Fact sheet: Pictet Clean Energy

Fund information
Fund name
Pictet Clean Energy I dy GBP
Fund manager company
Pictet Asset Management (Europ
Fund type
Offshore Fund
Fund managers
  • Xavier Cholletsince 01/04/2011
  • Luciano Dianasince 01/03/2009
  • Christian Roessingsince 01/10/2015
Fund objective
The sub-fund seeks capital growth by investing at least two-thirds of its total assets in the shares of companies worldwide that contribute to and benefit from the switch to lower-carbon energy sources. The sub-fund favours companies operating in the field of cleaner infrastructures and resources, carbon-reducing technologies and equipment, the generation, transmission and distribution of cleaner energy and energy efficiency.
Benchmark
  • MSCI World
Investment style
None
Investment method
Shares
Quick stats
1 Year return
25.2%
1 Year rank in sector
-
Sector
FO Commodity & Energy
Yield
-
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
1.22%
Fund size
£498m (£500m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
114
Top in this sector
Fund name1 Year
EGI Earth Gold120.2%
LLB Craton Cap Precious Metal100.3%
Investec Global Gold89%
LO Wld Gld Expts86.3%
Franklin Gold&Prec Met85.5%
...more in FO Commodity & Energy

Performance snapshot

Holdings snapshot

  • USA47.6%
    Others9.9%
    Japan8.3%
    France6.5%
    China4.6%
  • Energy59.9%
    Alternative & Renewable Energy22.1%
    Oil & Gas16.7%
    Money Market1.3%
  • Commodity & Energy98.7%
    Money Market1.3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund2.1%15.4%18.1%25.2%24.1%55.2%
Sector-0.5%4.3%14.4%16.7%-13.1%-20.1%
Rank within sector------
Quartile
Calendar performance
 YTD - 20162015201420132012
Fund18.8%-6.7%4.1%33.9%-0.7%
Sector20.6%-19.8%-9%-6.6%-3.4%
Rank within sector-----
Quartile
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
11.48
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
0.44
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
0.37
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
13.65
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
14.44
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
0.98
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.21
Price movement
52 week high62.5
52 week low44.94
Current bid price-
Current offer price-
Current mid price62.13
Region
1USA47.57%
2Others9.91%
3Japan8.34%
4France6.52%
5China4.6%
6Spain4.5%
7Netherlands4.08%
8Germany3.58%
9Denmark3.26%
Industry sector
1Energy59.9%
2Alternative & Renewable Energy22.1%
3Oil & Gas16.7%
4Money Market1.31%
Asset type
1Commodity & Energy98.69%
2Money Market1.31%
Individual holdings
1NXP SEMICONDUCTORS NV4.08%
2MIDDLEBY CORP3.97%
3SMITH(A.O.)CORP3.68%
4INFINEON TECHNOLOGIES AG3.58%
5HUANENG RENEWABLES CORP LTD3.42%
6ACUITY BRANDS INC3.34%
7VESTAS WIND SYSTEMS3.26%
8ALGONQUIN POWER & UTILITIES CO3.22%
9SEMPRA ENERGY CORP3.2%
Management
Fund manager group
Pictet
Fund manager company
Pictet Asset Management (Europ
Fund type
Offshore Fund
Fund objective
The sub-fund seeks capital growth by investing at least two-thirds of its total assets in the shares of companies worldwide that contribute to and benefit from the switch to lower-carbon energy sources. The sub-fund favours companies operating in the field of cleaner infrastructures and resources, carbon-reducing technologies and equipment, the generation, transmission and distribution of cleaner energy and energy efficiency.
Benchmark
  • MSCI World
Investment style
None
Investment method
Shares
Fund managers
NameSinceBiography
Xavier Chollet01/04/2011Xavier Chollet joined Pictet Asset Management in 2011 as a Senior Investment Manager in the Sector and Theme Funds team with responsibility for the Clean Energy fund. Previously, he was with Pictet’s Wealth Management division since 1998 as an analyst covering technology as well as clean energy starting in 2007. He also managed two internal portfolios on solar energy and energy efficiency. Xavier holds a Master’s degree in Finance from HEC Lausanne.
Luciano Diana01/03/2009Luciano Diana joined Pictet Asset Management in 2009. He is a Senior Investment Manager in the Sector & Theme funds team and manages the 'Clean Energy' fund. Before joining Pictet, Luciano spent 4 years at Morgan Stanley, where he headed the London based clean energy sell-side research team. He began his career in 1998 as an IT strategy consultant at Accenture. Luciano holds a Laurea in Engineering from the University of Padua, Italy, and an MBA from INSEAD.
Christian Roessing01/10/2015Christian Roessing joined the thematic equities team at the end of 2015 as senior investment manager for the Clean Energy strategy. Christian had previously been at Vontobel Asset Management, where he spent over seven  years, most recently as deputy portfolio manager for the Vontobel Fund – Clean Technology. He began his career as a financial analyst in 2004. Christian holds a Master’s Degree in Business Administration in Entrepreneurship, Finance and Asset Management from the University of St Gallen. He is also CFA Charterholder.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, IA Recognised, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Chile, Cayman Islands, Cyprus, Germany, Spain, Finland, France, United Kingdom, Greece, Hong Kong, Italy, Republic Of Korea, Liechtenstein, Luxembourg, Macau, Netherlands, Norway, Offshore, Peru, Portugal, Singapore, Sweden, Taiwan - Province Of China
Pictet Clean Energy HR EUR
Initial charge-
Annual charge2.3%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.77%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price64.92
CurrencyEUR
Price updated26/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE60E
Pictet Clean Energy I EUR
Initial charge5%
Annual charge0.8%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.22%
Total expense ratio (TER)1.19%
Bid price-
Offer price-
Mid price72.61
CurrencyEUR
Price updated26/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeC3M5
Pictet Clean Energy I USD
Initial charge5%
Annual charge0.8%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.22%
Total expense ratio (TER)1.19%
Bid price-
Offer price-
Mid price81.81
CurrencyUSD
Price updated26/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeAET6
Pictet Clean Energy I dy EUR
Initial charge5%
Annual charge0.8%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.22%
Total expense ratio (TER)1.18%
Bid price-
Offer price-
Mid price71.36
CurrencyEUR
Price updated26/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeNLK5
Pictet Clean Energy I dy GBP
Initial charge5%
Annual charge0.8%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.22%
Total expense ratio (TER)1.2%
Bid price-
Offer price-
Mid price62.13
CurrencyGBP
Price updated26/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeGLO4
Pictet Clean Energy P EUR
Initial charge5%
Annual charge1.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.02%
Total expense ratio (TER)1.99%
Bid price-
Offer price-
Mid price67.24
CurrencyEUR
Price updated26/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAET4
Pictet Clean Energy P USD
Initial charge5%
Annual charge1.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.02%
Total expense ratio (TER)1.99%
Bid price-
Offer price-
Mid price75.76
CurrencyUSD
Price updated26/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAET5
Pictet Clean Energy P dy GBP
Initial charge5%
Annual charge1.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.02%
Total expense ratio (TER)1.99%
Bid price-
Offer price-
Mid price58.41
CurrencyGBP
Price updated26/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeBYQ9
Pictet Clean Energy P dy USD
Initial charge5%
Annual charge1.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.02%
Total expense ratio (TER)1.99%
Bid price-
Offer price-
Mid price75.77
CurrencyUSD
Price updated26/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeBYR0
Pictet Clean Energy R EUR
Initial charge5%
Annual charge2.3%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.72%
Total expense ratio (TER)2.69%
Bid price-
Offer price-
Mid price62.97
CurrencyEUR
Price updated26/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAET2
Pictet Clean Energy R USD
Initial charge5%
Annual charge2.3%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.72%
Total expense ratio (TER)2.69%
Bid price-
Offer price-
Mid price70.95
CurrencyUSD
Price updated26/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAET3
Pictet Clean Energy Z GBP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.17%
Total expense ratio (TER)0.15%
Bid price-
Offer price-
Mid price63.96
CurrencyGBP
Price updated26/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFMFK
Pictet Clean Energy Z USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.17%
Total expense ratio (TER)0.14%
Bid price-
Offer price-
Mid price89.16
CurrencyUSD
Price updated26/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFOJD
Data provided by

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