Quantitative manager TOBAM has launched the All Countries World Equity fund which seeks to maximise diversification across 23 developed and 21 emerging markets.
The fund was seeded by an $80 million allocation from a leading European pension fund, and TOBAM said other investors have registered interest. Christophe Roehri, head of business development at TOBAM, said “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.” The fund has daily liquidity and an annual management charge of 1.3%. It is domiciled in France, and the base holding currency is US dollars.