MutualFundWire.com: A $333B-AUM AM's 1st U.S. ETFs Arrive, And ...

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Thursday, October 16, 2025

A $333B-AUM AM's 1st U.S. ETFs Arrive, And ...

The U.S. arm of a 220-year-old, Swiss multinational's $333-billion-AUM* asset manager is launching their first three ETFs for U.S. investors. And they're preparing to roll out two more.

This morning, Liz Dillon, CEO of the U.S. unit of Pictet Group's Pictet Asset Management, unveiled the debut of

the Pictet AI & Automation ETF (PBOT on the NYSE Arca);

the Pictet AI Enhanced International Equity ETF (PQNT); and

the Pictet Cleaner Planet ETF (PCLN).

The Pictet team also filed to create

the Pictet Emerging Markets Debt ETF (EMFI); and

the Pictet Emerging Markets Rising Economies ETF (RISE).

Geneva-based Pictet Asset Management S.A. will serve as the five ETFs' investment advisor, and Milwaukee-based Tidal Investments will serve as subadvisor. Pictet Asset Management (Singapor) Ptd LTD (aka Pictet AM Singapore) and New York City-based Pictet Asset Management (USA) Corp. (Pictet AM US) will also subadvise EMFI.

RISE and EMFI have not yet debuted, while PCLN, PQNT, and PBOT's inception date was yesterday (October 15). PBOT and PCLN come with expense ratios of 70 basis points, PQNT comes with an expense ratio of 30bps, EMFI comes with an expense ratio of 60bps, and RISE comes with an expense ratio of 63bps. PCLN now has about $10.087 million in AUM, PQNT now has about $9.055 million, and PBOT has about $9.943 million**.

PBOT's PM team includes five of Pictet's senior investment managers:

John Gladwyn;

Yves Kramer;

Peter Lingen;

Yuko Takano; and

Gertjan Van Der Geer.

PQNT's PM team includes:

Stephane Daul, senior IM; and

Alexandra Nagy, IM.

PCLN's PM team, all senior IMs, includes:

Xavier Chollet;

Luciano Diana;

Cedric Lecamp;

Gabriel Micheli;

Takano; and

Van Der Geer.

EMFI's PM team will include:

Alper Gocer, head of emerging market fixed income at Pictet AM UK;

Christopher Preece, IM at Pictet AM US;

Robert Simpson, head of emerging market investment strategy and solutions at Pictet AM UK; and

Andrew Stanners, senior IM at Pictet AM UK.

RISE's PM team, all senior IMs from Pictet AM UK, will include:

Mark Boulton; and

Young Jae Lee.

Dillon calls the triple launch "a significant milestone in bringing Pictet's institutional investment heritage to advisors and investors."

"These strategies embody our 220-year commitment to independent thinking and pioneering investment strategies built upon robust research," Dillon states. "They are designed as durable portfolio building blocks that reflect our forward-looking approach to emerging technologies like artificial intelligence and our deep investment expertise in global megatrends."

David Wright, head of quantitative investments at Pictet AM, notes that the strategy behind PQNT "was previously only available to ... institutional clients." Yi Shi, client portfolio manager for PCLN, puts that new ETF in the context of Pictet's "decades of thematic investing experience." And Anjali Bastianpillai, senior client PM for PBOT, highlights Pictet's ability to "invest in the entire value-chain of artificial intelligence."

Pictet's entrance into the U.S. ETF business comes five years after Dillon launched Pictet AM's U.S. unit.

All five new and planned Pictet ETFs are actively managed series of the 2023 ETF Series Trust. Their other service providers include:

Brown Brothers Harriman & Co. (BBH) as administrator, custodian, dividend disbursing agent, and transfer agent;

ACA's Foreside Fund Services as distributor;

Morgan, Lewis & Bockius LLP as counsel;

PricewaterhouseCoopers LLP as independent accounting firm; and

Tidal ETF Services LLC as provider of a fund president, secretary, chief compliance officer, and anti-money laundering officer.