Asset Management Awards for Excellence 2017 – Best Fund Provider – Thematic Equity

Pictet Asset Management

Audrey Wong, Vice President

Audrey Wong
Vice President

While the global economy undergoes a transformation change, fuelled by rising populism, tightening monetary policy, fiscal spending boosts and a restructuring of foreign trade and political ties, investors are understandably lacking in courage to make broad sustaining macro bets – especially after a year when many missed calls on market-moving events such as Brexit and a Trump election. Even so, a number of underlying trends are expected to prevail, irrespective of mainstream market headwinds.

These themes, or megatrends, are unlikely be derailed by political change for the fact that they are driven by long-term social, demographic, environmental and technological structural forces. Labour market headwinds could be offset by robotics innovations – a market that is expected to grow at 17% CAGR to reach US$135.4 billion by 2019. An ageing population that requires medical care and a rise in exotic diseases is driving the biotechnology market, which some project will exceed US$775 billion by 2024, growing 9.9% CAGR between 2016 and 2024.

Unlike its private bank – well-known for its old school Swiss heritage – Pictet Asset Management is rapidly being recognised as household name for thematic strategies that focus on future megatrends and innovations. The asset manager’s capabilities extend beyond robotics and biotechnology to include issues relating to water, agriculture and artificial intelligence.

Its pedigree in this space has not gone unnoticed, with private banking fund selectors in Asia selecting Pictet Asset Management as this year’s Best Fund Provider – Thematic Equity.