Pictet International Holds Water

January 15, 2002 ( - Switzerland's Pictet International Management launched the Pictet Global Water Fund, a mutual fund that will invest primarily in the water industry.

Almost 80% of the fund’s net assets will be invested in equity securities of companies worldwide that specialize in:

  • water-producing operations,
  • services for water conditioning and desalinization,
  • supplying consumer water, and
  • waste-water treatment facilities, among others

The fund offers two share classes, one for retail and one for institutional investors.