View more on these topics

Pictet launches large-cap American fund

Pictet Funds has launched an American large-cap vehicle for retail investors.

Pictet Funds has launched an American large-cap vehicle for retail investors.

The PF (Lux) US Equity Value Selection fund is run by Susan Byrne, Mark Freeman and David Spika at Westwood Management, a wholly-owned subsidiary of Pictet.

The trio will invest in American companies with a market cap of about $5 billion (£3 billion) which they believe to be valued at a discount to their forecast profitability.

The fund’s portfolio will consist of 40-60 ‘best ideas’ with each stock size capped at 3% of the fund.

Retail investors can access the fund as it is registered in Britain and there is no minimum investment. The annual management fee is 1.2%

Related Articles:
Pictet launching agriculture fund
Pictet adds to thematic range


Clear intentions

Looking back, it is hard to remember a time when the integrity of our industry has been the subject of such intense scrutiny. This comes from our critics, among our peers and, perhaps most significantly, in the eyes of the ever more financially aware consumer. Sometimes, I think this must be how it feels to be an MP.


Turner says SEP fee increases are a “one-off”

FSA chairman Adair Turner says that FSA fee increases are a one-off and the industry will not face further rises for the supervisory enhancement program in the future.

Investment clock economic update

In the latest Investment Clock economic update, Ian Kernohan, Senior Economist at Royal London Asset Management, discusses the implications of the US Federal Reserve’s recent hike in interest rates and upcoming French presidential election. The value of investments and the income from them is not guaranteed and may go down as well as up and […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers. Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm