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Pictet Asset Management Launches Short-Term High-Yield Fund
Nick Parmée
14 February 2012
Pictet Asset Management, the London-based asset management arm of Swiss private bank Pictet & Cie, has launched its Pictet-EUR Short Term High Yield fund. The new fund is a Luxembourg-domiciled UCITS-compliant fund, investing in eurozone high yield short-dated bonds, with Roman Gaiser as lead manager. The firm believes that in an environment of moderate growth, low inflation and deleveraging, euro high yield short-dated bonds offer an attractive risk/return profile.