Pictet Global Fund Triples on Chinese Inflows

Pictet's global multi-asset fund tripled to over five billion dollars this year. Chinese investors drove the growth by rushing into overseas assets and AI supply chains through legal cross-border channels.

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The logo of Swiss private bank Pictet is seen at a branch office in Zurich, Switzerland February 2, 2022. REUTERS/Arnd Wiegmann

A global multi-asset fund managed by Switzerland-based Pictet tripled to $5.1B this year. Mainland retail investors drove the surge via cross-border channels. The growth follows regulatory tightening on offshore investing through unlicensed accounts in China. The shift highlights rising domestic demand for foreign assets, including AI supply chains and United States equities.

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