Pictet Asset Management has made available to investors in Spain a global absolute return strategy investing in emerging markets debt.
Pictet-Total Return Sirius, which is domiciled in Luxembourg, is a long/short fixed income fund that complies with the Ucits IV regulation with regards to daily valuation and weekly liquidity, transferable with deferral of capital gains.
The Fund aims at generating an excess return with respect to the risk assumed in all market conditions, minimising sensitivity to interest rates and market variations, as well as avoiding falls.
The strategy invests in a wide range of sovereign and quasi-sovereign bonds, money market instruments and currencies, with no benchmark or credit rating constraints . It seeks to beat the one-day LIBOR monetary index, with an annual gross return estimated at 6 to 8% with a volatility of 4 to 6% in three to five years.
Ketan Gada will be the lead fund manager supported by Thibaut Nocella and Rav Singh. It has a management fee of 1.1% for both institutional and retail clients.