Pictet Asset Management homes in on emerging markets with new multi-asset fund

Emerging markets

Pictet Asset Management, the investment management arm of the Geneva-headquartered wealth management giant Pictet Group, has launched a new multi-asset fund strategy which taps into opportunities across a range of emerging markets asset classes.

The Pictet Emerging Markets Multi-Asset Fund trades equities, sovereign bonds, credit, commodities, real estate, money markets and currencies across emerging markets globally.

The strategy, which is co-managed by Shaniel Ramjee and Marco Piersimoni, can also hedge its portfolio using options and volatility, as well as invest in developed market bonds and currencies to defend capital during times of stress.

The firm said the new fund, which broadens Pictet’s Multi-Asset offering, aims to remove the pressure of “how, when and where” to allocate within emerging markets. Pictet AM – which manages a range of long-only and hedge fund strategies – added that emerging markets offer the best long-term returns globally amid a lower return environment.

“We believe, in the long-term, emerging markets offer the best value for investors. However, emerging markets can be subject to higher levels of volatility, making asset allocation decisions difficult for investors,” Olivier Ginguené, CIO, Multi Asset and Quantitative Investment at Pictet AM, said of the new launch.

“Our new strategy aims to take the stress out of that process for the investor, by taking those decisions on their behalf and smoothing returns across the economic cycle.”

The Luxembourg-domiciled UCITS fund has so far raised more than USD50 million in a short pre-launch marketing period.

The USD689 billion wealth manager Pictet Group runs a broad spectrum of investment strategies across hedge funds, funds of hedge funds, and funds of private equity funds.

Pictet Asset Management, the investment management arm of the Pictet Group, manages around USD252 billion across an assortment of asset classes and strategies globally.