JPY

PQNT · Sudden change · 1d

The AI-driven PQNT, managed by Pictet Asset Management and targeting developed-international equities, exhibited a distinct shift in its JPY (CASHJPY) allocation on June 24, 2026, rapidly increasing from a stable 0.0200% to 0.6700% within its portfolio. This sudden elevation in a cash position, which subsequently reduced to 0.0300% on June 25, suggests the fund's AI signals, combined with its factor exposures (fundamentals, momentum, valuation, sentiment), triggered a short-term defensive or liquidity-generating maneuver, rather than a long-term investment in a cash instrument. The unusual increase occurred as PQNT itself had registered a +27.4% 1-year return, but was trading at $36.41, nearing its 52-week high at 96% of the $37.75 peak. Such a precise, swift adjustment in a minor cash holding within a portfolio typically comprising ~300 international developed-market stocks highlights the active, AI-guided rebalancing mechanism designed to navigate the market dynamics of its ex-US developed universe.

weight 0.670% → 0.030% (-0.640 pp)·stock down 1.6% in the 30 days before

Jun 25·entry $36.46·now $36.63

PQNT · Sudden change · 1d

PQNT, managed by Pictet Asset Management, registered a significant shift on 2026-06-24, increasing its allocation to JPY (CASHJPY) from 0.0200% to 0.6700%. This substantial increase in a developed-market currency reflects the fund’s AI signals combined with factor exposures targeting its broad ex-US developed-market universe. This portfolio adjustment occurred as the ETF's current price of $36.53 sat at 97% of its 52-week high of $37.75, following a strong 1-year return of +27.5%. The AI overlay, which incorporates valuation and sentiment factors, likely identified a tactical need for increased liquidity or a more defensive posture given these market levels. For this newer fund, launched in 2025, a significant allocation to JPY, rather than a specific equity, illustrates the AI system's dynamic response to market conditions within its ex-US developed-market mandate, despite its primary focus on international stocks.

weight 0.020% → 0.670% (+0.650 pp)·stock down 0.4% in the 30 days before

Jun 24·entry $36.41·now $36.63

PQNT · Weight decrease · 2d

Currently priced at $37.15, the asset stands at 100% of its 52-week high, following a 1-year return of +32.4%. Pictet Asset Management’s PQNT, which integrates AI signals with factor exposures like valuation and momentum across its developed-international universe, likely assessed this price level. The fund’s AI system temporarily increased JPY’s weight to 0.52% on May 28, 2026, perhaps capturing a transient market condition. However, with JPY trading at its high, the AI’s continuous rebalancing, driven by factor inputs, led to a swift, consecutive reduction in its weight to 0.03% and then 0.02%, indicating a lack of sustained conviction at that valuation.

weight 0.520% → 0.020% (-0.500 pp)·stock up 8.9% in the 30 days before

May 31·entry $37.10·now $36.63

PQNT · Sudden change · 1d

The Pictet Asset Management's PQNT fund, employing AI signals and factor exposures across its developed-international universe, showed a distinct, brief increase in its JPY (CASHJPY) allocation from 0.0200% on May 27, 2026, to 0.5200% on May 28, then down to 0.0300% by May 30. This rapid tactical adjustment for a portfolio consisting of approximately 300 international developed-market stocks (ex-US) suggests a short-term liquidity management event. Occurring when the ETF's price reached $37.15, the 100% mark of its 52-week range, the AI overlay likely directed the fund to temporarily hold proceeds from the Japanese equity segment. Such a move aligns with PQNT's periodic rebalancing schedule, potentially capturing gains or positioning capital before reinvestment within its specific broad ex-US developed-market mandate.

weight 0.520% → 0.030% (-0.490 pp)·stock up 8.9% in the 30 days before

May 30·entry $37.10·now $36.63

PQNT · Sudden change · 1d

The PQNT ETF, currently trading at $37.09 and marking its 52-week high after achieving a 1-year return of +35.6%, indicates sustained performance within its ex-US developed-market mandate. Pictet Asset Management's AI-driven method, which integrates factor exposures like valuation and sentiment, likely detected elevated conditions across its international equity holdings. This likely prompted the AI to significantly increase its allocation to JPY (CASHJPY) from a nominal 0.02% to 0.52% on May 28, 2026, a twenty-five-fold adjustment. This strategic shift into a developed-market cash position suggests the AI is signaling a period of caution or capital preservation, aligning with the fund's periodic rebalancing rather than daily adjustments at a time when the ETF is at the upper end of its historical price range.

weight 0.020% → 0.520% (+0.500 pp)·stock up 7.6% in the 30 days before

May 28·entry $37.09·now $36.63