Pictet Asset Management is the only non-Swedish investment firm to feature in the top ten most popular funds under Sweden's new state pension fund system.

Pictet's biotechnology fund climbed to fourth place on the list of the largest funds in the Swedish pension system, administered by Premiepensionsmyndigheten. Swedes can now put 2.5% of salaries into the new funded pension system and they have the choice of hundreds of funds.