Pictet Joins $13T ETF Race With A Trio of Funds

Core Viewpoint - Pictet has launched three new US ETFs, focusing on artificial intelligence and the clean economy, aiming to establish a foothold in the competitive US ETF market [1] Group 1: Company Overview - Pictet manages over $800 billion in assets, with more than $330 billion in its asset-management division [1] - The firm is entering a crowded US ETF market that features approximately 4,500 products [1] Group 2: Product Launch - The new ETFs include two linked to artificial intelligence and one associated with the clean economy [1] - The launch is seen as a test of Pictet's ability to compete in a challenging and increasingly aggressive market [1]