In 2017 CoreShares partnered with EDHEC Risk Institute Scientific Beta to develop a multi-factor index for the South African equity market. ERI Scientific Beta is a global leader within this field with over 16 billion USD tracking its factor indexes.
As part of its policy of transferring know-how to the industry, EDHEC-Risk Institute has set up ERI Scientific Beta. ERI Scientific Beta is an original initiative which aims to favour the adoption of the latest advances in smart beta design and implementation by the whole investment industry. Its academic origin provides the foundation for its strategy: offer, in the best economic conditions possible, the smart beta solutions that are most proven scientifically with full transparency of both the methods and the associated risks.
The key principles of ERI Scientific Beta's investment philosophy are:
Offering exposure to long-term rewarded risk factors
Ensuring a good reward for these factors through good diversification of unrewarded risk
Guaranteeing sound risk management of the investment by implementing risk allocation
CORESHARES & SCIENTIFIC BETA
The objective of the CoreShares Scientific Beta Multi Factor Index Fund is to represent the performance of Johannesburg-listed large and medium capitalisation companies from the Extended South Africa universe while outperforming the capitalisation-weighted reference (the Scientific Beta CoreShares South-Africa Cap-Weighted Index for this universe), with a limited amount of relative risk against that reference.
INVESTMENT TEAM & PROCESS
CoreShares is an authorised financial services provider (FSP) with both a Category I & Category II license with the FSB. The business boasts an experienced team of professionals that oversee investment processes.
Contact the research and investment team
Main Switchboard: 011 459 1860
(ask for CoreShares)