<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000945774
<NAME> PICTET FUNDS
<SERIES>
<NUMBER> 1
<NAME> PICTET GLOBAL EMERGING MARKETS FUND
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-START> JAN-01-2000
<PERIOD-END> JUN-30-2000
<INVESTMENTS-AT-COST> 146,276,755
<INVESTMENTS-AT-VALUE> 151,220,587
<RECEIVABLES> 5,359,923
<ASSETS-OTHER> 26,312
<OTHER-ITEMS-ASSETS> 2,283,909
<TOTAL-ASSETS> 158,890,731
<PAYABLE-FOR-SECURITIES> 3,063,808
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,658,814
<TOTAL-LIABILITIES> 4,722,622
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 189,425,766
<SHARES-COMMON-STOCK> 17,269,671
<SHARES-COMMON-PRIOR> 17,069,782
<ACCUMULATED-NII-CURRENT> (372,552)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (39,710,604)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 4,825,499
<NET-ASSETS> 154,168,109
<DIVIDEND-INCOME> 1,263,639
<INTEREST-INCOME> 108,166
<OTHER-INCOME> 0
<EXPENSES-NET> 1,515,824
<NET-INVESTMENT-INCOME> (144,019)
<REALIZED-GAINS-CURRENT> 8,790,524
<APPREC-INCREASE-CURRENT> (46,430,726)
<NET-CHANGE-FROM-OPS> (37,784,221)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 353,867
<NUMBER-OF-SHARES-REDEEMED> 153,978
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (36,107,092)
<ACCUMULATED-NII-PRIOR> (228,533)
<ACCUMULATED-GAINS-PRIOR> (48,501,128)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,114,002
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,629,483
<AVERAGE-NET-ASSETS> 179,021,659
<PER-SHARE-NAV-BEGIN> 11.15
<PER-SHARE-NII> (.01)
<PER-SHARE-GAIN-APPREC> (2.21)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 8.93
<EXPENSE-RATIO> 1.70
</TABLE>
