Pictet adds Asian neutral fund to Total Return range

China bicyclesPictet Asset Management has expanded its Total Return fund range with the launch of PTR-Phoenix, an equity market neutral fund investing in Asia.

China bicyclesPictet Asset Management has expanded its Total Return fund range with the launch of PTR-Phoenix, an equity market neutral fund investing in Asia.

The fund managers use local insights and fundamental analysis to identify leading structural themes in Asia (such as the surge in Chinese tourists to Japan, or Hong Kong’s retail woes), and assess their impact on industries and companies. Each theme is then expressed through a combination of long and short positions, with the aim of reducing market risk and generating alpha.

PTR-Phoenix is managed out of Singapore by a three-member team, led by James Kim, who has more than 20 years of experience investing in Asian equities. He is joined by Tai Panich and Jing Wang. Together, the team managed a similar strategy for three years prior to joining Pictet AM.

Launched on November 5, 2015, the fund is Ucits IV compliant, with weekly liquidity and daily pricing.

The fund is currently registered for sale in Austria, Belgium, France, Great Britain, Italy, Luxembourg, Netherlands, Portugal, Singapore, Spain and Germany.

This is the sixth fund to be launched as part of Pictet Asset Management’s Total Return fund range, following Kosmos (global long/short credit), Corto Europe (European mid-caps) and Mandarin (Greater China), and market neutral funds Agora (Europe long/short) and Diversified Alpha (multi-strategy).

“As Asian equity markets have expanded and liquidity has improved, the region now makes a market neutral long/short investment strategy a viable and attractive proposition,” says James Kim.

©2015 funds europe