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Newalpha and Emergence select Finaltis for its efficient beta strategy

Friday, July 03, 2015
Opalesque Industry Update - NewAlpha Asset Management (NewAlpha), the Paris-based global emerging manager acceleration specialist and Emergence (Emergence), France's seeding fund sponsored by 15 institutional investors have announce a strategic investment with Finaltis (Finaltis).

With 35 million euros provided by Emergence Actions, the Finaltis EfficientBeta Euro fund reaches a significant AUM and consequently can meet the needs of French and international institutional investors. The certification granted by Emergence allows Finaltis to improve the visibility of its brand and to become an active player within the French long only asset management landscape.

Finaltis EfficientBeta Euro is positioned in the fast growing arena of Smart Beta, a widespread investment style in northern Europe and in the US. This investment approach accounts for 16% of assets in US equity funds (versus 3% in Europe) and has been growing at almost 40% annually over the last 10 years.

Launched in December 2013, the objective of Finaltis EfficientBeta Euro is to outperform in the medium term with a similar level of risk the EUROSTOXX NR index made up of the largest Euro zone equities. The fund favours low volatility stocks and adjusts the weights in order to construct a portfolio which optimises its risk reward properties.

The Finaltis expertise exploits a particularly robust investment process, built on a systematic, quantitative and innovative technique to estimate the volatilities and correlations, and allocate the capital within a minimum variance framework. The process is the result of 12 years of proprietary research, conducted by a stable team of talented French mathematicians, who have succeeded in combining sophisticated modelling with active management.

The FCP Finaltis EfficientBetaTM Euro outperformed the EUROSTOXX NR by 12.5% in 2014 and is currently ahead of its benchmark by 10% since the beginning of 2015 while maintaining a level of volatility below the index. This places Finaltis EfficientBeta Euro first within the Euro Zone Large Caps category both in terms of absolute and risk-adjusted performance.

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