Axa Investment Managers has launched a diversified growth fund that uses smart beta equity and credit strategies.
Yoram Lustig manages the Axa IM Smart Diversified Growth Fund and will seek to generate equity-like returns whilst reducing volatility.
Lustig will diversify across risk factors as well as asset classes.
“Our research has shown that reducing volatility is a primary consideration for both defined benefit and defined contribution [pension] schemes and we have designed the fund with this in mind,” Lustig says.
“While risk taking is necessary to generate returns, we avoid risk when excessive and look to further enhance returns by minimising costs through smart investment selection, lower transaction costs and lower turnover, all critical to adding value over time.”
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