Pictet launches non-benchmarked absolute return fund

Pictet has launched an Absolute Return Global Conservative fund, a lower risk version of its existing...

Pictet has launched an Absolute Return Global Conservative fund, a lower risk version of its existing Absolute Return Global Diversified fund, which was brought to market in March last year. The Luxembourg-domiciled fund, which will be launched on the 31 October, will have a similar investment process to the Global Diversified vehicle. It will not run against a benchmark, although it aims to achieve an absolute return target of 2% above the EONIA index over a 12-month period. The fund will be exposed to diversified risk by investing in derivatives, developed and emerging equity markets,...