{"id":29632,"date":"2013-06-21T16:56:00","date_gmt":"2013-06-21T14:56:00","guid":{"rendered":"http:\/\/beta.next-finance.net\/news\/smart-beta-theam-renames-one-of-its-low-volatility-funds\/"},"modified":"2013-06-21T16:56:00","modified_gmt":"2013-06-21T14:56:00","slug":"smart-beta-theam-renames-one-of-its-low-volatility-funds","status":"publish","type":"post","link":"http:\/\/beta.next-finance.net\/en\/news\/smart-beta-theam-renames-one-of-its-low-volatility-funds\/","title":{"rendered":"Smart Beta: THEAM renames one of its low-volatility funds"},"content":{"rendered":"

Since the beginning of 2013, the Parvest Equity World Low Volatility<\/em> fund’s assets have multiplied fourfold from \u20ac148 million in assets under management at 31 December 2012, to nearly \u20ac600 million at 31 May 2013. The fund has also been a commercial success with institutional investors, who represent 49% of the fund\u2019s units, as well as non-professional customers, accounting for the remaining 51%.<\/p>\n

Based on a systematic stock-picking approach via a quantitative model developed by THEAM, this smart beta fund allows investors to increase their equity exposure without changing their risk budget<\/strong>. The Parvest Equity World Low Volatility<\/em> fund invests in low-volatility international equities, and aims to outperform the MSCI World Euro (NR) index over a complete market cycle, while reducing risk by 20% and maintaining a tracking error of less than 6% on an annualised basis. <\/p>\n

The fund\u2019s stock-picking strategy is based on the low-volatility anomaly theory according to which the least volatile equities generate, on average, a better return than more volatile equities. THEAM uses a “second-generation” approach in selecting the portfolio’s securities<\/strong>:
\n
“Unlike traditional minimum variance strategies, this low-volatility fund does not limit itself to the least volatile securities, as this would overly concentrate the portfolio in the non-cyclical securities of the most defensive sectors”<\/em>, Etienne Vincent, Head of THEAM’s systematic and quantitative management, explains. “This fund targets the least volatile securities in every sector in order to fully take full advantage of low-volatility anomalies.”<\/em> <\/p>\n

Overall, THEAM’s smart beta fund, with its low-volatility stock-picking approach on the markets, comprises over \u20ac800 million in assets under management.<\/strong><\/p>\n

<\/p>\n

Characteristics of the SICAV PARVEST Equity World Low Volatility subfund:<\/h2>\n

ISIN code:<\/strong><\/p>\n

    \n
  • Classic CAP share category (EUR) LU0823417810<\/li>\n
  • I share category (EUR) LU0823418115 <\/li>\n
  • Classic CAP share category units (USD) LU0823417653 <\/li>\n<\/ul>\n

    Legal form:<\/strong> Subfund of Parvest, UCITS IV-compliant SICAV registered under Luxembourg law part I
    \n
    Management Company:<\/strong> BNP Paribas Investment Partners Luxembourg
    \n
    Appointed management company:<\/strong> THEAM
    \n
    Managed by<\/strong>: Laurent Lagarde
    \n
    Benchmark:<\/strong> MSCI World Index (NR) (EUR)
    \n
    Launch date:<\/strong> 17\/05\/2013[[Through the contribution of the previous fund BNP Paribas L1 Equity World Low Volatility created on 6 April 1998 (implementation of the Low Volatility strategy on 1 April 2011 for the BNPP L1 Best Selection World fund, launched 6 April 1998. The fund was renamed BNPP L1 Equity World Low Volatility on 1 June 2012 and renamed Parvest Equity World Low Volatility on 21 May 2013).]]\n

    Investors <\/h2>\n

    Investor type profile:<\/strong> The shares of the sub-fund can be subscribed in by eligible investors who want to invest in available shares in accordance with the investment objective of the sub-fund.<\/p>\n

    Recommended investment horizon:<\/strong> The higher the risk, the longer the recommended investment horizon
    \n
    Guaranteed capital:<\/strong> No<\/p>\n

    Risk<\/h2>\n

    Foreign exchange risk:<\/strong> Yes
    \n
    Commodity risk:<\/strong> No
    \n
    Interest rate risk:<\/strong> No
    \n
    Equity risk:<\/strong> Yes
    \n
    Credit risk:<\/strong> No<\/p>\n

    SRRI:<\/strong> 6 on a scale of 1 to 7<\/p>\n

    Fees<\/h2>\n

    Management fees:<\/strong> Share category C 1.98%; Share category I 0.93%
    \n
    Maximum subscription fees:<\/strong> 5%
    \n
    Outperformance fees:<\/strong> 0%
    \n
    Buyback fees:<\/strong> 0%
    \n<\/quote><\/p>\n","protected":false},"excerpt":{"rendered":"

    THEAM has just renamed its smart beta BNPP L1 Equity World Low Volatility fund Parvest Equity World Low Volatility<\/em>. The fund’s strategy and portfolio management team remain unchanged…<\/p>\n","protected":false},"author":20,"featured_media":29630,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1470],"tags":[1655,1718,1658,1690,1716,1651,2007,2118,2004],"_links":{"self":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/29632"}],"collection":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/comments?post=29632"}],"version-history":[{"count":0,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/29632\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media\/29630"}],"wp:attachment":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media?parent=29632"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/categories?post=29632"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/tags?post=29632"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}