TOBAM, the Paris-based asset manager, has extended its access to international investors, by making seven strategies in its SICAV range available to investors in Italy, Spain, Switzerland, Finland, Netherlands and Belgium.
The firm has already opened its funds to retail investors in France, the UK, Germany and Austria. TOBAM also boasts major institutional clients from all those countries, as well as five of the six new countries now accessible to international investors.
The registration means that retail investors in the six European countries will, for the first time, have access to up to seven of the firm’s funds, including its flagship Anti-Benchmark All Countries World (ACWI), Emerging Markets, US and World Equity Funds.
The firm reached the USD8 billion milestone of assets under management last month, following recent inflows from a number of major institutional investors across the world. The firm’s strategy is to now build upon the credibility brought by global leading asset owner’s allocations, strong performance and track records for its Anti-Benchmark® fund range to start building its retail investment base.
The registered funds all boast strong performance. Three of the four registered funds have surpassed the USD1 bn mark of assets under management and a three year track record. The 4th fund, Anti-Benchmark ACWI is the strategy based on the largest investment universe and offers the highest diversification opportunities. As a result, TOBAM believes they are ideally suited to be the first Anti-Benchmark strategies to be offered to retail investors, and expects to see strong appetite via distribution networks across Europe.
TOBAM, one of the pioneers of smart beta, uses a patented Anti-Benchmark® strategy, founded by Yves Choueifaty, which maximises diversification while simultaneously avoiding the concentration of risk found in traditional market-cap weighted benchmarks.
Christophe Roehri, Managing Director of TOBAM, says: “Having built up an impressive asset base from institutional investors, we are now focused on a dedicated push to increase our assets from retail investors. As we grow the international footprint of our Anti-Benchmark range, the new registrations mean that retail investors in ten European countries can now benefit from our flagship strategies.”
“The six new countries are all major markets for investment fund sales in Europe, and regions that are have recognised the value of smart beta as an investment strategy. We are confident that our track record, approach and performance, will make our funds stand out in the all-encompassing ‘smart beta’ space, and will result in significant interest from retail investors via distribution networks.”