The folks at a $349-billion-AUM*, multinational asset manager from Switzerland are rolling out their fourth ETF for U.S. investors

Elizabeth Retta "Liz" Dillon Pictet Asset Management (USA) CEO

Last week, David Wright, head of quantitative investments at Pictet Asset Management, and Liz Dillon, CEO of New York City-based Pictet Asset Management (USA), unveiled the launch of the Pictet AI Enhanced US Equity ETF (PQUS). Geneva-based Pictet Asset Mnaagement S.A. serves as the new fund's investment advisor, while Milwaukee-based Tidal Investments, LLC serves as subadvisor.

PQUS' inception date was February 25. The new ETF comes with an expense ratio of 22 basis points, and the fund now has about $5 million in AUM**.

The Pictet team describes PQUS as the U.S.-focused counterpart to PQNT, which was one of the first three ETFs that Pictet's U.S. team launched when entering the space 4 months earlier. Both PQNT and PQUS are PMed by the same duo of portfolio managers, senior investment manager Stephane Paul and IM Alexandra Nagy, and both ETFs are powered by Pictet's quantitative investments unit. PQNT now has about $8.6 million in AUM**.

"PQUS and PQNT enable investors to build AI-enhanced exposure across both U.S. and international developed markets within a single, integrated framework," Wright states. "The approach seeks to deliver consistent active outperformance without the black box approach of many quantitative strategies."

"The addition of PQUS to our ETF offering further illustrates our commitment to delivering pioneering investment strategies built upon Pictet's robust research in the formats advisors and investors want," Dillon states.

Like Pictet's U.S. arm's 1st 3 ETFs, PQUS is listed on the NYSE Arca and is an actively managed series of the 2023 ETF Series Trust. It also uses the same service providers, including:

Brown Brothers Harriman & Co. (BBH) as administrator, custodian, dividend disbursing agent, and transfer agent;

ACA's Foreside Fund Services as distributor;

Morgan, Lewis & Bockius LLP as counsel;

PricewaterhouseCoopers LLP as independent accounting firm; and

Tidal ETF Services LLC as principal trust admininstrator.

*As of January 31, 2026.

As of March 3, 2026 (yesterday). 

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