Pictet Asset Management’s new fund will invest across euro-denominated investment grade and high-yield credit, as well as money market instruments and sovereign bonds, noted a press release from the firm published on 16 April 2024. Pictet-EUR Income Opportunities, a Luxembourg Sicav (Société d’investissement à capital variable), will invest at least 75% of assets in European credit and is managed by the co-heads of absolute and total return credit Jon Mawby and Charles-Antoine Bory.

“For over a decade, central banks have suppressed bond yields using ultra loose monetary policy,” commented Mawby in the communiqué. “With policy now normalising, exposure to fixed income can once again offer a core role in investors’ portfolios by providing reliable income and diversification.”

The fund is registered for sale in Austria, Belgium, Chile, Cyprus, Finland, France, Germany, Greece, Italy, Liechtenstein, Malta, Netherlands, Peru, Portugal, Singapore, Spain, Sweden, Switzerland and the UK, said the press release.

As of 29 February 2024, Pictet Asset Management managed €254bn in assets and had 18 business development centres worldwide.