Pictet Adds Japan Stocks in Diversification Push After Midterms

The move represents Pictet's effort to broaden its investment strategy beyond technology stocks heavily influenced by artificial intelligence. The decision comes in the wake of the recent US midterm elections, which may signal shifts in market dynamics.

By increasing exposure to Japanese equities, Pictet aims to capitalize on potential growth opportunities in Asia's second-largest economy while reducing concentration risks in its multi-asset portfolio.