BNP Paribas Asset Management (BNPP AM) has expanded its multi factor funds range with the launch of a eurozone equity quantitative stockpicking strategy.
The BNP Paribas Euro Multi Factor is added to the multi factor funds family managed by the French group's quantitative equity management teams within its Multi Asset, Quantititative & Solutions (MAQS) investment division.
With the addition of the fund, BNPP AM has one of the largest multi factor fund ranges available, six of which obtained the French ISR label in April 2019, the company said in a note.
This launch strengthens our multi factor fund offering and enables us to offer a broad range of multi factor funds, all with the SRI label, to investors seeking returns.”
The Fund will integrate ESG criteria into its stock selection process, which is based on a multi factor approach, incorporating momentum, quality, valuation and low volatility. It uses a quantitative approach to analyse fundamental indicators and market data to identify those securities with the best return prospects, while controlling a set of risk criteria.
Laurent Lagarde, head of Quantitative Equity Management at BNP Paribas Asset Management, said: "This launch strengthens our multi factor fund offering and enables us to offer a broad range of multi factor funds, all with the SRI label, to investors seeking returns."
Gregory Taieb, head of Quantitative Investments at BNPP AM, adds: "The addition of Euro Multi Factor Equity means that we are now able to offer investors a full range of multi-factor funds that incorporate ESG criteria, meeting the growing demand in this area of the market."