SGD

PQNT · Exit · 1d

Pictet Asset Management’s PQNT, leveraging AI signals and factor exposures across its approximately 300 international developed-market holdings, divested SGD from the portfolio. The fund's analytical framework, which considers fundamentals, momentum, valuation, and sentiment, likely reassessed this "Cash" sector security following its recent market behavior. A substantial 30-day return of +443.6% would strongly influence the AI's models, triggering its removal during a periodic rebalance cycle after prior micro-allocations. This decision reflects the AI overlay’s dynamic response to significant shifts, ensuring the ex-US developed-market portfolio maintains alignment with its core investment criteria.

weight 0.010% → 0 (exited)·stock up 448.1% in the 30 days before

Jun 20·now $0.79

PQNT · Exit · 1d

The weight history for SGD in PQNT reveals a stepped, minor inclusion of 0.01% between June 11 and 12, followed by a complete removal from the portfolio by June 13. This fleeting position likely resulted from the AI’s detection of short-term momentum in SGD, which posted a 30-day return of +443.6% just prior, a strong signal for the fund’s AI and factor-based method incorporating momentum. However, despite this recent surge to $0.79, the stock remains 41% below its 52-week high, and its longer-term performance shows a 90-day return of -25.6%. This rapid exit suggests that upon further assessment during a periodic rebalance, or perhaps due to the "Cash" sector classification, other factor exposures like valuation or long-term sentiment did not align, leading Pictet Asset Management's AI overlay to swiftly deem SGD unsuitable for its broad ex-US developed-market equity portfolio.

weight 0.010% → 0 (exited)·stock up 448.1% in the 30 days before

Jun 13·now $0.79

PQNT · Exit · 1d

The weight change for SGD in PQNT shows a brief, stepped allocation of 0.01% that was quickly reversed, entering on May 23rd and fully exiting by May 28th. This short-duration inclusion of a minuscule weighting for a "Cash" sector asset, identified as SGD, aligns with its recent volatile price action, including a 30-day return of +443.6% contrasting with longer-term negative performance. Pictet Asset Management's PQNT, employing AI signals combined with factor exposures like momentum and sentiment, likely detected the sudden surge in SGD, triggering a low-conviction entry based on that immediate momentum. The subsequent swift removal from the ex-US developed-market portfolio, despite the periodic rebalancing, indicates that the AI's fundamental or valuation factors, or the overall prudence expected from a Swiss private bank managing a broad international stock fund, quickly overrode the short-term momentum signal, especially for an asset in the "Cash" sector exhibiting such extreme price swings.

weight 0.010% → 0 (exited)·stock up 448.1% in the 30 days before

May 28·now $0.79

PQNT · Exit · 1d

Pictet Asset Management's PQNT, an AI-managed ETF combining AI signals with factor exposures, initiated the removal of SGD from its portfolio on May 21, 2026, consistent with its periodic rebalancing schedule for its ~300 international developed-market stocks. While SGD experienced a significant +443.6% return in 30 days, its 90-day return was -25.6%, indicating a highly volatile price action that the fund's AI likely analyzed through momentum and valuation factors. The AI's assessment, factoring in the stock trading at $0.79 or 41% of its 52-week high alongside its one-year decline of 7.3%, suggests that even with recent short-term gains, the broader factor profile for SGD did not meet the fund's long-term criteria for inclusion in its ex-US developed-market universe.

weight 0.020% → 0 (exited)·stock up 448.1% in the 30 days before

May 21·now $0.79