fixed income

After successfully pioneering in Smart Beta Equities, TOBAM’s research team worked for several years in order to effectively apply the firm’s Maximum Diversification® patented approach to the complexities of the corporate debt market.

In 2014, TOBAM was able to expand its product offering and launched the Anti-Benchmark Credit strategies.

The traditional market cap-weighted method of allocation within a bond universe does not, by construction, allow the investor to access the full risk premium. Issuer-weighted bond indices tend to take on heavy structural biases:

BofA Merrill Lynch US IG & High Yield Corporate Index: Risk-weighted sector weights
 

TOBAM’s approach to credit markets offers investors a consistent, scalable and transparent way to collect the credit risk premia without suffering the risk concentrations inherent to other indexed products.

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