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Rating:Pictet Liquidating Five Star Fund Not Rated 4.0 Email Routing List Email & Route  Print Print
Thursday, April 03, 2003

Pictet Liquidating Five Star Fund

by: Sean Hanna, Editor in Chief

Pictet Funds is planning to liquidate its Eastern European Fund according to filing with the SEC. The decision to return the assets in the fund to shareholders come despite the fund's having earned five stars from Morningstar.

The fund holds only $2 million in assets. Swiss private bank Pictet & Cie launched the fund in 1998, but was never able to attract adequate numbers of investors. 

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