Ossiam, an affiliate of Natixis Global Asset Management (NGAM), has launched its latest exchange-traded fund, offering access to its minimum variance strategy applied to global developed equity markets.
The new fund – Ossiam ETF World Minimum Variance NR – replicates the performance of the Ossiam World Minimum Variance Index NR.
The aim of the index is to deliver the net total return performance of a selection of the most liquid stocks from the S&P Global 1200 Index NR2, weighted to minimise the risk of the total portfolio. The index is calculated and published on a real time and end-of-day basis by Standard & Poor’s. It has a total expense ratio of 0.65 per cent per annum.
The fund will be listed on 22 October 2012 on NYSE Euronext Paris, Borsa Italiana in Milan, Deutsche Börse in Frankfurt and on 29 October 2012 on the London Stock Exchange.
In the UK, the new ETFs will be listed in GBP and USD and distributed and marketed through NGAM UK.
Bruno Poulin, chief executive of Ossiam, says: “Following the success of its minimum variance strategy in other products, Ossiam recognised the opportunity to make available to investors a means of investing in a global equities portfolio that aims to reduce volatility. Ossiam’s Minimum Variance ETFs offer access to diversified portfolios – exposed to equity markets with on average a 30 per cent reduction in volatility and drawdowns in a systematic framework.”