Flash Awards.Actifs du Patrimoine.Agefi 06.2009
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www.am.natixis.com
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)
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,
flash AwArdsJUne 2009
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.
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
www.am.natixis.com
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
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
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.
(1) The Actifs du Patrimoine Awards
7 Golden Prizes were handed out during this 2009 edition:
Golden Prize – One+ year equity funds – Specialists
Golden Prize – One+ year diversified funds – Networks
Golden Prize – One+ year diversified funds – Specialists
Golden Prize – One+ year bond funds – Networks
Golden Prize – One+ year bond funds – Specialists
Golden Prize – Bond funds below one year – Networks
Golden Prize – Bond funds below one year – Specialists
-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.
(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.
(3) Metropolitan West Capital Management
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.
The clients of the California-based Metropolitan West Capital Management are mainly institutions, foundations, retirement funds and wealthy private parties.
Metropolitan West Capital Management specializes in four management styles:
Large Cap Intrinsic Value Equity, Small Cap Intrinsic Value Equity, International Core Value, Global Intrinsic Equity.
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.
In late March 2009, Metropolitan West Capital Management was responsible for managing a total of 7.3 billion dollars in assets.
flash AwArds
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.