Pictet Asset Management has launched a euro-denominated fixed income fund, primarily offering access to a range of investment grade and high yield credit.
The Pictet-EUR Income Opportunities fund invests at least 75% of assets in European credit, reflecting the firm's belief the sector offers "attractive" yields and an "enhanced" risk/return ratio versus government bonds. Pictet AM nears peak AT1 bonds allocation as banks recover from 2023 crisis However, the fund retains the ability to invest in sovereign bonds and money market instruments in order to reduce volatility in periods of market stress. It also seeks to address currency risk by only investing in euro-denominated bonds. Managed by Jon Mawby and Charles-Antoine Bory, the in...
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