Fidelity, Aberdeen and Pictet unveil investment offerings

The Fidelity All Country Equity Research Enhanced UCITS ETF was listed this week on Borsa Italiana, Xetra and SIX. Fidelity, which has $16.2 billion in European ETF assets under management, said the fund invests in developed and emerging-market equities, using a quantitative approach informed by its analysts’ stock recommendations. It seeks to outperform the MSCI ACWI Index, though that is not guaranteed, and aims for a higher ESG score than the benchmark. Fidelity said the launch expands its Core Research Enhanced range. Other firms expanding into ETFs include Schroders, Pictet Asset Management, Invesco and Franklin Templeton.

Aberdeen’s Macro Opportunities Strategy launched with $110 million in assets and is led by Maximilien Macmillan, the firm’s head of macro investments, multi-asset. It invests across global opportunities and adjusts positions as economic and market conditions shift. Initially, the pooled fund will be available only to Aberdeen’s own funds; share classes for external investors are expected as its track record develops. The daily-dealing vehicle is domiciled in Luxembourg and is open to institutional investors in a number of countries. Aberdeen also said an Asian sovereign wealth fund client is due to fund a $500 million mandate for its broader discretionary macro capability in the coming weeks.

Pictet’s Luxembourg SICAV, Pictet-Global Real Assets Dividend, targets long-term capital growth and inflation-resistant dividend income. Its portfolio is designed to hold 40 to 60 listed global companies that own or operate physical assets, including businesses in utilities, infrastructure, real estate and materials. The fund is registered for sale in Austria, Belgium, Finland, France, Germany, Italy for professional investors, Luxembourg, the Netherlands, Norway, Spain, Sweden and the UK. It is managed by James Wigley, Bruno Lippens, Josephine Moore and Lucia Macaccaro; the team has run a similar strategy for Japanese investors for more than 20 years and manages $8.5 billion.

Universal Investment has begun offering central administration, regulatory and distribution services for Belgian-domiciled funds after receiving approval for a Belgian branch and completing its local operating platform. The Frankfurt-based company said it had around €1.5 trillion ($1.66 trillion) in assets under administration across about 5,000 fund and investment mandates as of September 2026. Belgium joins Germany, Ireland, Sweden and Liechtenstein among the domiciles it serves, alongside Luxembourg.