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French Asset Manager Rolls Out "Anti-Benchmark" Fund
Tom Burroughes
12 July 2011
TOBAM, the French asset management firm, has launched the Anti-Benchmark Emerging Markets Equity fund, designed to gain exposure to fast-growing markets without the distorting impact of tracking a market index, the firm said yesterday. The fund – structured as a UCITS vehicle – is designed to hold the widest possible array of investments across the “emerging markets universe”, often noted for a large number of political, geographic and sector risks, the TOBAM said. The portfolio is designed to beat the emerging markets equity cap-weighted benchmark by 4-6 per cent per year over the course of a market cycle but at relatively low volatility, typically around 30 per cent. The fund, launched on 30 June, has so far raised $135 million in assets. TOBAM oversees a total of $2 billion of investment strategies for institutional clients.