Paris, January 14th, 2014 – The Paris-based quantitative asset manager TOBAM today announced the launch of its Anti-Benchmark All Countries World Equity fund.
This fund seeks to maximise diversification using a very large investable universe, MSCI ACWI (currently 23 developed markets and 21 emerging markets, app. 2500 constituents), as such having the potential to achieve the highest diversification of all existing Anti-Benchmark strategies.
The All Countries World Equity fund was launched with an initial funding in excess of $80 million from a leading European pension fund. Further significant interest from various other investors has already been registered, and the fund is expected to rapidly grow, alongside the Anti-Benchmark Emerging Markets Equity fund which gathers today over $1bn of assets under management, less than three years after launch.
This fund will complement TOBAM’s Anti-Benchmark equity open-ended funds range that now includes: All Countries World, Canada, EMU, France, Global Developed Markets, Global Emerging Markets, Japan, Pacific ex-Japan, UK and US.
Christophe Roehri, Head of Business Development, declared: “We are proud to announce the launch of the Anti-Benchmark All Countries World Equity fund, taking TOBAM’s diversification offer a step further. In April 2013 we launched a segregated mandate for a large institution with an ‘All Countries’ coverage, for $325 million. Since then we have worked to produce an open-ended vehicle suitable for a wider client base. In 2014, it is our intention to continue to propose Maximum Diversification solutions to respond to our clients’ evolving needs.”