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

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.