fund
Pictet Clean Energy I GBP
Invests worldwide in companies involved in the switch to lower carbon energy.
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11874.00p
Price (Inc)
These are the shares in the fund that pay out an income to clients. The income is made up of the total dividends – the money a company can pay out to its investors – from the companies in the fund.
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Price (Acc)
These are the shares in the fund that don’t pay out an income to clients. Any dividends – the money a company can pay out to its investors – are reinvested into companies in the fund. Despite no income, the shares should be worth more over time. Good incentive, eh?
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5.00% 0.00%
Initial chargeSome funds charge you when you first invest, which is aptly known as the initial charge. They’re usually between 3-5% but at Bestinvest, we usually don’t charge you a penny!
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0.80%
Annual management charge
This is how much the fund management company charges to run the fund. It’s like paying a babysitter, dog sitter or house sitter (that makes well-informed, heavily researched changes to improve your baby/dog/house when needed).
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1.21%
Ongoing charges
This stands for Ongoing Charges Figure. It’s the cost of running a fund and includes admin fees, manager fees, administration costs, etc.
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0.00%
Yield
How much the fund is currently paying out in income to investors. It’s NOT to be confused with the overall growth of a fund – a very different thing indeed. It’s also NOT a guarantee of future pay-outs, just a snapshot. This is more what it’s not than what it is…
The sub-fund seeks capital growth by investing at least two-thirds of its total assets in the shares of companies worldwide that contribute to and benefit from the switch to lower carbon energy sources. The sub-fund favours companies operating in the field of cleaner infrastructures and resources, carbon-reducing technologies and equipment, the generation, transmission and distribution of cleaner energy and energy efficiency.
Fund summary
| Sector | Commodities and Natural Resources |
| Structure | OFFSHORE FUND |
| Launched | September, 2009 |
| Size | £4,574m |
| Yield | 0.00% |
| Charging basis | |
| Dividends paid |
Charges
| Standard initial charge | 5.00% |
| Initial charge via Bestinvest | 0.00% |
| Additional bid/offer spread | 0.00% |
| Annual management charge | 0.80% |
| Ongoing charges figure | 1.21% |
Allocation
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Investment process
Manager research
Average monthly relative returns
- 17/18 0.00%
- 18/19 0.00%
- 19/20 -2.07%
- 20/21 1.20%
- 21/22 0.00%
Bestinvest MRI
- 3 years 0.00%
- 5 years 0.00%
- Career -0.01%
- 3 years 0.00%
- 5 years 0.00%
- Career 57.50%
Performance figures are based on the average of monthly percentage returns relative to the benchmark index.
Philippe De Weck
De Weck is a Senior Investment Manager in the Sector & Theme Funds team and manages the ‘Clean Energy’ fund. Previously he managed the PF(LUX)-Telecom fund from 2005-2007 achieving a five star rating from S&P. Philippe joined Pictet Asset Management as a buy-side technology analyst in 2004. Before joining Pictet, de Weck worked for Credit Suisse First Boston in both New York and London as an Investment Banking Analyst from 1997-2003. de Weck holds a BA in Economics and a BA in International Relations from the University of Pennsylvania.
Track record
Philippe De Weck has 3.4 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.01%. During the worst period of relative performance (from December 2007 - November 2008) there was a decline of 32% relative to the index. The worst absolute loss has been 63%.
Periods of worst performance
| Absolute | -63.00% (December 2007 - February 2009) |
| Relative | -32.00% (December 2007 - November 2008) |
About the MRI
Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.
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Key Investor Information