Pictet Asset Management, the asset management arm of the Swiss private bank Pictet & Cie, has launched a tactical global asset allocation fund.
The Luxembourg-domiciled Pictet-Global Flexible Allocation fund is UCITS compliant and aims to maximise returns by actively seeking the best opportunities globally. Pictet says the fund "Will provide Euro-based investors with a high conviction dynamic asset allocation solution to navigate through all market conditions."
The investment team seeks to manage the trade-off between return and risk while seeking to protect assets against downside risk in difficult markets.
Commenting on the launch, Olivier Ginguené, Head of Asset Allocation and Quantitative Investments said: “Global markets are driven by macro economic conditions and events. We believe that a strategy with freedom to invest globally without constraint in all asset classes can deliver a better risk reward profile than more constrained strategies.
The fund will be managed by a small focused team of three asset allocation specialists: Olivier Ginguené, Head of Asset Allocation and Quantitative Investments and a member of the Executive Board of Pictet Asset Management; Eric Rosset, Head of the Balanced team and Steve Donzé, Macroeconomist who specialises in global macro and tactical asset allocation guidance. All three managers are based in Geneva and are core members of the Pictet Asset Management Strategy Unit.
Pictet Asset Management currently manages EUR6.2bn in balanced and multi asset portfolios.
The fund is registered for sale in Austria, Belgium, Finland, France, Germany, Italy, the United Kingdom, Liechtenstein, The Netherlands, Portugal, Singapore, Spain, and Sweden.
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