Pictet launches Japanese equity market neutral fund

Swiss fund house Pictet Asset Management has launched a Japanese equity fund.

The TR Akari fund, a Ucits-compliant market neutral fund with weekly liquidity, is the eighth fund to be launched as part of Pictet’s US$10.3 billion (€7.92 billion) Total Return fund range.

The fund aims to achieve long-term capital growth with low equity market correlation, by combining bottom-up stock selection with Japanese market specific technical factors.

It will provide exposure to liquid and mainly large-cap stocks while targeting overall beta neutrality.

The fund will be managed by Tokyo-based Teruhiko (Eric) Nishimura and Tomohiro (Tomo) Yamaguchi.

Nishimura said: “We believe that Japan provides structural and cyclical opportunities to extract pure alpha.” 

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

This is the eighth fund to be launched as part of Pictet Asset Management’s Total Return fund range, which now has a combined AUM of USD 10.3 billion at 31st August 2018. It joins the market neutral funds, Agora (European equity), Diversified Alpha/Alphanatics (multi-strategy) and Phoenix (Asian equities).

©2018 funds europe

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