Asset Management Awards for Excellence 2023 – Best Fund Provider – Thematic Provider

Best Fund Provider Thematic Provider


Pictet Asset Management

Best Fund Provider – Thematic Provider

Freeman Tsang

head of Intermediaries, Asia ex Japan

“We are honoured and proud to be recognised as the best thematic fund provider by Asian Private Banker for the sixth time in seven years. Pictet Asset Management’s journey in thematic equities investing started nearly 30 years ago, and it has now been developed into a full-fledged franchise with 15 thematic equities strategies. The strength and core value of our thematic equity capability lie in the resilience and ability to seize growth opportunities underpinned by the megatrends, in different business cycles and market environments.

The ever robust demand for thematic and ESG investments in Asia enables us to bring into play our global leadership and expertise in this field and offer investors and clients in the region top class and differentiated investment strategies.

We keep innovating and expanding our product offering by identifying meaningful and transformative secular themes and capturing the unique opportunities in Asia.”


As market volatility around supply chain headwinds and slower economic growth pressured the industry, 2022 proved particularly challenging for asset managers. But that did not slow their pace of pushing thematic strategies.

Pictet Asset Management in particular steadily ramped up its product shelf in providing thematic strategies. Since launching its first thematic strategy in 1995 — the Pictet-Biotech fund — the firm had no fewer than 13 thematic focused funds on its shelf as of the end of 2022, with total AUM surpassing US$64 billion.

Despite equities underperforming across the year in 2022, the cyclical and ESG themes were still able to gain traction in Asia, particularly in Greater China. The firm has enjoyed significant inflows into its thematic franchise in the Greater China region, especially with consumer strategies and environmental strategies.

As a pioneer in launching thematic strategies, Pictet Asset Management identifies investment ideas on the basis of growth drivers being underpinned by megatrends — groups of powerful social, demographic, environmental and technological forces of change that are reshaping the world.

Draws on the expertise of the Themactic Advisory Board, the fund Pictet – Water, for instance, was first launched in 2000 and is a high-conviction theme from Pictet Asset Management that has a strong focus on environmental issues. The fund invests in water technology, water supply, and environmental services. Before finally selecting 50 to 80 portfolio stocks, Pictet Asset Management will have gone through a number of concrete steps — idea generation within the whole investment universe; thematic screening; applying ESG factors and equity attractiveness; and finding top stocks.

Pictet Asset Management applies the Planetary Boundaries framework in reporting and includes an assessment of the United Nation’s Sustainable Development Goals during the investment process.

Thanks to Pictet AM strong PM team, the three-year cumulative return of Pictet – Water is 21.6%, outperforming its benchmark (MSCI AC World) and similar strategies on the market.

Congratulations to Pictet Asset Management for again winning Best Fund Provider – Thematic Provider in Asian Private Banker’s 2023 Asset Management Awards for Excellence.

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