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Newly AAA rated: six managers you need to know about

Citywire Switzerland takes a closer look at six managers who recently earned AAA rating.

This April, six fund managers outperformed their peers, receiving Citywire AAA ratings for the first time and surpassing average returns in sector.

The Citywire AAA rating is awarded to front-running portfolio managers who deserve recognition for their results. To qualify for a rating, the fund manager has to demonstrate strong risk-adjusted performance over 36 months.

Here we take a closer look at the six managers who have picked up the rating this month in a diverse range of sectors including emerging market equities, Asia Pacific equities, property and thematic equities.

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Peter Lingen, Pictet

Fund managed: Pictet-Robotics

Peter Lingen, together with Karen Kharmandarian is managing the fund, which invests in the value chain of robotics and enabling technologies.

The strategy was soft-closed after hitting €3 billion assets.

Pictet-Robotics can invest in areas such as robotics applications and components, automation, autonomous systems, sensors, microcontrollers, 3D printing, data processing and actuation technology, as well as image, motion or voice recognition and other enabling technologies and software.

At the moment, the fund's biggest sector allocation is enabling technologies (47.8%). The top three positions are: US company Intuitive Surgical, which manufactures robotic surgical systems; Alphabet 'C'; and Japanese automation sensor manufacturer Keyence.

Pictet-Robotics has returned 37.56% over the past year in Swiss franc terms to the end of March 2017. Its technical indicator, MSCI World TR, has returned 20.66% over the same timeframe.

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Geoffrey Wong, UBS

Fund managed: UBS Global Emerging Markets Opportunity

Industry veteran Wong is head of global emerging markets and Asia Pacific equities at UBS. In March 2017 he became the final decision-making authority on the fund.

The biggest country allocation in the fund is China (28.28%), followed by South Korea (14.02%) and Taiwan (8.56%).

The most significant sector exposures are financial services (30.28%) and information technology (26.81%).

The top three holdings in the fund are Samsung Electronics, South African internet and media group Naspers and Taiwan Semiconductor.

UBS Global Emerging Markets Opportunity has returned 39.76% over the past three years in Swiss franc terms to the end of March 2017. Its benchmark, MSCI EM (Emerging Markets) TR USD, has returned 18.65% over the same timeframe.

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Severine Cauchie, Lombard Odier

Fund managed: LO IS (CH) - Swiss Real Estate Securities

Severine Cauchie and Philippe Gabella are managing the fund, which invests primarily in publicly traded real estate mutual funds and listed real estate companies.

The biggest geographical allocation of the strategy is Zurich (30.1%), followed by the lake Geneva region (24%) and North-Western Switzerland (16.2%).

Residential real estate accounts for half of the fund’s allocation. In March, the biggest allocation increase in the fund was to CS Green Property, while the biggest reduction was to Immofonds.

The best performer in the fund the same month was Schroder Immoplus, while the biggest laggard was CS Living Plus.

LO IS (CH) - Swiss Real Estate Securities has returned 31.68% over the past three years in Swiss franc terms to the end of March 2017. Its technical indicator, FTSE AW Europe (Dev)/Real Estate Invest & Svcs TR, has returned 28.74% over the same timeframe.

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Joël Le Saux, SYZ

Fund managed: OYSTER Japan Opportunities

Fund manager Joël Le Saux has managed the fund since February 2013 and has been investing in the Japanese equities space for more than two decades.

Industrial names are taking most of the fund’s allocation (21.4%), followed closely by consumer discretionary companies (19.6%) and financials (17.2%)

The top three stocks in the fund are telecom company Nippon Tel&Tel, food company Meiji Holding and car manufacturer Toyota.

OYSTER Japan Opportunities fund has returned 53.68% over the past three years in Swiss franc terms to the end of March 2017. Its benchmark, Topix TR, has returned 39.99% over the same timeframe.

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Avo Ora, Pictet

Fund managed: Pictet-Asian Equities Ex Japan

The fund is co-managed by James Keeney and Avo Ora, who acquired AAA ratings for the first time in April.

The biggest country allocation of the fund is China (34.1%), followed closely by South Korea (21%). On the sectoral level, IT leads the way with 32.8%, followed by financials with 25.4%.

The top three holdings are Samsung Electronics, Tencent Holdings and Alibaba Group.

Pictet-Asian Equities Ex Japan has returned 42.16% over the past three years in Swiss franc terms to the end of March 2017. Its benchmark, MSCI AC Asia ex Japan TR US, has returned 31.03% over the same timeframe.

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John Chow, Fidelity International

Fund managed: Fidelity Inst Sel Emerging Markets Equities

John Chow is managing the fund together with Citywire A-rated Cesar Hernandez. The fund aims to invest in countries with rapid economic growth, covering Africa, Latin America, South East Asia, Europe and the Middle East.

On the sectoral level, the fund is the most exposed to financials (24.4%), followed by information technology (24%) and consumer discretionary (10.5%).

On a country level, China is leading the way taking 26% of exposure. The top three holdings of the fund are Samsung Electronics, Taiwan Semiconductor and Tencent Holdings.

Fidelity Inst Sel Emerging Markets Equities has returned 27.67% over the past three years in Swiss franc terms to the end of March 2017. Its benchmark, MSCI EM (Emerging Markets) TR USD, has returned 18.65% over the same timeframe.

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