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

Pictet launched a trio of US ETFs, with two tied to artificial intelligence and a third to the “clean” economy. The debut will test whether the Swiss firm — which oversees more than $800 billion in assets overall, including more than $330 billion in its asset-management arm — can compete in a crowded and increasingly cutthroat US ETF arena flooded with 4,500 products. Liz Dillon, CEO of Pictet Asset Management USA, speaks to Katie Griefeld, Scarlet Fu and Eric Balchunas on “Bloomberg ETF IQ” about the new funds. (Source: Bloomberg)