Harcourt, the alternative business of Switzerland’s Vontobel
Asset Management, has launched two UCITS funds, the Vontobel Fund - Pure
Momentum Strategy and the Vontobel Fund - Pure Dividend Strategy.

With the launch, the firm hopes to provide investors with
more transparent, liquid and cost-efficient alternative strategies.

The two funds will be complemented by a new product later on
and will offer diversification benefits to institutional and private clients.
The funds are part of Harcourt’s new product line called "Research-Driven Strategies",
which are opposed to traditional funds, in which performance is based on fluctuations in asset classes such as equities and bonds.

The Pure Momentum Strategy invests primarily in liquid asset
classes such as equities and fixed income, while the Pure Dividend Strategy
invests globally in companies with higher-than-expected average dividend yields
with the aim to provide stable returns during times of low interest rates.

Both funds are actively managed, with investments made
strictly according to rule-based methodologies. Consequently, the funds aim to achieve a
risk-adjusted return exceeding the 3-months LIBOR by 3 to 5 per cent.

As of 30 June 2013, Harcourt manages assets in excess of
CHF3.4 billion.