Ossiam, an affiliate of Natixis Global Asset Management (NGAM) offering exchange-traded funds, has listed its ETFs tracking the Ossiam World Minimum Variance Strategy on the Swiss SIX Exchange.
The new ETFs replicate 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’s3.
ETFs tracking the index were first listed on NYSE Euronext Paris, Borsa Italiana in Milan, Deutsche Börse in Frankfurt and the London Stock Exchange in October 2012. The strategy is now available to Swiss investors.
As of 15 April 2013, the combined assets under management for OSSIAM ETF World Minimum Variance NR fund were EUR24.3m. Ossiam managed a total of EUR709m in assets.
Bruno Poulin, chief executive of Ossiam, says: “Our World Minimum Variance strategy has made the Ossiam investment team the best-performing manager on the amLeague platform for global equities year-to-date. We are now making the strategy available in ETF wrappers to Swiss investors. This gives them access to a successful minimum variance strategy applied to global equities in world developed markets, either in euro or US dollar, thus diversifying their portfolios while controlling volatility. Switzerland is a key market where we see significant opportunities and investor interest.”
The new ETFs are distributed and marketed through Natixis Global Asset Management.
