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Bern boutique launches sustainable global equity fund

Bern boutique launches sustainable global equity fund

Bern-based AM boutique and wealth manager OLZ is set to launch a new equity fund on 11th November 2017, Citywire Switzerland can reveal.

The new fund is officially called OLZ Equity World ex CH Optimized ESG 2 and will be managed by head portfolio manager Stefan Reusser.

Reusser joined OLZ in 2001 and is in charge of fund management and institutional equity funds. He specialises in finance management and capital markets, and used to be a lecturer at the Institute for Finance Management at the University of Bern.

The fund will implement a rule-based investment approach and will fully replicate the firm's model portfolio.

The new strategy will be identical to the existing OLZ Efficient World Developed Equity ex CH fund, with the exception of some slight differences in US tax.

The fund will also implement new ESG criteria, which will be applied to all OLZ funds from October. It will follow a systematic quant risk-based approach in line with the OLZ minimum variance model.

The goal of the new strategy is to outperform the capitalization-weighted benchmark, MSCI World ex CH Index, with risk reduction of around 20%.

The fund screens a universe of 1400 stocks and primarily focuses on data spanning at least 8 years for stocks with good liquidity. The fund manager then assesses risks such as volatility and correlations based on an econometric approach.

Countries and sectors can go to a maximum of 10% over the benchmark weight. The rebalancing of the portfolio will take place every three months.

The sharpe ratio of the firm's identical fund, OLZ Efficient World Developed Equity ex CH, is 0.95 including fees. Correlation to the benchmark is at 0.82, while the tracking error is 7.81%.

According to the firm, the fund will be available for Swiss pension funds and has been launched in response to client demand. 

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