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Pictet AM launches AI-backed global equity fund
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The Pictet-Quest AI Driven Global Equities fund seeks to «harness the scale and efficiency of artificial intelligence for stock selection» and targets a 1.5% return above the index. «Enhanced indexation» is used in the fund rather than replication, which the firm claimed to be a «more powerful replacement», as an additional 1% in performance can be meaningful in a «low growth environment » for equities. Pictet AM unveils European blended fixed income fund Pictet AM's Quest (Quantitative Equity Strategies) investment team has developed a proprietary stock selection model and a «tran...
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