Japan-style rates stir interest in high-dividend strategy: Pictet

Bruno Lippens of Pictet Asset Management admits that the firm made a mistake when it launched its high-dividend stock selection fund for Japanese investors in 2005. “We thought that outside of Japan there wasn’t going to be any interest for a product like this,” he tells AsianInvestor, “so we structured it in a way that we could not distribute it outside of Japan. “What we have seen since about a year ago is a very tangible demand from clients outside of Japan. I think the main reason…