Pictet Digital I GBP

Invests globally in companies using digital technology to provide interactive services.

  • 47822.00p
    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.

  • -
    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?

  • 5.00% 0.00%

    Initial charge

    Some 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!

  • 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).

  • 1.17%
    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.

  • 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…

Prices as at 18 June 2021

Fund summary

Sector Technology and Telecoms
Structure OFFSHORE FUND
Launched September, 2009
Size £4,165m
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 1.17%

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Investment process

The sub-fund seeks capital growth by investing at least two-thirds of its total assets in the shares of companies using digital technology to provide interactive services and/or products associated with interactive services in the field of communication. The investment universe is not limited to a specific geographical zone.

Manager research

Average monthly relative returns

  • 16/17 0.58%
  • 17/18 1.24%
  • 18/19 0.10%
  • 19/20 -1.16%
  • 20/21 0.90%

Bestinvest MRI

  • 3 years -0.05%
  • 5 years 0.33%
  • Career 0.14%
  • 3 years 50.00%
  • 5 years 50.00%
  • Career 80.20%

Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Sylvie Sejournet / Bruno Lippens

Lippens joined Pictet Asset Management in 2007, Before joining Pictet, he worked for five years as a Senior Portfolio Manager at Robeco. He began his investment career in 1997 in private banking for ING where he managed individual portfolios and subsequently moved to Banque Dewaay (now known as Puilaetco Dewaay). Lippens holds a Master's degree in Financial Policies and Investment Sciences from EHSAL (European University College Brussels). Sejournet joined Pictet Asset Management in 2005 and is a Senior Investment Manager in the Sector & Theme Funds team. After completing an industrial placement in the Finance Department of the TF1 group, she spent eight years as a Media Sell-Side Analyst at Fortis Bank in Paris. Sejournet holds a Diploma in Banking and Finance from the University of the Sorbonne in Paris and is a member of the French Society of Financial Analysts (SFAF).

Track record

Sylvie Sejournet / Bruno Lippens has 5.8 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.14%. During the worst period of relative performance (from April 2011 - March 2012) there was a decline of 17% relative to the index. The worst absolute loss has been 31%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 80%.

Periods of worst performance

Absolute -31.00% (December 2007 - October 2008)
Relative -17.00% (April 2011 - March 2012)

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

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