Wealth Manager - the site for professional investment managers

Register for full access to Citywire’s Fund Manager database, news and analysis. Registration is free and only takes a minute.

Pictet launches short-duration EMD fund for Defise

Pictet launches short-duration EMD fund for Defise

Alain-Nsiona Defise will run a new short-duration emerging-market bond fund at Pictet Asset Management, Wealth Manager can reveal.

The Pictet Short Term Emerging Corporate Bonds fund will invest predominantly in short-term emerging corporate debt, with a maximum duration of three years.

‘This new fund aims to offer investors stable income generation and lower volatility compared to longer-term emerging market corporate debt,’ commented Defise.

‘The fund is well diversified and invests across all sectors and emerging markets globally.’

Defise, recruited from JP Morgan to become Pictet’s head of emerging corporate debt in 2012, will manage the fund alongside a team of seven.

He also runs the £656 million Pictet Emerging Corporate Bonds fund, which since inception in November 2012 has returned 1.5% compared with 4.4% from its benchmark JP Morgan CEMBI Broad Diversified Composite index.

The fund’s management fee is 0.55%.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Investment Pulse: the highs and lows of 2014

Investment Pulse: the highs and lows of 2014

This week's Investment Pulse looks back at some of the biggest stories of the year as well as looking forward to 2015.

Play Inside ETFs: Why the US bull-run still has legs

Inside ETFs: Why the US bull-run still has legs

Global equities suffered a sharp sell-off in the third quarter but exchange traded fund investors are continuing to back the US to outperform in 2015

Play Paul Niven: I won't rip up the Foreign & Colonial Trust history book

Paul Niven: I won't rip up the Foreign & Colonial Trust history book

The newly appointed manager of the Foreign & Colonial trust talks about his plans for UK's oldest investment company.

Your Business: Cover Star Club

Manchester wealth firm hires Coutts director for London launch

Manchester wealth firm hires Coutts director for London launch

Former Coutts director Tony Robinson has joined Chartered Wealth Management to head the company’s newly opened London office.

Wealth Manager on Twitter