SWISS manager Pictet International is attacking the U.S. market by adding two funds to its U.S. fund lineup. The two new funds are the Pictet European Equity Fund and the Pictet International Equity Fund. Kevin McLean, head of Pictet's U.S. funds business said the firm is launching the funds as part of a push into the United States. "Within five years, our goal is to manage more than $1 billion in assets," he said.

Pictet is a private-bank based in Switzerland founded in 1805 and claims more than $100 billion in assets under management. It currently offers three funds in the U.S. -- the Pictet Global Emerging Markets, the Pictet Eastern Europe and the Pictet International Small Companies Funds.

The Pictet European Equity Fund is a large cap fundand is team managed by Scott Jaffray, Stephen Burrows, Alessandro Lunghi, Mike O'Hara and Grant Cullens.

The Pictet International Equity Fund invests primarily in equities listed on the Morgan Stanley Capital International Europe, Australasia and Far East Index (MSCI EAFE Index) and is team-managed by Mark Boulton, Richard Heelis, Michael Collins and Paul Parsons.

Both funds will be distributed by Provident Distributors. 

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