Swiss-based Pictet Asset Management is about to launch its Asia-biased global asset-allocation strategy and its first Hong Kong-domiciled fund.
The Pictet Strategic Income fund is scheduled to go public on September 19, according to a report on the website «Asia Asset Management». Amy Cho (pictured above), Pictet Asset Management's managing director and regional head, APAC ex-Japan, said that the vehicle allows the company to offer an offshore RMB share class to retail investors, who increasingly view risk management and investment returns as equally important amid prolonged market volatility and persistently low interest rates.
With Downside Protection
«Under the current regulatory regime, a Hong Kong-domiciled fund also paves the way for our participation in the Mutual Recognition of Funds [scheme further] down the road,» Cho added. Pictet's global assets in asset management amounted to approximately $159 billion as at end-June 2016.
The fund aims to deliver growth and income with downside protection, and has the remit to invest in a wide spectrum of securities ranging from sovereign and corporate bonds to equities, as well as direct and indirect alternatives such as aircraft financing
