NEW
YORK, Feb. 6, 2024 /PRNewswire/ -- Pictet Asset
Management ("Pictet AM") has launched its first suite of four
collective investment trusts (CITs) to the US institutional
retirement market. SEI Trust Company will serve as trustee for
these CITs.
Pictet AM, a leading active asset manager began
investing in emerging markets in the mid-1980s and has since
developed a range of fixed income and equity EM investment
strategies. In the 1990s, Pictet AM pioneered thematic equity
strategies offering investors the opportunity to capitalise on the
most powerful trends shaping our world.
Pictet AM has chosen SEI as a partner for the
launch of Pictet Clean Energy Transition CIT, Pictet Emerging
Markets Debt Blend CIT, Pictet Emerging Markets Debt Local Currency
CIT and Pictet Emerging Markets Hard Currency Debt CIT.
- The Pictet Clean Energy Transition CIT invests in companies
leading the clean energy transition. The strategy supports the
structural change towards a sustainable and low-carbon
economy.
- The Pictet Emerging Markets Debt Blend CIT invests across the
full spectrum of EM fixed income assets including hard currency
sovereign and corporates as well as locally denominated bonds and
currencies. The vehicle offers active asset allocation across the
EM universe, providing access to a broad opportunity set.
- The Pictet Emerging Markets Debt Local Currency CIT primarily
invests in locally denominated bonds and currencies. The vehicle
may also invest in off-benchmark positions including hard currency
sovereign and corporates with a maximum off-benchmark total of
30%
- The Pictet Emerging Markets Hard Currency Debt CIT primarily
invests in USD denominated sovereign bonds. The vehicle may also
invest in off-benchmark positions including hard currency
corporates as well as locally denominated bonds and currencies with
a maximum off-benchmark total of 30%.
"We are excited to offer US institutions the
opportunity to access proven Pictet Asset Management strategies
that were previously only available to the largest institutions via
mandates," explained Elizabeth
Dillon, CEO of Pictet Asset Management (USA) Corp. "Launching these vehicles further
reinforces our commitment to the US institutional market."
"Asset managers are enhancing distribution by
launching multiple share classes in various asset classes and
investment strategies," added John
Alshefski, Senior Vice President and Managing Director of
SEI's Traditional Investment Managers business. "Our established
turnkey operational platform and experienced, professional team of
experts enable global investment managers, retirement plans,
consultants, and advisors an efficient way to gain access to SEI's
extensive CIT line-up. We're excited to welcome Pictet Asset
Management to SEI and look forward to servicing and supporting
their CIT business."
Note to Editors
About Pictet Asset Management & the
Pictet Group
Pictet Asset Management includes all the
operating subsidiaries and divisions of the Pictet group that carry
out institutional asset management and fund management. Pictet
Asset Management Limited is authorised and regulated by the UK's
Financial Conduct Authority.
At December 31,
2023, Pictet Asset Management managed USD274/CHF230/EUR248/GBP215
billion in assets. Pictet Asset Management has eighteen
business development centres worldwide, extending from London, Brussels, Geneva, Frankfurt, Amsterdam, Luxembourg, Madrid, Milan, Paris
and Zurich to Hong Kong, Taipei, Osaka, Tokyo,
Singapore, Shanghai, Montreal and New
York.
The Pictet Group is a partnership of
owner-managers, with principles of succession and transmission of
ownership that have remained unchanged since foundation in 1805. It
offers only wealth management, asset management, alternative
investment solutions and related asset services. The Group does not
engage in investment banking, nor does it extend commercial loans.
With USD 691 (CHF 632, EUR 653,
GBP 566) billion in assets under
management or custody as at 30 September
2023, Pictet is today one of the leading Europe-based independent wealth and asset
managers for private clients and institutional investors.
Headquartered in Geneva, Switzerland, and founded there, Pictet
today employs over 5,300 people. It has 30 offices worldwide, in
Amsterdam, Barcelona, Basel, Brussels, Dubai, Frankfurt, Geneva, Hong
Kong, Lausanne, London,
Luxembourg, Madrid, Milan, Monaco, Montreal, Munich, Nassau, New
York, Osaka, Paris, Rome,
Shanghai, Singapore, Stuttgart, Taipei, Tel
Aviv, Tokyo, Turin, Verona and Zurich.
About SEI®
SEI (NASDAQ:SEIC)
delivers technology and investment solutions that connect the
financial services industry. With capabilities across investment
processing, operations, and asset management, SEI works with
corporations, financial institutions and professionals, and
ultra-high-net-worth families to help drive growth, make confident
decisions, and protect futures. As of Dec.
31, 2023, SEI manages, advises, or administers approximately
$1.4 trillion in assets. For more
information, visit seic.com.
About SEI Trust Company
SEI
Trust Company (the Trustee) serves as the Trustee of the Trust and
maintains ultimate fiduciary authority over the management of, and
the investments made, in the Trust. The Trust is part of a
Collective Investment Trust (the Trust) operated by the Trustee.
The Trustee is a trust company organized under the laws of the
Commonwealth of Pennsylvania and a
wholly owned subsidiary of SEI Investments Company (SEI).
CONTACT
Sarah Weigall
Media Relations, Group Communications, Pictet Group
+44 20 7847 5412
sweigall@pictet.com
Zach Allegretti
JConnelly
973 850 7341
zallegrettiii@jconnelly.com
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SOURCE Pictet Asset Management