Pictet Snags Goldman VP to Get New US ETFs Going

Core Insights - Pictet Group is entering the US ETF market by launching three products and hiring a former Goldman Sachs vice president to enhance distribution among Registered Investment Advisors (RIAs) [1][2] - The newly launched ETFs are the first widely available investment products in the US in Pictet's 220-year history, focusing on AI and thematic strategies [1][4] Group 1: Market Entry and Strategy - Pictet Asset Management's CEO, Elizabeth Dillon, emphasized that client demand for ETFs is driving the company's entry into the US market, as ETFs are currently the preferred investment vehicle [2][3] - The company aims to grow its ETF offerings through a targeted distribution strategy led by Benjamin Becker, focusing on the RIA segment while also considering wirehouse distribution [3] Group 2: Product Overview - The three launched ETFs include: - Pictet AI Enhanced International Equity ETF (PQNT), utilizing a "factor-neutral AI model" [5] - Pictet Cleaner Planet ETF (PCLN), investing in sectors such as efficient supply chains and smart grids [5] - Pictet AI & Automation ETF (PBOT), providing exposure to companies benefiting from AI and automation while avoiding momentum-driven pitfalls [5] - Pictet plans to introduce two additional ETFs in the first quarter of 2026: the Emerging Markets Rising Economies ETF (RISE) and Emerging Markets Debt ETF (EMFI) [3]