Monday, 29 August 2016
Last updated 18 min ago
Sep 23 2010 | 1:28pm ET
Pictet & Cie has launched a UCITS III-compliant China-focused hedge fund.
The Swiss private bank unveiled its Pictet Total Return Mandarin Fund yesterday. The new Greater China stock fund is based on an existing Pictet fund and is headed by fund manager Lan Wang Simond.
“The underlying fund has a very successful track record, and there was a lot of demand from institutional clients, but many could not invest in offshore funds, so we have now launched it as a UCITS,” Simond told Reuters.
The fund is currently betting that the worst for the Chinese economy is over. In particular, Simond likes companies involved in the growing internal consumer markets in mainland China.