The $3.5 billion Hong Kong-managed Pictet Strategic Income Fund nearly doubled equity exposure to about 65% within weeks after US-Iran ceasefire talks in early April.
It targeted undervalued and infrastructure-linked AI companies across Asia and the US, as improving risk appetite prompted a sharper move back into equities.
The strategy helped the fund outperform nearly 90% of peers over the past month and deliver roughly 43% returns over the past year.
Pictet’s AI bet defied its own expert’s warnings. Was this a calculated risk or a lucky gamble that could still backfire?
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