Fund managed: Pictet-European Equity Selection
Fabio Paolini co-manages the European-focused strategy together with Gurdeep Bumbra, Mark Mwangi and Tomás Pintó.
Paolini joined Pictet AM in 1997 as part of the developed equities team and has been a portfolio manager ever since. Before that, he worked at Pictet and Cie's research department, specialising in European equities research.
The biggest sector exposure in the fund is consumer discretionary (15.12%), followed by industrials (13.82%) and financials (12.99%).
According to the fund's July factsheet, the top three holdings are British pharmaceutical company GlaxoSmithKline, satellite telecom company Inmarsat and Spanish engineering company Gestamp Automoción.
Over three years to the end of July, the Pictet-European Equity Selection fund returned 20.14%. Its technical indicator, STOXX Europe 50 CR EUR, lost 3.23% over the same period.