de Weck enjoys strong first year on Clean Energy vehicle

Pictet manager Philippe de Weck marks a strong first year with a 25% return on Clean Energy portfolio, using global trends to drive performance

Pictet's Philippe de Weck has enjoyed a strong first year on his PF (LUX) Clean Energy vehicle, with growing global trends driving performance across the portfolio. According to the firm, over 12 months to the end of May, Clean Energy returned 25% while its benchmark MSCI World index declined 2%. Launched in May 2007, the portfolio invests in shares of companies that contribute to and profit from the world's transition to less carbon-intensive energy. Over the year, de Weck said bets in wind equipment and solar sectors have boosted returns. The vehicle has over 50% in large caps and...