Pictet International Management, a private bank in Switzerland, has launched the U.S. first ‘Water’ fund. The Pictet Global Water Fund, which will invest primarily in the water industry, is modeled after a similar fund that Pictet launched in Europe in 2000.

The fund will invest at least 80% of its assets in companies around the world that "specialze in water-producing operations, services for water conditioning and desalinization, supplying consumer water, and waste-water treatment facilities, among others," according to the company.

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