* The profitability shown is net of commissions.
The equity exposure will be at least 75%, exclusively in companies in the agri-food and water sector. The portfolio will be diversified in companies producing, processing and marketing agricultural products, as well as suppliers of machinery, equipment and fertilizers, and, up to 20%, in any company related to the water sector, with the exception of those operating under the utility model, i.e., which are regulated, and which normally operate under a public concession contract. There will be no limit in terms of geographic distribution or capitalization. Panda Agriculture & Water Fund is not a commodity fund, it invests in leading global agriculture and water companies..
