication US USD ATEN US A10 NETWORKS INC 60 80 25 40 47 43 40 48 Software US USD A2A IM A2A SPA 54 42 76 48 47 52 84 54 Multi-Utilities IT EUR AA/ LN AA PLC 24 21 83 64 58 61 71 49 Commercial Services & Supplies GB GBp 2018 HK AAC TECHNOLOGIES 66 55 25 29 45 44 83 47 Communications Equipment CH HKD AALB NA AALBERTS INDS 52 48 38 31 48 43 49 43 Machinery NE EUR ARL GR AAREAL BANK AG 34 23 5 43 39 37 52 35 Thrifts & Mortgage Finance GE EUR AAN US AARON'S INC 45 46 95 57 51 51 6 55 Specialty Retail US USD ABAX US ABAXIS INC 55 43 22 38 62 61 44 48 Health Care Equipment & Suppli US USD ABB SS ABB LTD-REG 40 45 37 52 49 47 45 Electrical Equipment SZ SEK ABBN SW ABB LTD-REG 34 34 49 47 42 47 85 42 Electrical Equipment SZ CHF ABT US ABBOTT LABS 46 57 59 47 36 48 95 47 Health Care Equipment & Suppli US USD ABBV US ABBVIE INC 61 62 85 42 43 67 65 57 Pharmaceuticals US USD 2670 JP ABC-MART INC 48 38 85 51 64 41 84 54 Specialty Retail JN JPY ANF US ABERCROMBIE & FI 72 89 4 73 46 48 22 61 Specialty Retail US USD ABE SM ABERTIS 52 54 37 46 38 53 64 47 Transportation Infrastructure SP EUR ABMD US ABIOMED INC 80 72 62 22 63 54 29 57 Health Care Equipment & Suppli US USD ABN NA ABN AMRO-CVA 62 68 56 54 51 44 11 56 Banks NE EUR ACIA US ACACIA COMMUNICA 37 36 67 45 72 55 32 48 Semiconductors & Semiconductor US USD ACHC US ACADIA HEALTHCAR 31 26 18 76 42 36 18 45 Health Care Providers & Servic US USD ACAD US ACADIA PHARMACEU 42 50 32 50 43 53 78 45 Biotechnology US USD 002281 CH ACCELINK TECH-A 46 44 1 41 44 36 61 39 Electronic Equipment, Instrume CH CNY ACN US ACCENTURE PLC-A 63 65 74 33 53 59 13 54 IT Services IR USD ANA SM ACCIONA SA 64 71 36 56 47 40 94 55 Electric Utilities SP EUR AC FP ACCOR SA 43 27 63 52 53 46 Hotels Restaurants & Leisure FR EUR ACX SM ACERINOX 68 66 59 58 52 42 75 49 ACKB BB ACKERMANS & VAN 49 63 54 61 44 49 33 60 Metals & Mining SP EUR ACS SM ACS 35 45 26 55 51 61 64 53 Diversified Financial Services BE EUR ATVI US ACTIVISION BLIZZ 49 47 78 23 34 62 78 44 Construction & Engineering SP EUR AYI US ACUITY BRANDS 51 34 98 53 55 60 83 44 Software US USD ACXM US ACXIOM CORP 51 65 80 44 46 40 80 58 Electrical Equipment US USD ADEN SW ADECCO SA-REG 42 40 25 64 59 64 55 50 IT Services US USD ADS GR ADIDAS AG 59 57 82 46 50 48 14 51 Professional Services SZ CHF ADNT US ADIENT PLC 59 56 60 65 65 44 88 55 Textiles, Apparel & Luxury Goo GE EUR ADM LN ADMIRAL GROUP 40 45 69 58 49 45 50 60 Auto Components IR USD ADBE US ADOBE SYS INC 79 78 80 35 45 69 84 50 Insurance GB GBp ADP FP ADP 55 56 39 43 37 48 99 62 Software US USD ADTN US ADTRAN INC 27 30 83 60 46 45 72 47 Transportation Infrastructure FR EUR ADRO US ADURO BIOTECH IN 38 58 3 44 60 57 38 46 Communications Equipment US USD AMD US ADV MICRO DEVICE 52 76 2 41 22 30 40 Biotechnology US USD AAP US ADVANCE AUTO PAR 42 43 58 57 47 47 89 39 Semiconductors & Semiconductor US USD 2311 TT ADVANCED SEMICON 37 37 78 62 64 45 81 49 Specialty Retail US USD ACM US AECOM TECHNOLOGY 27 28 9 66 62 54 54 52 Semiconductors & Semiconductor TA TWD AEGN GA AEGEAN AIRLINES 50 71 63 61 71 18 25 43 Construction & Engineering US USD AEGN US AEGION CORP 45 48 84 61 41 45 54 Airlines GR EUR AGN NA AEGON NV 51 64 34 58 47 45 29 53 Construction & Engineering US USD AENA SM AENA SA 39 38 48 47 51 59 53 50 Insurance NE EUR 8267 JP AEON CO LTD 49 62 83 43 35 45 84 46 Transportation Infrastructure SP EUR 6 49 Food & Staples Retailing JN JPY ment is intended for distribution to professional clients, accredited investors, expert investors and institutional investors only and not for distribution to retail 2 Ticker Name Growth EPS MF Value Berkshire Quality Sent Global Industry Country Crncy 9787 JP AEON DELIGHT CO 56 53 63 53 60 53 53 56 Commercial Services & Supplies JN JPY 8905 JP AEON MALL CO LTD 50 57 30 60 42 26 80 48 Real Estate Management & Devel JN JPY AER US AERCAP HOLDINGS 62 51 88 60 41 38 55 60 Trading Companies & Distributo NE USD AVAV US AEROVIRONMENT IN 49 68 25 34 48 41 70 41 Aerospace & Defense US USD AES US AES CORP 23 29 88 63 18 34 55 42 Independent Power Producers & US USD AET US AETNA INC 68 75 20 33 27 58 71 48 Health Care Providers & Servic US USD AMG US AFFIL MANAGERS 64 61 83 55 52 54 48 61 Capital Markets US USD AFL US AFLAC INC 39 43 73 47 76 44 26 49 Insurance US USD AGCO US AGCO CORP 55 62 76 41 40 44 73 50 Machinery US USD AGS BB AGEAS 30 40 26 59 53 44 29 42 Insurance BE EUR AGK LN AGGREKO PLC 29 27 92 78 53 38 1 53 Commercial Services & Supplies GB GBp 3383 HK AGILE PROPERTY 68 86 42 48 39 41 84 54 Real Estate Management & Devel CH HKD A US AGILENT TECH INC 51 55 94 34 47 47 95 49 Life Sciences Tools & Services US USD AEM CN AGNICO EAGLE MIN 66 78 74 33 52 40 1 53 Metals & Mining CA CAD ADC US AGREE REALTY 42 40 50 33 51 39 41 Real Estate Investment Trusts US USD 1288 HK AGRICULTURAL-H 47 50 23 60 46 42 48 Commercial Banks CH HKD 1299 HK AIA GROUP LTD 64 68 38 47 53 44 8 53 Insurance HK HKD 300015 CH AIER EYE HSPTL-A 75 72 22 27 54 44 18 50 Health Care Providers & Servic CH CNY 8515 JP AIFUL CORP 52 65 8 40 26 44 8 41 Consumer Finance JN JPY AIMT US AIMMUNE THERAPEU 31 31 12 50 43 28 30 36 Biotechnology US USD AAREIT SP AIMS AMP CAPITAL 33 37 50 55 47 49 44 Equity Real Estate Investment SI SGD 9627 JP AIN PHARMACIEZ 44 32 97 47 57 53 90 52 Food & Staples Retailing JN JPY 601111 CH AIR CHINA LTD-A 56 66 15 50 53 51 82 49 Airlines CH CNY 753 HK AIR CHINA LTD-H 55 64 34 54 52 51 52 Airlines CH HKD AF FP AIR FRANCE-KLM 40 26 59 61 50 45 71 50 Airlines FR EUR AL US AIR LEASE C 63 52 89 52 48 40 17 59 Trading Companies & Distributo US USD AI FP AIR LIQUIDE SA 48 48 46 51 46 41 7 48 Chemicals FR EUR APD US AIR PRODS & CHEM 57 59 89 37 58 53 46 54 Chemicals US USD 4088 JP AIR WATER INC 37 37 77 52 50 49 25 48 Chemicals JN JPY AIR FP AIRBUS GROUP NV 36 38 46 48 37 45 13 42 Aerospace & Defense FR EUR 7259 JP AISIN SEIKI CO 58 58 65 63 63 39 90 59 Auto Components JN JPY 2802 JP AJINOMOTO CO INC 42 39 68 54 57 36 Food Products JN JPY 538 HK AJISEN CHINA HOL 58 62 32 76 76 62 73 49 AKS US AK STEEL HLDG 44 41 6 55 40 39 63 Hotels Restaurants & Leisure HK HKD AKAM US AKAMAI TECHNOLOG 43 33 98 55 54 39 73 43 Metals & Mining US USD AKSO NO AKER SOLUTIONS A 38 39 56 55 40 52 27 53 Internet Software & Services US USD AKA FP AKKA TECHNOLOGIE 53 68 66 48 21 48 0 47 Energy Equipment & Services NO NOK AKRX US AKORN INC 52 38 9 49 41 57 56 49 Professional Services FR EUR AKZA NA AKZO NOBEL 32 20 38 49 55 41 98 46 Pharmaceuticals US USD ALRM US ALARM.COM HOLDIN 64 70 100 33 44 48 6 41 Chemicals NE EUR ALK US ALASKA AIR GROUP 43 28 94 69 71 42 3 55 Internet Software & Services US USD ALB US ALBEMARLE CORP 48 59 18 13 47 36 99 59 Airlines US USD AA US ALCOA INC 56 71 62 58 53 48 84 33 Chemicals US USD ALD LN ALDERMORE GRO 60 58 79 56 48 60 74 56 Metals & Mining US USD ARE US ALEXANDRIA REAL 40 43 50 26 29 27 40 60 Banks GB GBp ALXN US ALEXION PHARM 66 68 97 57 36 50 34 Real Estate Investment Trusts US USD ALFA SS ALFA LAVAL AB 26 32 42 40 33 52 90 62 Biotechnology US USD BABA US ALIBABA GRP-ADR 80 80 91 31 47 58 18 35 Machinery SW SEK ALGN US ALIGN TECHNOLOGY 76 77 74 11 61 42 88 61 Internet Software & Services CH USD ATD/B CN ALIMEN COUCHE-B 75 72 50 51 58 45 19 51 Health Care Equipment & Suppli US USD Y US ALLEGHANY CORP 38 44 7 47 48 44 35 61 Food & Staples Retailing CA CAD ATI US ALLEGHENY TECH 44 56 45 41 33 40 57 39 Insurance US USD ALGT US ALLEGIANT TRAVEL 48 32 19 64 61 55 79 42 Metals & Mining US USD ALLE US ALLEGION PLC 64 56 21 37 36 53 62 52 Airlines US USD 67 48 Building Products IR USD ment is intended for distribution to professional clients, accredited investors, expert investors and institutional investors only and not for distribution to retail 3 Ticker Name Growth EPS MF Value Berkshire Quality Sent Global Industry Country Crncy AGN US ALLERGAN INC 42 44 91 64 51 37 81 54 Pharmaceuticals US USD ADS US ALLIANCE DATA 50 49 90 69 35 67 3 60 IT Services US USD AB US ALLIANCEBERNSTEI 57 62 50 76 68 50 68 62 Capital Markets US USD LNT US ALLIANT ENERGY 32 27 79 45 46 40 14 43 Multi-Utilities US USD ALV GR ALLIANZ SE-REG 46 36 4 54 65 44 63 46 Insurance GE EUR ALSN US ALLISON TRANSMIS 71 78 83 54 46 64 5 64 Auto Components US USD ALLN SW ALLREAL HOLD-REG 40 40 39 34 51 57 36 41 Real Estate Management & Devel SZ CHF MDRX US ALLSCRIPTS HEALT 47 62 99 58 35 42 52 54 Health Care Technology US USD ALL US ALLSTATE CORP 65 71 75 50 74 44 7 60 Insurance US USD ALLY US ALLY FINANCIAL I 50 53 60 50 32 38 6 48 Consumer Finance US USD ALM SM ALMIRALL SA 33 46 54 50 61 31 71 43 Pharmaceuticals SP EUR AFAM US ALMOST FAMILY IN 40 37 89 38 28 40 33 43 Health Care Providers & Servic US USD ALPHA GA ALPHA BANK A.E.