TOBAM launches civil and democratic rights equity strategy

LBRTY

TOBAM has launched a civil and democratic rights-focused strategy named LBRTY.

The equity strategy will aim to mitigate exposure to countries governed by autocratic regimes to make sure investors do not bear the potential risks related to a lack of civil and democratic rights. The company's portfolio research has revealed several issues on the matter, including the presence of a ‘tyranny risk driver' which is negatively rewarded over time. Most of a portfolio's exposure to such risk is indirect; and the tyranny risk driver is independent from other ones, the firm said.  ShareAction: Asset managers are failing to protect human rights As a result, TOBAM explain...