Scientific Beta

IPE: "LGIM developed the product with smart beta index provider ERI Scientific-Beta. Launched in July last year, the multi-factor equity fund is a commingled life fund for UK institutional clients and allocates between Scientific Beta indices according to regional weights determined by LGIM. Noël Amenc, CEO at ERI Scientific Beta, said Brunel’s investment in the fund was "a major vote of confidence in our approach"."

IPE 12/11/2018

"(...) Brunel Pension Partnership, one of eight asset pools formed by UK local authority pension funds, is investing almost £1bn (€1.1bn) in a multi-factor equity fund run by Legal & General Investment Management (LGIM). Mark Mansley, chief investment officer at Brunel Pension Partnership, said it considered the LGIM Diversified Multi-Factor Equity fund to have "several distinct advantages, including relatively simple construction, purity of approach and excellent track record". "These are combined in a sensible way which avoids many of the issues of some multi-factor approaches," he added. LGIM developed the product with smart beta index provider ERI Scientific-Beta. Launched in July last year, the multi-factor equity fund is a commingled life fund for UK institutional clients and allocates between Scientific Beta indices according to regional weights determined by LGIM. Noël Amenc, CEO at ERI Scientific Beta, said Brunel’s investment in the fund was "a major vote of confidence in our approach". (...)"