Tobam’s joint venture with FTSE set to open doors for ETF distribution

Man bench-presses weight
The appeal of alternative weighting

Asset manager Tobam and index provider FTSE have launched the FTSE Tobam Maximum Diversification Index Series, a series of alternatively weighted indexes based on diversification.

Yves Choueifaty, president and founder of Tobam in Paris, says market cap-weighted portfolios appear to consistently underperform other systematic portfolios for long periods of time.

"Financial markets have never been so uncertain - there is a clear urgency to diversify," says Choueifaty. "The lower diversification in