Pictet and Allianz launch new actively managed ETFs

Pictet has launched the Pictet AI Enhanced World Equity UCITS ETF (PDWD), an actively managed fund based in Ireland. The ETF aims to outperform the MSCI World Index by tracking stocks from developed countries globally, utilizing ESG criteria for stock selection. It features a total expense ratio of 0.25% per annum and provides annual distributions.

Allianz has also introduced the Allianz Smart US Equity Active UCITS ETF (AZFQ). This actively managed fund follows the performance of American stocks using a rule-based investment model. The fund has a total expense ratio of 0.20% per annum and utilizes an accumulating dividend structure. Both funds are traded on various European exchanges, including Deutsche Boerse Xetra.