AI Summary
Pictet Asset Management's $3.5 billion Strategic Income Fund has increased its equity exposure by reallocating 30% of cash-equivalent holdings into artificial intelligence stocks. This strategy has led to significant gains, outperforming most peers and achieving a 43% return over the past year.
- Pictet Asset Management's Strategic Income Fund has raised its equity exposure to approximately 65%.
- The fund shifted 30% of its cash-equivalent holdings into AI-focused companies in Asia and the US.
- This decision followed US-Iran ceasefire discussions in early April.
- The fund's performance has outpaced nearly 90% of its peers in the last month, with a reported 43% return over the past year.
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