TOBAM launches high yield smart-beta strategy

Applying the firm's Anti-Benchmark strategy

Smart-beta specialist TOBAM has expanded its fixed income range with the launch of the Anti-Benchmark Global High Yield strategy.

The strategy will apply TOBAM's flagship Anti-Benchmark approach, which aims to achieve maximum diversification, to the global high yield market. The firm said adopting a diversified approach will help investors avoid being overly exposed to default risk within high yield, especially in the commodity space. TOBAM CEO: There is a bubble brewing in US low volatility stocks Raphaël Thuin, head of fixed income at TOBAM, said: "The high yield market is a very favourable area for a diversified approach to investing. "The market's staggering concentration toward commodity names, curren...