PQNT · Exit · 1d
Pictet Asset Management's PQNT, which combines AI signals with factor exposures across its ~300 international developed-market stocks, removed Phoenix Asia Holdings Limited (PHOE) from its portfolio. This move is consistent with the fund's periodic rebalancing cadence and its AI-driven methodology, which assesses fundamentals, momentum, valuation, and sentiment to select its holdings. The gradual reduction in PHOE's weight from 0.1300% to 0.0000% between May 7th and May 16th, 2026, suggests the AI models detected deteriorating factor scores. For PHOE, a -12.7% 30-day return and its current price sitting at approximately 10% of its 52-week high likely triggered negative momentum or valuation signals within the fund's AI-powered framework, indicating the stock no longer met the criteria for inclusion in its ex-US developed-market universe.
weight 0.030% → 0 (exited)·stock down 25.6% in the 30 days before
May 16·entry $12.50·now $15.59