AXA IM joins GEM race with small-cap launch

AXA IM has launched a quant-based global emerging markets strategy focusing on smaller companies.

The new strategy will be available to institutional investors and target companies with a market cap of $100m to $2.5bn across the emerging market universe. The GEM rush: Fund groups race to unveil emerging equity offerings It will be managed by AXA Rosenberg, the firm's quant arm, using its systematic approach to stock analysis. AXA Rosenberg managers will analyse nearly 200 financial statement items across a spectrum of GEM small cap companies, comprising around 6,500 firms internationally. They will then use a bottom-up selection approach to take "informed liquidity risk...