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Pictet lists absolute return fund on Ascentric

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Pictet Funds, the investment fund distribution arm of Pictet & Cie, has listed the PF (Lux) Absolute Return Global Diversified Fund on the IFA platform Ascentric.

Ascentric is an asset consolidation service for advisers that offers a full wrap platform service, and is now the first IFA platform to offer the ARGD fund for sale in the UK.
The fund targets a return of four per cent over Libor over a three to five year time frame and is managed by Pictet’s dedicated multi asset and total return team, part of Pictet Asset Management’s Geneva-based balanced and quantitative investment unit. The team is composed of seven members, headed by Gianluca Oderda.

Paul Gaston, UK sales director at Pictet Funds, says: ‘We believe that this fund will be as popular with investors in the UK as it has been in Europe since its launch in 2006. By joining the Ascentric platform we are significantly widening the access of UK investors to one of Pictet’s most successful funds.’
Richard Goodall, sales director at Ascentric, adds: ‘We are very pleased to be the first UK platform to offer Pictet’s ARGD fund. The availability of this fund complements our unbiased and unrestricted approach to the market and I am sure that our IFA users will see this as a valuable addition to the Ascentric platform.’ 

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