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Pictet Adds Raft Of Funds To Nucleus Wrap Platform
Wendy Spires
6 May 2009
Pictet Funds, the investment fund distribution arm of Swiss private bank Pictet & Cie, has announced the listing of nine of its funds on the Nucleus wrap platform. Among the Pictet funds now available on the platform is the recently launched Global Megatrend Selection Fund, a Luxembourg-domiciled fund of funds which gives investors an equally-weighted share of each of Pictet’s eight thematic sector funds. “This is great news for investors who will now have greater access to our range of funds through the Nucleus platform. We are experiencing considerable demand for Pictet Funds products in the UK, particularly the Global Megatrend Selection Fund, which provides investors with diversified exposure to all of our thematic funds,” said Paul Gaston, UK sales director at Pictet Funds. Also added to Nucleus are Pictet’s Biotech, Clean Energy, Digital Communications, Generics, Premium Brands, Security and Water funds. Pictet Funds distributes more than 90 investment funds and has over SFr64 billion ($56.5 billion) in assets under management, most of which is managed by Pictet Asset Management. Nucleus currently offers access to over 2,200 funds.