Pictet unveils absolute return China fund

Pictet is launching a Luxembourg-domiciled long/short fund focusing on the Greater China region.

The Ucits III fund will be managed by Lan Wang Simond and will invest in companies demonstrating sustainable growth and in start-up industries. Under the fund’s remit, any holdings outside Hong Kong and mainland China must derive a minimum of 30% of their earnings from the Greater China region. The group is launching Pictet Total Return-Mandarin as a play on China’s secular growth story, on the view the ageing population and power-hungry workforce is likely to drive a shift from investment and export-led growth to domestic consumption. “We have created a fund which, we believe, can...