flash Awards JUne 2009
Natixis Asset Management awarded at the Actifs du Patrimoine Awards Natixis Asset Management won two Golden Prizes for distribution(1) at the 2009 edition of the Actifs du Patrimoine Awards handed out by L’Agefi-Actifs, a weekly French magazine:(2)
Golden Prize for distribution - Natixis Souverains Euro 3-5 category "Bond funds – Networks" over 1 year
Golden Prize for distribution - Natixis Actions US Value category "Equity funds – Networks" over 1 year
The Golden Prizes for distribution award the funds distributed in France and exclusively dedicated to wealth management. This purely quantitative approach validates record sales of UCITS. Thus, according to EuroPerformance, the Natixis Souverains Euro 3-5 and the Natixis Actions US Value funds were the top sellers in their respective categories between April 1, 2008 and March 31, 2009.
n Focus on Natixis Souverains Euro 3-5 Managed by Abdel-Rani Guermat, Natixis Souverains Euro 3-5 aims at benefiting from the potential evolution of euro denominated sovereign bonds with maturities ranging from 3-to-5 years. This fund is dedicated to 3 to 5 year maturity government bonds from the euro zone and invests in government bonds issued or guaranteed by euro zone countries, with maturity ranging mostly from 3 to 5 years. Natixis Souverains Euro 3-5 aims to outperform the EuroMTS 3-5 index, representing euro zone government bonds with maturity ranging from 3 to 5 years, over an investment period of at least two years. The Natixis Souverains Euro 3-5 management team relies on complementary inputs produced by different teams from the Fixed Income department allowing the ranking of the strategies applied to the portfolio: (a) conclusions of the Macroeconomic Research strategists; (b) analyses of 5 specialised task forces (Sector Teams)(2) which provide opinions on key elements of the fixed income markets: duration,
The figures mentioned refer to previous years. The Fund’s past performance or reference to any rankings or awards received by it or its manager cannot be interpreted as indicating the future performance of the funds or of their managers.
www.am.natixis.com
Flash awards
yield curve, relative value, technical analysis and volatility (they combine members of the following departments: Government Bond management, Insurance management, Trading Desk, financial strategists and economists); (c) recommendations of the specialist Government Bond committees (which integrate all of the research and prioritise the strategies to be implemented in the portfolio).
n Focus on Natixis Actions US Value Natixis Actions US Value is invested in large US
entrusted with management of the fund. The fund managers identify high-quality companies which are undervalued by the market and which offer catalysts (reorganizations, strategy or management changes, innovations, etc.) which could increase their real value. The securities in the portfolio (between 35 and 45) are purchased with an investment horizon of 3 to 5 years, which explains the relatively low rate of annual rotation of around 30%. Lastly, the fund managers respect a strict sales principle based on in-depth research into the values to detect any possible deterioration of the fundamentals.
capitalizations and aims to outperform its reference index, the S&P 500 (in USD) over a period of 5 years. Metropolitan West Capital Management(3), a California-based investment company specialized in "value" type management, was
(1) The Actifs du Patrimoine Awards
(3) Metropolitan West Capital Management
7 Golden Prizes were handed out during this 2009 edition:
Metropolitan West Capital Management was created in 1997 by Howard Gleicher, Gary Lisenbee and Steve Borowski. The company is held 20% by its directors and 80% by Evergreen, the assets management subsidiary of the US bank Wachovia.
Golden Prize – One+ year equity funds – Specialists Golden Prize – One+ year diversified funds – Networks Golden Prize – One+ year diversified funds – Specialists
The clients of the California-based Metropolitan West Capital Management are mainly institutions, foundations, retirement funds and wealthy private parties.
Golden Prize – One+ year bond funds – Networks Golden Prize – One+ year bond funds – Specialists
Metropolitan West Capital Management specializes in four management styles:
Golden Prize – Bond funds below one year – Networks Golden Prize – Bond funds below one year – Specialists
Large Cap Intrinsic Value Equity, Small Cap Intrinsic Value Equity, International Core Value, Global Intrinsic Equity.
-Conditions for participation: Any promoter of UCITS and life insurance products can compete: network banks, private banks, management companies, insurance companies, offers designed for intermediaries.
The teams responsible for the Large Cap Intrinsic Value Equity strategy (applied to management of the Natixis Actions US Value Fund) are composed of 10 employees. Most of these analyst-fund managers have been working together for more than 10 years.
(2) The sector teams play a key role for the various bond teams at Natixis Asset Management. These groups of specialists include managers, analysts, strategists and economists and are organized by asset subclasses (e.g.: credit), investment strategy (e.g.: curve), or credit market segment (e.g.: telecom sector). Their goal is to provide technical expertise by issuing advice and proposing strategies to the management teams which then allocate the funds based on these recommendations.
In late March 2009, Metropolitan West Capital Management was responsible for managing a total of 7.3 billion dollars in assets.
The figures mentioned refer to previous years. The Fund’s past performance or reference to any rankings or awards received by it or its manager cannot be interpreted as indicating the future performance of the funds or of their managers.
www.am.natixis.com