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Pictet Raises Japan Weighting in Dynamic Allocation Fund to About 10%

Bloomberg said the move followed the U.S. midterm elections as the fund looked for opportunities outside AI-linked companies.

Updated 1 min read
Pedestrians pass the Tokyo Stock Exchange in Nihonbashi, Tokyo, on a bright overcast morning. (AI-generated image / EconoTimes)
Pedestrians pass the Tokyo Stock Exchange in Nihonbashi, Tokyo, on a bright overcast morning. (AI-generated image / EconoTimes)

Bloomberg reported that Pictet Asset Management's Dynamic Allocation fund increased its Japan weighting to about 10%.

The report said the fund is looking for opportunities beyond companies tied to AI. Bloomberg said the allocation change came after the U.S. midterm elections.

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