Pictet Asset Management Launches Emerging Markets Equity and Debt ETFs for U.S. Market

Pictet Emerging Markets Debt ETF (EMFI) and Pictet Emerging Markets Rising Economies ETF (RISE) offer key EM exposure in Active ETF Format

NEW YORK--(BUSINESS WIRE)--Pictet Asset Management, part of the independent Geneva-based Pictet Group, today announced the launch of two actively managed exchange-traded funds (ETFs) designed to bring the firm’s emerging market strategies to U.S. financial advisors and investors. Pictet were among the first European asset managers to invest in emerging markets in the late 1980s.

Pictet Emerging Markets Debt ETF (EMFI) and Pictet Emerging Markets Rising Economies ETF (RISE) are Pictet’s fifth and sixth active, US-based ETFs.

EMFI and RISE invest in hard currency sovereign and corporate bonds, and equities respectively, offering exposure to both diverse alpha¹ opportunities from structurally improving economies and to demographic tailwinds across emerging markets.

As a strategic capability of the firm, Pictet manages over USD 20 billion in Emerging Markets and employs over 50 Emerging Markets specialist Investment Managers, Analysts and Strategists.

"As U.S. investors face a domestic landscape of high valuations and concentrated technology exposure, EMFI and RISE seek to offer access to global diversification across two fundamental asset classes,” said Elizabeth Dillon, CEO of Pictet Asset Management (USA). “Investing in emerging markets today requires a nuanced, active approach that recognizes the shifting fundamentals of global growth. These new funds are tapping into the next generation of global growth while intentionally managing risks like currency volatility and demographic shifts.”

“EMFI offers U.S. investors higher yields and diversification by investing in U.S. dollar-denominated emerging market sovereign and corporate bonds, minimizing currency risk. With stronger fundamentals and more proactive policies, emerging markets are outpacing developed economies,” said Chris Preece, Investment Manager, Emerging Market Debt at Pictet Asset Management.

“RISE targets dynamic economies like India, Brazil, and South Africa, countries with expanding working-age populations and strong GDP growth, but excludes China, South Korea, and Taiwan, which face demographic headwinds. This differentiated approach offers US investors unique emerging markets exposure, with greater weight in Financials, Industrials, Materials, and Consumer Goods, and less in Technology, great news for investors seeking to diversify away from the tech-heavy US market,” said Young Jae Lee, Senior Investment Manager, Emerging Market Equities at Pictet Asset Management.

EMFI and RISE join Pictet AI Enhanced US Equity (PQUS), Pictet AI Enhanced International Equity (PQNT), Pictet AI & Automation ETF (PBOT) and Pictet Cleaner Planet ETF (PCLN) in Pictet’s US Active ETF suite.

For more information about Pictet ETFs, please visit www.pictet.com/etf.

Notes to Editors

About Pictet Asset Management

Pictet Asset Management includes all the operating subsidiaries and divisions of the Pictet group that carry out institutional asset management and fund management. Pictet Asset Management Limited is authorised and regulated by the UK’s Financial Conduct Authority.

At 31^st March 2026, Pictet Asset Management managed USD 329 / CHF 264 / EUR 285 / GBP 249 billion in assets. Pictet Asset Management has eighteen business development centres worldwide, extending from London, Brussels, Geneva, Frankfurt, Amsterdam, Luxembourg, Madrid, Milan, Paris and Zurich to Hong Kong, Taipei, Osaka, Tokyo, Singapore, Shanghai, Montreal and New York.

About Pictet Group

The Pictet Group is a partnership of owner-managers, with principles of succession and transmission of ownership that have remained unchanged since its foundation in 1805. The Group focuses exclusively on wealth management, asset management, alternative investments and related asset services. It does not engage in investment banking, nor does it extend commercial loans.

With CHF 757 (EUR 813/USD 955/GBP 710) billion in assets under management or custody as at 31 December 2025, the Pictet Group is today one of Europe’s leading independent wealth and asset managers for private clients and institutional investors.

Founded and headquartered in Geneva, Switzerland, the Pictet Group currently employs some 5,500 people. It has 31 offices worldwide, in Amsterdam, Barcelona, Basel, Brussels, Dubai, Frankfurt, Geneva, Hong Kong, Lausanne, Lisbon, London, Luxembourg, Madrid, Milan, Monaco, Montreal, Munich, Nassau, New York, Osaka, Paris, Rome, Shanghai, Singapore, Stuttgart, Taipei, Tel Aviv, Tokyo, Turin, Verona and Zurich.

Disclosures and Important information

Investment Risks: Investing in Exchange Traded Funds (ETFs) involves risk, including possible loss of principal. ETF shares are bought and sold at market price, not net asset value (NAV), and are not individually redeemed from the fund. Market price returns may be calculated using the midpoint between the bid and ask prices.

Performance Disclaimer: Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. Investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost.

Regulatory Statement: Before investing, carefully consider the fund’s investment objectives, risks, charges, and expenses. This and other information can be found in the fund’s prospectus or, if available, the summary prospectus, which may be obtained by calling [phone] or visiting www.pictet.com/etf. Read it carefully before investing.

Debt Securities Risks: The values of debt securities may increase or decrease as a result of the following: market fluctuations, changes in interest rates, actual or perceived inability or unwillingness of issuers, guarantors or liquidity providers to make scheduled principal or interest payments, or illiquidity in debt securities markets. As a result, returns on investments in debt securities could trail the returns on other investment options, including investments in equity securities.

Emerging Markets Risk: Investing in securities of issuers located in emerging market countries generally is riskier than investing in securities of issuers located in foreign developed countries due to lower liquidity, market manipulation concerns, limited reliable access to capital, and differing company organizational structures. Emerging market countries may have unstable governments and/or economies that are subject to sudden change. These changes may be magnified by the countries’ emergent financial markets, resulting in significant volatility to investments in these countries. These countries also may lack the legal, business and social framework to support securities markets. Additionally, certain jurisdictions do not provide the Public Company Accounting Oversight Board (PCAOB) with sufficient access to inspect audit work papers and practices, or otherwise do not cooperate with U.S. regulators, potentially exposing investors in U.S. capital markets to significant risks.

Foreign Currency Risk: The Fund may invest in non-U.S. dollar denominated securities of foreign issuers. Where a fund’s net asset value is determined in U.S. dollars and the fund invests in non-U.S. dollar denominated securities, the fund’s net asset value could decline if the currency of the non-U.S. market in which the fund invests depreciates against the U.S. dollar, even if the value of the fund’s holdings, measured in the foreign currency, increases. Among the factors that may affect currency values are trade balances, the level of short-term interest rates, differences in relative values of similar assets in different currencies, long-term opportunities for investment and capital appreciation and political developments.

Equity Securities Risk: Equity securities are subject to changes in value, and their values may be more volatile than those of other asset classes. The value of a security may decline for a number of reasons that may directly relate to the issuer as well as due to general industry or market conditions. Common stock is subordinated to preferred securities and debt in a company’s capital structure. Common stock has the lowest priority, and the greatest risk, with respect to dividends and any liquidation payments in the event of an issuer’s bankruptcy.

Tax Considerations: ETF distributions may be taxable as ordinary income or capital gains, unless you are investing through a tax-deferred arrangement, such as a 401(k) plan or an individual retirement account.

Market Volatility: ETF shares may trade at a premium or discount to their NAV in the secondary market. Brokerage commissions will reduce returns.

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Performance: Market price returns are determined using the official closing price of the fund’s shares and do not represent the returns you would receive if you traded shares at other times.

Pictet Asset Management exchange-traded funds (ETFs) are actively managed and do not seek to replicate a specific index. ETF shares are bought and sold through an exchange at the then current market price, not net asset value (NAV), and are not individually redeemed from the fund. Shares may trade at a premium or discount to their NAV when traded on an exchange. Brokerage commissions will reduce returns. There can be no guarantee that an active market for ETFs will develop or be maintained, or that the ETF’s listing will continue or remain unchanged.

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¹ Alpha is a measure of how much better (or worse) an investment performs compared to its benchmark, after adjusting for risk. If an investment has a positive alpha, it means it earned more than similar investments in the overall market; a negative alpha means it underperformed. For example, if a fund’s benchmark index returns 5% and the fund earns 7%, its alpha is 2%.