Pictet Asset Management has announced the launch of Pictet-ReGeneration, a Luxembourg-domiciled concentrated global equity fund investing in companies aiding the transition to a regenerative economy. The fund is the latest addition to Pictet AM’s Thematic franchise, which now has a combined assets under management of some 62 billion dollars.
The fund, Pictet-ReGeneration, is classified as an Article 9 impact Ucits fund under the EU’s sustainable finance disclosure regulation. It targets companies that are helping to reduce and create more sustainable consumption of natural resources. This includes repurposing products or extending their useful lives, providing services to develop a more circular economy and producing more renewable resources.
The fund will also allocate capital towards companies facilitating greater social and economic inclusion, empowering more people to be part of the transition to a regenerative economy, said Pictet.
“We believe investors have an important role to play in supporting companies that help regenerate ecosystems and create more resilient societies,” Gabriel Micheli, senior investment manager for the fund, said, referring to a rapid decline in biodiversity cased by over-consumption of the world’s natural resources.
Unavoidable
The trend towards a regenerative economy is unavoidable, Pictet said, adding that companies that contribute the most to the transition will benefit from superior growth over time. In addition to targeting an attractive return, the team will engage with companies to encourage more sustainable business models and practices.
The strategy is managed out of Geneva. Gabriel is joined by Claire Chamberlin, Investment Manager and Viktoras Kulionis, Investment Manager and Senior Environmental Economist.
Pictet-ReGeneration is a Luxembourg domiciled UCITS fund. The fund is registered for sale in Austria, Belgium, Cyprus, Denmark, Finland, France, Germany, Greece, Ireland, Italy (professional only), Lichtenstein, Luxembourg, Netherlands, Norway, Spain, Sweden, Switzerland, and the UK.