There will be three new share classes made available, with a minimum investment of one unit (initial NAV £100).
The funds operating with the anti-benchmark strategies are the Tobam Anti-Benchmark UK Equity fund, which was launched in October 2006, the Anti-Benchmark Emerging Markets Equity fund which has an inception date of June 2011, and the Anti-Benchmark World Equity funds.
Tobam, which was founded in 2005, initiated UK coverage in May 2010. The anti-benchmark approach is designed to maximize the degree of diversification when selecting the weighting of assets in the portfolio allocation process.
Yves Choueifaty, President of Tobam, said: “The inherent biases of the market-cap weighted index affect institutional and retail clients alike. The anti-benchmark provides a solution for anyone seeking to avoid the strong concentrations of the index and maximises diversification as a core strategy in their investment portfolio.”
