Pictet Asset Management has launched a global equity fund utilising artificial intelligence for stock selection to create an “enhanced” index strategy tracking the MSCI World.
The Pictet-Quest AI Driven Global Equities fund seeks to "harness the scale and efficiency of artificial intelligence for stock selection" and targets a 1.5% return above the index. "Enhanced indexation" is used in the fund rather than replication, which the firm claimed to be a "more powerful replacement", as an additional 1% in performance can be meaningful in a "low growth environment " for equities. Pictet AM unveils European blended fixed income fund Pictet AM's Quest (Quantitative Equity Strategies) investment team has developed a proprietary stock selection model and a "tran...
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