Pictet AI & Automation ETF (PBOT) is an actively managed exchange-traded fund that seeks long-term capital appreciation by investing at least 80% of its net assets in global equity securities of companies benefiting from artificial intelligence (AI) and automation technologies; these include firms across the AI value chain such as semiconductors, software, robotics, cybersecurity, and related industrials; the portfolio emphasizes fundamental analysis of sales and EBITDA contributions to AI/automation, with significant exposure to information technology (over 25%), alongside communication services and consumer discretionary sectors; top holdings typically feature leading names like Alphabet Inc., Taiwan Semiconductor Manufacturing Co., NVIDIA Corp., KLA Corp., and SAP SE, comprising around 28-45% of assets among 50+ positions; the fund trades on NYSE Arca with a net expense ratio of 0.70% and total net assets of approximately $10 million.
Launched on October 15, 2025, PBOT represents Pictet Asset Management's inaugural U.S.-listed ETF, introduced alongside two sister funds, Pictet AI Enhanced International Equity ETF (PQNT) and Pictet Cleaner Planet ETF (PCLN), to expand access to the firm's thematic strategies for U.S. financial advisors and investors.
Pictet Asset Management, part of the independent Geneva-based Pictet Group founded in 1805 and headquartered in Geneva, Switzerland, manages over $800 billion in assets and operates globally with offices in 30 locations across 19 countries, serving institutional investors, financial intermediaries, and high-net-worth clients.