FORWARD FUNDS INVESTMENT SUB-ADVISORY AGREEMENTInvestment Sub-Advisory Agreement • July 5th, 2006 • Forward Funds • California
This INVESTMENT SUB-ADVISORY AGREEMENT (this “Agreement”), effective as of July 1, 2005 among Pictet Asset Management LTD, a United Kingdom limited liability company, (the “Sub-Adviser”), Forward Funds (the “Trust”), on behalf of the Forward Global Emerging Markets Fund, a series of the Trust (the “Fund”), and Forward Management, LLC (the “Adviser”).
