Morningstar Fund Report  | 03/04/2025Print

Pictet - Global Environmental Opportunities I dy GBP

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Pictet - Global Environmental Opportunities I dy GBP
Fund18.8-15.713.94.7-8.8
+/-Cat3.8-2.89.11.9-4.3
+/-B’mrk-0.9-8.0-1.3-14.6-4.5
 
Category: Sector Equity Ecology
Category Benchmark: Morningstar Global TME NR USD
Key Stats
NAV
02/04/2025		 GBP 299.56
Day Change -0.07%
Morningstar Category™ Sector Equity Ecology
IA (formerly IMA) Sector Global
ISIN LU0503632878
Fund Size (Mil)
02/04/2025		 EUR 5667.47
Share Class Size (Mil)
02/04/2025		 GBP 271.23
Max Initial Charge 5.00%
Ongoing Charge
07/02/2025		  1.11%
Morningstar Research
Analyst Report05/07/2024
Ronald van Genderen, Senior Analyst
Morningstar, Inc

Pictet-Global Environmental Opportunities is managed by a four-member team that is adequately staffed and can leverage several sources of support. The approach is based on a very structured and proven process that is applied at all strategies...

Click here to read this analyst report on the underlying fund.
Morningstar Pillars
People24
Parent24
Process24
Performance
Price
Investment Objective: Pictet - Global Environmental Opportunities I dy GBP
To increase the value of your investment while seeking to achieve a positive environmental and / or social impact. The Fund applies a sustainable strategy and invests mainly in equities, or in any other transferable securities linked to or similar to equities. The Fund invests mainly in companies with a low environmental footprint that contribute to solving global environmental challenges by providing products & services in the environmental value chain. These products and services are needed to support the transition towards a lower carbon economy, a circular economy model, monitor and prevent pollution or for example protect scarce resources such as water.
Returns
Trailing Returns (GBP)02/04/2025
YTD-7.82
3 Years Annualised1.48
5 Years Annualised11.09
10 Years Annualised9.56
12 Month Yield 0.00
Dividend Paying Frequency Annually
Management
Manager Name
Start Date
Gabriel Micheli
26/08/2014
Luciano Diana
26/08/2014
Click here to see others
Inception Date
12/07/2011

Category Benchmark
Fund BenchmarkMorningstar Benchmark
MSCI ACWI NR EURMorningstar Global TME NR USD
Portfolio Profile for  Pictet - Global Environmental Opportunities I dy GBP28/02/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock97.850.0097.85
Bond0.270.000.27
Property0.000.000.00
Cash3.952.061.89
Other0.000.000.00
Top 5 Regions%
United States60.81
Eurozone20.40
Canada10.33
Japan4.94
Europe - ex Euro3.52
Top 5 Sectors%
Industrials48.70
Technology28.40
Healthcare6.79
Basic Materials6.00
Real Estate4.39
Top 5 HoldingsSector%
Republic Services IncIndustrialsIndustrials4.08
Waste Connections IncIndustrialsIndustrials4.07
Waste Management IncIndustrialsIndustrials3.47
Thermo Fisher Scientific IncHealthcareHealthcare3.37
WSP Global IncIndustrialsIndustrials3.36
Increase Decrease New since last portfolio
Pictet - Global Environmental Opportunities I dy GBP
Growth Of 1000 (GBP) 31/03/2025
Fund:  Pictet - Global Environmental Opportunities I dy GBP
Category:  Sector Equity Ecology
Category Index:  Morningstar Global TME NR USD
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-11.9234.5430.7718.79-15.6813.934.73-8.78
+/- Category-1.1911.001.903.76-2.769.071.91-4.35
+/- Category Index-8.4112.9918.51-0.88-7.96-1.32-14.57-4.50
% Rank in Category634283571114692
Trailing Returns (GBP)02/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-0.07   -0.33-0.53
1 Week-3.11   -0.18-0.88
1 Month-5.40   -0.300.39
3 Months-9.05   -3.81-5.20
6 Months-8.68   -1.03-10.20
YTD-7.82   -2.58-3.98
1 Year-10.04   -2.63-14.96
3 Years Annualised1.48   4.04-6.06
5 Years Annualised11.09   3.07-4.15
10 Years Annualised9.56   3.93-0.82
 
Category: Sector Equity Ecology
Category Index: Morningstar Global TME NR USD
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2025-8.78---
20248.35-0.08-2.03-1.27
20235.602.26-2.548.25
2022-10.61-12.285.561.88
2021-0.425.264.748.20
2020-11.2821.309.9110.55
 
 
 
Morningstar Rating™(Relative to Category)28/02/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearAbove AverageAverage4 star
5-YearAbove AverageAverage4 star
10-YearHighAverage5 star
OverallHighAverage5 star
 
Category :  Sector Equity EcologyClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev15.33 %
3-Yr Mean Return2.02 %
 
3-Yr Sharpe Ratio-0.13
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar Global TME NR USD  DJ Islamic World TR USD
3-Yr Beta1.131.06
3-Yr Alpha-6.34-4.89
 
Investment Style Details28/02/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)EUR 44596-
Market Capitalisation% of Equity
Giant13.36
Large47.68
Medium33.83
Small5.12
Micro0.00
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings25.301.27
Price/Book4.091.37
Price/Sales3.111.49
Price/Cash Flow18.981.48
Dividend-Yield Factor1.220.70
 
Long-Term Projected Earnings Growth10.020.98
Historical Earnings Growth9.551.01
Sales Growth8.441.62
Cash-Flow Growth10.101.03
Book-Value Growth14.501.71
 
Category: Sector Equity Ecology
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock97.850.0097.85
Bond0.270.000.27
Property0.000.000.00
Cash3.952.061.89
Other0.000.000.00
World Regions28/02/2025
 % of EquityRelative to Category
United States60.811.11
Canada10.333.43
Latin America0.000.00
United Kingdom0.000.00
Eurozone20.400.95
Europe - ex Euro3.520.50
Europe - Emerging0.000.00
Africa0.00-
Middle East0.000.00
Japan4.941.17
Australasia0.000.00
Asia - Developed0.000.00
Asia - Emerging0.000.00
 
Category: Sector Equity Ecology
Sector Weightings28/02/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials6.000.81
Consumer CyclicalConsumer Cyclical2.070.28
Real EstateReal Estate4.392.15
HealthcareHealthcare6.791.10
UtilitiesUtilities3.660.53
IndustrialsIndustrials48.701.51
TechnologyTechnology28.401.16
 
Category: Sector Equity Ecology
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings41
Total Number of Bond Holdings0
Assets in Top 10 Holdings33.34
NameSectorCountry% of Assets
Republic Services Inc310United States4.08
Waste Connections Inc310Canada4.07
Waste Management Inc310United States3.47
Thermo Fisher Scientific Inc206United States3.37
WSP Global Inc310Canada3.36
Agilent Technologies Inc206United States3.27
Synopsys Inc311United States3.04
Schneider Electric SE310France2.93
Cadence Design Systems Inc311United States2.90
Eaton Corp PLC310United States2.85
 
Increase Decrease New since last portfolio
Category: Sector Equity Ecology
 
Management
Name of CompanyPictet Asset Management (Europe) SA
Phone+352 467 171-1
Websitewww.am.pictet
Address15, avenue J.F. Kennedy
 Luxembourg   L-1855
 Luxembourg
DomicileLuxembourg
Legal StructureSICAV
UCITSYes
Inception Date12/07/2011
Fund Advisor(s)
Pictet Asset Management SA
Fund ManagerGabriel Micheli
Manager Start Date26/08/2014
Career Start Year2006
Education
University of St. Gallen, B.A.
 
Biography
Gabriel Micheli joined Pictet Asset Management in 2006 and is a Senior Investment Manager in the Thematic Equities team. He has been co-managing the Global Environmental Opportunities strategy since its inception in 2014. Prior to that Gabriel co-managed the Pictet Timber strategy from 2008 to 2018, where he has kept an advisory role, and was co-manager of the Pictet Clean Energy strategy from 2007 to 2010. Gabriel is a Chartered Financial Analyst (CFA) charter holder. He graduated with a degree in Economics from the University of St. Gallen.
Fund ManagerLuciano Diana
Manager Start Date26/08/2014
Career Start Year2005
Education
INSEAD, M.B.A.
University of Padua, B.A./B.S.
 
Biography
Luciano Diana joined Pictet Asset Management in 2009 and is a Senior Investment Manager in the Thematic Equities team. He has been co-managing the Global Environmental Opportunities strategy since its inception in 2014. Prior to that Luciano co-managed the Pictet Clean Energy Strategy from 2009-2016. Before joining Pictet, Luciano spent four 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 Telecommunications Engineering from the University of Padua, Italy, and he was a Visiting Scholar at the University of California at Berkeley. He holds an MBA from INSEAD.
Fund ManagerYi Du
Manager Start Date01/09/2018
Career Start Year2014
Education
Hong Kong Polytechnic University, BBA
University of Oxford, MSc
 
Biography
Yi Du joined Pictet Asset Management in 2018. He is a Senior Investment Manager in the Thematic Equities team. Yi has been co-managing our Global Environmental Opportunities strategy since 2018. He is the lead manager of the China Environmental Opportunities strategy which was launched in 2023. In 2022, Yi was awarded ESG Explorer of the Year in China by Jiemian News. Before joining Pictet, Yi worked in the Global Equity Research team of JP Morgan in Hong Kong since 2015 covering environmental and utilities sectors in Asia. Prior to that, he worked in the Investment Banking team of Barclays in Hong Kong. Yi holds an MSc in Financial Economics with distinction from the University of Oxford. He is a Chartered Financial Analyst (CFA) charterholder and holds the CFA Institute Certificate in ESG Investing.
Fund ManagerKatie Self
Manager Start Date01/10/2022
Career Start Year2016
Education
University of St Andrews, Ph.D.
University of St Andrews, Masters
 
Biography
Katie Self joined Pictet Asset Management in 2022 as an Investment Manager in the Thematic Equities team, working on the Global Environmental Opportunities strategy. Prior to Pictet, Katie spent several years doing equity research for Morgan Stanley on the industrials sector, with a particular focus on sub sectors such as renewable energy, rail energy efficiency, warehousing and semiconductors. She also spent a year as an R&D scientist with SDC Materials focused on nanotechnology projects around vehicle emissions. Katie has a PhD in Chemistry and a Masters in Material Chemistry, both from the University of St Andrews. She spent a year of her PhD studies at Fudan University in Shanghai.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Charge5.00%
Max Exit Charge*1.00%
Annual Charges
Max Annual Management Charge1.20%
Ongoing Charge1.11%
Purchase Details
Minimum Investments
Initial1000000  GBP
Additional-
Savings-
Tax Free Savings Schemes
ISAsYes