The Pictet international equities difference
- Think and act in the long term—In-depth fundamental analysis to determine intrinsic value with team review and challenging of ideas to look beyond the current market noise.
- Seeking opportunities off the beaten track—Intelligent use of resources to conduct independent stock-level research and identify good business models.
- High-conviction fund that doesn’t look like the benchmark—An unconstrained, actively managed, and focused approach that’s expected to lead to a high active share of over 85%.
Get to know the Pictet international equities team
A part of Pictet Asset Management (Pictet), the Pictet International Equities Team is located in London, United Kingdom. Responsible for managing over CAD$6 billion in assets,* the team consists of two portfolio managers who are supported by a dedicated product specialist and eight research analysts. Collectively, the broad team has an average of 17 years of industry experience.
Meet the managers behind the fund
Co-Lead, International Equities
Joined Pictet in 1997
Co-Lead, International Equities
Joined Pictet in 2008
* As of September 30, 2020 CAD.
Pictet’s international equities team implements an investment approach focused on 4 drivers:
Normalizing cash flow forces a deep understanding of company and industry dynamics. Cash can’t be manipulated.
Return on capital
Growth must be profitable after taking into account the capital required to generate it.
Growth and reinvestment opportunities
The team seeks businesses with scope to grow by reinvesting the cash that is generated.
The team works to establish what a business is worth, and seeks to pay a lot less for it.
Pictet’s international equities team seeks to build a diversified international equity fund through bottom-up fundamental analysis. The focus is on growth in cash flow and value creation with the aim of buying stocks at a price below a conservative estimate of intrinsic value.
The goal is to build a focused portfolio that looks and feels very different from both the market and peer group.
1 Formerly Manulife International Focused Fund. On October 31, 2018, it was renamed the Manulife EAFE Equity Fund.
Our objective is simple—establish what a company is worth and pay a lot less for it.
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