The fund, which is a Luxembourg domiciled UCITS fund, is the latest addition to Pictet AM’s Thematic franchise, which now has combined assets under management of $62 billion, the firm said in a statement.

It is registered for sale in Austria, Belgium, Cyprus, Denmark, Finland, France, Germany, Greece, Ireland, Italy (professional only), Liechtenstein, Luxembourg, the Netherlands, Norway, Spain, Sweden, Switzerland, and the UK.

Pictet-ReGeneration, which comes under the Article 9 category of the EU’s Sustainable Financial Disclosure regulation, targets companies that are helping to reduce and create more sustainable consumption of natural resources. This includes repurposing products or extending their useful lives, providing services to develop a more circular economy and producing more renewable resources. The fund will also allocate capital to companies facilitating greater social and economic inclusion, empowering more people to be part of the transition to a regenerative economy, the firm continued.

The firm believes that the trend towards a regenerative economy is unavoidable, and companies that contribute the most to the transition will benefit from superior growth over time. In addition to targeting an attractive return, the team said it will engage with companies to encourage more sustainable business models and practices.

The strategy is managed from Geneva by senior investment manager Gabriel Micheli, as well as Claire Chamberlin, an investment manager and Viktoras Kulionis, an investment manager and senior environmental economist.