投资打破国别，海外配置需求增加！国际资管巨头最新发声

Core Viewpoint - Swiss asset management giant Pictet Group, with over 220 years of history and an asset management scale of 736.8 billion Swiss francs, is expanding its presence in the Chinese market through mutual recognition funds, cross-border wealth management, QDII, and QDLP initiatives, capitalizing on the growing demand from mainland Chinese investors for overseas investments [1][4]. Group 1: Market Expansion and Strategies - Pictet's mutual recognition funds have seen strong inflows, with the Pictet Strategy Income Fund leading the market by attracting 957 million yuan in October [4]. - The firm has been operating in Asia for over 40 years and uses Hong Kong as a key hub to reach mainland China, participating in various cross-border investment programs [4][5]. - The recent regulatory changes allowing a 4:1 asset ratio for domestic and foreign funds indicate an increasing demand for overseas investments from mainland China, which aligns with Pictet's expertise in global fundraising [5]. Group 2: Investment Themes and Opportunities - Pictet emphasizes a shift from country-specific investment strategies to thematic or sector-based investments, identifying artificial intelligence, energy, healthcare, and supply chain reshoring as key investment themes [3][7]. - The firm believes that the development of AI is a global trend, with significant opportunities across various regions, including Asia, Europe, and North America [6][7]. - Pictet's investment strategy focuses on sectors rather than geographical allocations, as evidenced by the strong performance of technology stocks in both US and A-shares markets [6]. Group 3: Long-term Perspective and Market Confidence - Pictet maintains a long-term view on Asian markets, particularly China, and notes a growing confidence among global investors in the Chinese market, driven by technological advancements [7]. - The firm acknowledges the normal fluctuations in the Chinese A-share market over the years and sees a positive investment atmosphere emerging [7]. - Pictet's investment philosophy is rooted in long-term stability and prudent growth, avoiding aggressive strategies during market highs and seeking opportunities during downturns [9].