multi asset : anti-benchmark® strategies
TOBAM’s multi-asset strategy invests in Anti-Benchmark strategies and uses the Maximum Diversification® approach to allocate across different strategies and to provide diversification within & among several asset classes.
The Anti-Benchmark® multi asset process aims to achieve maximum diversification without macroeconomic views and without forecasting asset prices evolutions. TOBAM’s Multi-Asset portfolio is 100% bottom-up driven.
The strategy:
- Seeks to avoid risk concentration and provide steadier capital growth than market cap-weighted indices
- Is long-only, with no leverage and fully invested
- Allocates dynamically using Anti-Benchmark® strategies to maximise diversification within & among asset classes
- Combines allocation to Equity, Credit Strategies as well as other diversifiers (Bitcoin and Blockchain related equity, inflation assets)
- Implements a proprietary ESG policy (SRI Exclusion List / ESG integration / Systematic Carbon Footprint Reduction / Engagement & Voting)
Investment philosophy
PERFORMANCE AT
GROSS PERFORMANCE | VOLATILITY | 1-YEAR |
3-YEAR | ||
5-YEAR | ||
ITD (Inception to Date) |
DOWNLOADS
PROSPECTUS :
KIID :
ANNUAL REPORT :
Investment philosophy
PERFORMANCE AT
GROSS PERFORMANCE | VOLATILITY | 1-YEAR |
3-YEAR | ||
5-YEAR | ||
ITD (Inception to Date) |
COMPOSITION & BREAKDOWNS
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TOBAM BENCHMARK STATEMENT :
TOBAM COMPLIANCE STATEMENT :
Source: TOBAM The information provided relates to past performance. Past performance is not a reliable indicator of future results and should not be the sole factor of consideration when selecting a product or strategy. Performance is shown on a Net Asset Value (NAV) basis, with gross income reinvested where applicable. The return of your investment may increase or decrease as a result of currency fluctuations if your investment is made in a currency other than that used in the past performance calculation. The sub-funds mentioned in the website are either part of Most Diversified Portfolio SICAV, an open-ended Luxembourg-based investment company (Société d’Investissement à Capital Variable), validly formed and existing in accordance with the laws of Luxembourg and which is registered with the CSSF (Commission de Surveillance du Secteur Financier), or part of an AMF declared FCP (fonds commun de placement). TOBAM is the global distributor and the manager of the SICAV. The sub-funds may not be eligible for sale in some states or countries and they may not be suitable for all types of investors. In particular, they are not eligible for sale in the US. The sub-funds presented on this site may only be subscribed in the jurisdictions in which their marketing and distribution are authorized. TOBAM advises all interested parties to check in advance whether they are legally entitled to subscribe to the sub-funds presented on the website. The reader of this message is requested to ensure that he/she is legally authorized to consult this site from the country from which the connection has been established. Any investment in Most Diversified Portfolio SICAV should be made on the basis of the current legal documents (prospectus, KIID and reports). Past performance is not a guarantee of future performance and may fluctuate over time. For details of the investment risks, see the current KIID and prospectus in its entirety. All investors should seek the advice of their legal and/or tax counsel or their financial advisor prior to any investment decision in order to determine its suitability. The value and income produced by an investment may be adversely affected by exchange rates, interest rates, or other factors so that an investor may get back less than he or she invested. If a product is income producing, part of the capital invested may be used to pay that income. All the information contained herein may not be reproduced in any form without the express permission of TOBAM and to the extent that it is passed on, care must be taken to ensure that any reproduction is in a form which accurately reflects the information presented here. Whilst TOBAM believes that the information is correct at the date of production, no warranty or representation is given to this effect and no responsibility can be accepted by TOBAM to the recipient of this document or end users for any action taken on the basis of the information contained herein. No reliance may be placed for any purpose on the information and opinions contained in this document or their accuracy or completeness. Opinions expressed herein reflect the opinion of TOBAM and are subject to change without notice. This website is not a transactional site. This website is for information purposes only and does not constitute a recommendation, solicitation, offer, advice or invitation to purchase or sell any sub-funds or to enter in any transaction and should in no case be interpreted as such, nor shall it or the fact of its distribution form the basis of, or be relied on in connection with, any contract for the same.
fixed income : anti-benchmark® strategies
The Anti-Benchmark® credit process aims at achieving high issuer diversification and avoiding the risk concentrations inherent to issuer-weighted bond indices, without taking views on interest rates or overall credit exposure.
TOBAM developed a unique set up to fixed income investing that combines the best of both worlds: an approach using a patented quantitative portfolio management tool, the “Diversification Ratio®, combined, because of the high qualitative idiosyncrasies of issues and issuers, with a discretionary step leveraging the expertise of dedicated Credit portfolio managers.
The strategy:
- Seeks to avoid issuers’ risk concentration and provide steadier capital growth than market cap-weighted indices
- Is long-only, unleveraged and fully invested
- Matches benchmark average duration (+/-10%)
- Complies with TOBAM ESG policy (SFDR article 8)
- Has a proven Track Record across many market regimes and across both corporate Global IG and HY markets
Investment philosophy
PERFORMANCE AT
GROSS PERFORMANCE | VOLATILITY | 1-YEAR |
3-YEAR | ||
5-YEAR | ||
ITD (Inception to Date) |
DOWNLOADS
PROSPECTUS :
KIID :
ANNUAL REPORT :
Investment philosophy
PERFORMANCE AT
GROSS PERFORMANCE | VOLATILITY | 1-YEAR |
3-YEAR | ||
5-YEAR | ||
ITD (Inception to Date) |
COMPOSITION & BREAKDOWNS
DOWNLOADS
TOBAM BENCHMARK STATEMENT :
TOBAM COMPLIANCE STATEMENT :
Source: TOBAM The information provided relates to past performance. Past performance is not a reliable indicator of future results and should not be the sole factor of consideration when selecting a product or strategy. Performance is shown on a Net Asset Value (NAV) basis, with gross income reinvested where applicable. The return of your investment may increase or decrease as a result of currency fluctuations if your investment is made in a currency other than that used in the past performance calculation. The sub-funds mentioned in the website are either part of Most Diversified Portfolio SICAV, an open-ended Luxembourg-based investment company (Société d’Investissement à Capital Variable), validly formed and existing in accordance with the laws of Luxembourg and which is registered with the CSSF (Commission de Surveillance du Secteur Financier), or part of an AMF declared FCP (fonds commun de placement). TOBAM is the global distributor and the manager of the SICAV. The sub-funds may not be eligible for sale in some states or countries and they may not be suitable for all types of investors. In particular, they are not eligible for sale in the US. The sub-funds presented on this site may only be subscribed in the jurisdictions in which their marketing and distribution are authorized. TOBAM advises all interested parties to check in advance whether they are legally entitled to subscribe to the sub-funds presented on the website. The reader of this message is requested to ensure that he/she is legally authorized to consult this site from the country from which the connection has been established. Any investment in Most Diversified Portfolio SICAV should be made on the basis of the current legal documents (prospectus, KIID and reports). Past performance is not a guarantee of future performance and may fluctuate over time. For details of the investment risks, see the current KIID and prospectus in its entirety. All investors should seek the advice of their legal and/or tax counsel or their financial advisor prior to any investment decision in order to determine its suitability. The value and income produced by an investment may be adversely affected by exchange rates, interest rates, or other factors so that an investor may get back less than he or she invested. If a product is income producing, part of the capital invested may be used to pay that income. All the information contained herein may not be reproduced in any form without the express permission of TOBAM and to the extent that it is passed on, care must be taken to ensure that any reproduction is in a form which accurately reflects the information presented here. Whilst TOBAM believes that the information is correct at the date of production, no warranty or representation is given to this effect and no responsibility can be accepted by TOBAM to the recipient of this document or end users for any action taken on the basis of the information contained herein. No reliance may be placed for any purpose on the information and opinions contained in this document or their accuracy or completeness. Opinions expressed herein reflect the opinion of TOBAM and are subject to change without notice. This website is not a transactional site. This website is for information purposes only and does not constitute a recommendation, solicitation, offer, advice or invitation to purchase or sell any sub-funds or to enter in any transaction and should in no case be interpreted as such, nor shall it or the fact of its distribution form the basis of, or be relied on in connection with, any contract for the same.
Exclusion policy
TOBAM offers a quantitative management approach which integrates socially responsible investment criteria via an exclusion list.
Applied to equity and fixed income strategies, respectively since 2007 and 2015, we are looking at Maximum Diversification® indices since 2011, this negative screening is based on the exclusion list published by the Norges Bank, a renowned investment institution and founding member of the PRI , as some other leading institutions.
This exclusion list involves controversial products ( Tobacco, Coal, Weapons ) and other controversial behaviors ( Human rights, Environment and International Laws, severe damages or breaches ).
We are committed to third parties, the industry and the investment companies as another crucial step towards the promotion and development of responsible investment.
Fossil-free focus on two strategies
TOBAM also applies a 100% fossil-fuel free approach to two of its strategies: Anti-Benchmark® Emerging Markets Equity and Anti-Benchmark® Global High Yield.
Companies with significant involvement in the production, sales or extraction of fossil fuels (including coal, coal power generation, oil and gas) are excluded from the investment universes of both strategies.
Downloads :
EXCLUSION POLICY |
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Your jurisdiction may not give you full access to the list of funds distributed by TOBAM, for more information please contact [email protected]
Select your country of residence
Your jurisdiction may not give you full access to the list of funds distributed by TOBAM, for more information please contact [email protected]
DISCLAIMER :
Under the Markets in Financial Instruments Directive (MiFID), we may treat you as an elective professional client if, after our assessment of your expertise, experience, and knowledge of you, we are reasonably assured that, in light of the nature of the transactions or services envisaged, you are capable of making your own investment decisions and understanding the risks involved. This is the “qualitative test”.
In making our assessment we may rely on information we already possess about you and/or request additional information from you and/or call you to discuss your investment experience.
WARNING: Professional vs Retail Categorisation:
As a Professional Client, you are granted fewer protections than if you were categorised as a Retail Client. In particular:
1. you are likely to be provided with less information with regard to us, our services and any investments (for example on costs, commissions, fees and charges);
2. communications, including financial promotions made by us with professional clients are not subject to all of the requirements imposed by MiFID on communications with Retail clients.
3. where we assess the appropriateness of a product or service, we can assume that you have sufficient knowledge and experience to understand the risks involved;
4. if we are required to assess the suitability of a personal recommendation made to you, we can assume that you have sufficient experience and knowledge to understand the risks involved, and can sometimes assume that you are able financially to bear any investment risks consistent with your investment objectives;
5. when fulfilling our best execution requirements we are not required to prioritise the overall costs of the transaction as being the most important factor in achieving best execution for you;
6. we do not need to inform you of material difficulties relevant to the proper carrying out of your order(s) promptly;
7. should we provide you with periodic statements, we are not required to provide them as frequently as for Retail Clients; and
8. you are likely to have fewer rights to compensation of loss in the event of our bankruptcy under any scheme under local law for the payment of compensation.
Client Declaration and Warranties:
1. You have carried out transactions, in significant size, on the relevant market at an average frequency of 10 per quarter over the previous 4 quarters.
2. The size of your financial instrument portfolio, defined as including cash deposits AND financial instruments, exceeds EUR 500,000.
3. You work or have worked in the financial sector for at least one year in a professional position, which requires knowledge of the transaction or services envisaged.
Please consult our data protection policy (Chapter 16) on our website.
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This website is not intended for persons in jurisdictions in which the publication of its content is illegal, or for whom access to this content is illegal due to their nationality or place of residence. The same applies for countries for which TOBAM has not applied for marketing authorization. The information on this site is not intended for distribution to, or use by, any person or entity in any country or jurisdiction where such distribution or use would be contrary to law or regulation, or which would require TOBAM to comply with any registration requirements of such countries or jurisdictions. In this respect, the marketing authorization for TOBAM Bitcoin linked strategy has only been granted in France. In particular, it is stipulated that the undertakings for collective investment (UCI) have not been and will not be registered with the US Securities and Exchange Commission as provided by the Investment Company Act of 1940 and its amendments or any other regulation on transferable securities.
All information on this site is provided for information purposes only. No information appearing on this site shall be considered as an offer of services or products, in particular investment services, from TOBAM, nor as an offer or solicitation of an offer to buy or sell financial instruments or any other investment product, nor as advice for any investment or arbitrage of financial instruments or any other management or investment product. The information on the TOBAM website does not constitute investment, legal, tax or other advice. Nor may it be considered as the basis for an investment decision or any other decision. Any investment decision must be based on relevant, specific, and professional advice. Any person wishing to obtain one of the services or products presented here is requested to contact TOBAM, in order to find out about the availability of the service or product in question as well as the contractual conditions and fees applicable to it.
If you wish to invest, you should also contact your advisor, who will help you to assess whether the products are suitable for your investment needs and objectives and will also explain the potential risks. Investment in funds should only be made after consulting the regulatory documentation. These documents can be obtained either from this site or directly from TOBAM.
By clicking on “I accept” below, you confirm that you have read and understood the information on this page, you agree to comply with this information, and you confirm that your access to this website is in compliance with the applicable laws and regulations of your jurisdiction or country of residence.
We also remind you that by continuing to use this Site, you agree to be bound by our current Legal Information. Please ensure that you have reviewed and fully understand the most current version.
Stewardship policy
tobam considers stewardship as a way to consider its shareholder and creditor position on behalf of its clients to influence investee companies, investors, the asset management industry and our clients. The objective is to take responsibility for long-term value creation, including the value of common economic, social and environmental assets.
tobam uses several tools to achieve an efficient stewardship policy and further integration of ESG principles and good corporate governance in the companies in which it invests.
tobam’s Stewardship policy’s primary objective is to identify and influence investee companies under controversies or facing ESG challenges and to use our shareholder and creditor responsibility as a way to further the dialogue and to influence best practices. Management of potential reputational, legal, environmental, social risks is the priority of tobam’s stewardship policy.
tobam uses General Assembly Votes, Engagement, Contribution to Public Goods (Research) and Public Discourse (media & Conferences) to enhance its stewardship responsibility, reach better understanding of investee companies’ policies, develop risk monitoring of controversies, ESG and climate related risks and promote best practices.
Downloads :
STEWARDSHIP POLICY | ENGAGEMENT POLICY | VOTING REPORT | ALL VOTING DECISIONS | ENGAGEMENT REPORT |
ESG integration
TOBAM’s Research team has built a proprietary methodology to construct the ESG FOOTPRINT of each individual stock holding in our portfolios, hence the ESG footprint of our portfolios.
Using officially published data from Bloomberg in order to monitor the E, S and G criteria for all listed companies of our investment universe:
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- E: existence of climate change / biodiversity / energy efficiency policies ; green building, water and waste usage…
- S: Ethics/Equal opportunity/training/ consumer data protection/whistleblowing policies, CSR committee in place, supply chain management ….
- G : Number of board meetings per year, % independent directors, chairman tenure, % non-executive directors in board …
TOBAM’s is now integrating ESG and has implemented this hard constraint to all our equity portfolio, in order to optimize portfolios so that they, at minima, match the ESG footprint of their respective benchmark.
As usual, TOBAM’s integration efforts is built in parallel to significant research efforts to ensure that these new additions did not significantly impact the characteristics of our portfolio in terms of risk/return profile, as well as diversification structure.
TOBAM is currently working on integrating the ESG footprint to fixed income portfolios.
Downloads :
SUSTAINABILITY REPORT | SRI POLICY | ADVERSE SUSTAINABILITY IMPACTS STATEMENT |
US PATENT
CANADIAN PATENT
AUSTRALIAN PATENT
JAPANESE PATENT
aurélia boulanger, promising triathlete
We are really proud to have another beneficiary of the Initiative, Aurélia Boulanger, a very talented young triathlete.
Aurelia just graduated as an engineer, specialized in urban planning and sustainable buildings.
She started her triathlete career in 2018, and became the winner of the 2019 French long distance triathlon.
TOBAM is proud to support a female athlete, in a sport that is less prone to media attention but requires an absolute dedication and commitment to trainings and competition.
Her objective this year is to qualify for the Triathlon 70.3 World Championship, due to be held on December 2022 in New Zealand. This “half-Ironman” is a long-distance triathlon race consisting of 1.9km swim (1.2 mile), 90km bike (56 miles), and 21.1km run (13.1 miles) !
Aurelia’s dedication to her sport, trainings and objectives sets a high example for all of us. We are happy to support Aurélia for her future endeavours.
Discover Aurélia’s interview from April 2022
Good Luck Aurélia!

justin bécret, rising surf star
Born in Bayonne (South West of France) in 2001, Justin grew up with his feet in the sands.
Supported by his parents who 15 years ago, established the Natural Surf Lodge, between lake, forest and ocean. This environmentally responsible living environment, provides Justin with a beneficial and suitable structure for his training.
A native from the European capital of board sports, Justin has a great desire to travel the world (Australia, Tahiti, Hawaï, Denmark..) which he will be able to do upon being successful in joining the professional circuit, the CT.
In 2022, Justin has been selected to join the highly prestigious and is looking to participate to the Olympic games in Paris in 2024.
TOBAM is proud to support this young athlete, who remains humble and accessible. Go for it Justin!
If you want to learn more about Justin, please read “Life of a Surfer“
