Pictet Asset Management

About

About

Pictet Asset Management believes in disciplined active management through bottom-up stock selection and seeks to identify stocks trading at a discount to its calculation of intrinsic value.

AMG Funds From This Firm

APINX

Pictet International Fund

The Fund seeks to provide long-term capital appreciation by investing in non-U.S. companies.

View Fund Details

Approach & Philosophy

Philosophy and Approach

Our Philosophy

Pictet Asset Management invests in businesses that have the ability to generate strong cash flows, reinvest those flows in high returning businesses, and that trade below a conservative estimate of intrinsic value.

Pictet Asset Management believes that this approach conducted in a disciplined way leads to superior returns.

Our Approach

The Pictet Asset Management approach focuses on four drivers:

  • Cash flow: Cash cannot be manipulated or distorted by accounting policies. Cash is the life blood of a company and gives the ability to grow and pay dividends.
  • Return on investment: Cash flow growth needs to be profitable after taking into account the capital employed to generate those cash flows. While history is a guide, Pictet Asset Management focuses on the incremental rate and sustainability of future investment returns.
  • Growth and reinvestment opportunities: Pictet Asset Management seeks businesses with scope to grow by investing the cash they generate in a way that drives growth in free cash flow per share.
  • Value: Pictet Asset Management’s objective is simple: establish what something is worth, and pay a lot less for it. Pictet Asset Management’s assessment of this absolute, or ‘intrinsic value’ creates the key reference point for a patient and disciplined investment process.

Fund Managers

Fund Managers

Fabio Paolini, CFA

Co-Head of EAFE Equities

Read Full Bio

Benjamin Beneche, CFA

Co-Head of EAFE Equities

Read Full Bio

Insights


AMG Managers Pictet International Fund: Overview

Pictet Asset Management

 
Portfolio managers Fabio Paolini and Benjamin Beneche discuss Pictet's absolute return, value-oriented approach to international investing.
Watch Video More About Pictet Asset Management
  Back To Top

You Are Now Leaving The AMG Funds Website:

You are now leaving the AMG Funds web site: The link you have selected is located on another web site. Please click OK below to leave the AMG Funds site and proceed to the selected site. AMG Funds does not endorse this web site, its sponsor, or any of the policies, activities, products or services offered on the site, or by any advertiser on the site. AMG Funds has no control of the content or data shown on this site, and while AMG Funds has no reason to doubt the reliability of the data shown, its accuracy is not guaranteed. Furthermore, AMG Funds takes no responsibility for the accuracy or factual correctness of any information posted to third party web sites.

Thank you for your interest in AMG Funds.

OK