Natixis Global Asset Management (NGAM) has launched the ASG Tactical US Market Fund (USMAX), a new equity mutual fund from AlphaSimplex Group (ASG).
The fund seeks to participate in the upside of the U.S. equity market while seeking to minimize the impact of the market’s downside during periods of extreme market stress.
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David Giunta, president and CEO, Natixis Global Asset Management-US Distribution, said: "The new fund from ASG responds to investors need for additional tools to help them build and maintain durable portfolios for the long term."
The ASG Tactical US Market Fund provides exposure to the stock market through a portfolio of equity securities broadly representative of the US stock market.
The level of the fund’s stock market exposure is determined using a proprietary risk-of-loss measure developed by ASG.
The tactical flexibility of the fund to limit its market exposure at one extreme, and to exceed 100% market equity exposure at the other extreme, implies the fund can respond to both rising and falling markets. The fund is not intended to be a complete portfolio and is generally limited to the U.S. equity market.
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By GlobalDataJerry Chafkin, president and portfolio manager at ASG, said: "The ASG Tactical U.S. Market Fund is designed for investors who want to capture the equity market’s long-term return but fear its worst declines."
Andrew Lo, a leader in risk management and systematic investing, co-manages the fund with Jerry Chafkin and Alexander Healy of ASG. The stock portion of the portfolio is sub-advised by Active Investment Advisors, a division of NGAM Advisors, L.P. Reich & Tang Asset Management, a cash management specialist and NGAM affiliate, sub-advises the fund’s high-quality cash investments.
