Pictet's global multi-asset fund triples to $5B on China inflows

Pictet: Pictet is a Swiss private bank and asset manager specializing in wealth management and investment solutions for high-net-worth individuals and institutions worldwide. It operates multiple fund platforms, including Hong Kong-domiciled multi-asset strategies available through cross-border channels. The firm has recently focused on expanding its Mutual Recognition of Funds offerings to meet demand from Asian investors. Market Interest: Chinese investors have shown increasing demand for overseas assets including alternatives and products offering exposure to AI supply chains. China Regulation: Beijing tightened scrutiny earlier this year on offshore investments through unlicensed brokerage accounts, directing more capital toward approved legal cross-border investment channels. Investment Channels: The Mutual Recognition of Funds scheme enables qualified Hong Kong-domiciled funds to be sold to mainland Chinese retail investors as a regulated cross-border option.