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Pictet Expands Total Return Range

Amisha Mehta Deputy Editor 25 November 2016

Pictet Expands Total Return Range

The asset management arm of Geneva-headquartered Pictet has added its seventh fund to the total return range.

Pictet Asset Management has launched the Pictet Total Return Atlas fund, a long/short global equity fund targeting long-term capital growth. 

The UCITS-compliant fund aims to take advantage of mispriced stocks by combining top-down analysis with bottom-up fundamental stock-picking. It will be managed out of Geneva by a team of four under the leadership of Matthieu Fleck.

The team will adjust portfolio exposure across regions and sectors using top-down macro analysis, including business cycle indicators and liquidity conditions. They will focus on capital preservation in down markets.

The fund, which comes with daily liquidity and daily pricing, is available to investors in Austria, Belgium, Denmark, France, Germany, Great Britain, Luxembourg, Netherlands, Norway, Spain and Sweden.

It is the seventh to be launched as part of Pictet Asset Management’s total return fund range, which had combined assets under management of $6.1 billion as at 30 September 2016. 

“Global equity markets continue to be volatile, driven by increasingly short business cycles and a global shift from monetary to fiscal policy,” said Fleck.

“This underlines the case for our long/short approach, which takes account of the top-down environment to drive our portfolio positioning and identifies where we are best rewarded to take risk, combined with rigorous bottom-up stock analysis to assess the relationship between price and fundamentals.”

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