Pictet Asset Management has attached a new fund to its $10 billion actively-managed total return franchise in order to boost its fixed income strategy.
The strategy emphasises emerging markets (EM) and long-short fixed income, assessing them on a macro scale.
The fund, Pictet TR-Sirius, will invest in a wide range of EM sovereign bonds, interest rates and currencies, as it targets generating alpha in all market conditions. It intends to minimise directional bias and avoid downside risk. The fund has no benchmark constraints and aims to exceed the LIBOR overnight rate by 6-8 percent gross return, with an expected annual volatility of 4-6 percent across a 3 to 5-year horizon.
It was launched on 8th August, and is UCITS IV compliant, with weekly liquidity and daily pricing, and is registered for sale across Europe, including in Austria, Belgium, Denmark, France, Germany, Great Britain, the Netherlands, Norway, Spain, Finland and Sweden.
The strategy it is linked to has been led and managed internally from London for the past three years by Ketan Gada, with support from Thibaut Nocella and Rav Singh. The team members have complementary EM backgrounds and will draw on Pictet Asset Management’s emerging market investment resources.
Commenting on the strategy, fixed income CIO, Raymond Sagayam said that the strategy will offer investors participation in the advantages of emerging markets with lower volatility.”: “This strategy testifies to our continued innovation and commitment to emerging markets and the expansion of our total return fixed income franchise.