Pictet Asset Management is aiming to "create noise" with its first onshore product for UK investors, a lower cost multi-asset fund for Percival Stanion and team.
The FP Pictet Multi Asset Portfolio will be run by Stanion, Andrew Cole and Shaniel Ramjee, who joined Pictet from Baring Asset Management last November with a track record of managing funds together stretching back to 2001. It will target equity-like returns of cash plus 4% per annum over three to five years, while aiming to avoid the volatility associated with equities. The fund will be available on all major platforms with an AMC of 55bps and a TER of 96bps. Cofunds users will be able to access the product at a reduced AMC of 27.5bps (TER of 68.5bps) through the E share class un...
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