The original version of the fund was launched in April 2011 and according to the firm, has returned 13.7% since inception, outperforming the index which returned -5.6%.
Investments will be made based on the firm’s maximum diversification approach, used on the non-Ucits counterpart. The Canadian Index includes a high concentration of energy, materials and financials companies, which the firm states is by-passed using the diversification approach, enabling them to offer investors the full equity risk premium.
The fund aims to outperform the S&P/TSX equity cap-weight benchmark by betwen 4% and 6% per annum over a market cycle. Domiciled in France, it has has a minimum investment of c$10,000 and a management fee of 1%.
Christophe Roehri, Head of Business Development with Tobam, said: “Tobham has been working extensively with leading Canadian institutional investors who are invested in the Anti-Benchmark strategy for global and emerging market equities. We have launched this fund in response to demand from both Canadian clients seeking an alternative to investing in their domestic market cap-weighted index and international clients seeking to improve the efficiency of their exposure to Canadian equities, often invested passively.
