Theam sets target of tripling AUM in ETFs by 2020

Theam, a boutique of BNP Paribas Investment Partners specialised in index-based strategies, has set a new strategic plan for its indexed fund activities.

The manager, which has seen the appointment of Isabelle Bourcier (pictured) as head of ETF amd Indexed Fund Activities last June, has unveiled targets of doubling assets under management in indexed funds and of tripling those of exchange-traded funds (ETFs) by 2020.

Following the establishment of the new strategic plan, Theam has expanded its range with the launch of new products in recent months, in particular with the creation of around 20 ETFs that track smart beta and thematic indices.

This range, renamed “BNP Paribas Easy” currently includes 50 ETFs focused on three categories: core portfolio ETFs, providing exposure to the major traditional indices; theme-based ETFs, offering exposure to specific indices such as listed real estate and low carbon; smart beta ETFs, providing exposure to specific performance/risk factors: value, momentum, quality and low volatility.

Denis Panel, CEO of Theam, commented: “Our expertise in indexed management will be a strategic focus for Theam’s growth in the coming years.

“Recent regulatory and technological changes have created an excellent environment in which to grow our ETFs and indexed funds. Our priority is to maintain close links with end-investors by using our financial engineering knowledge to offer simple and efficient solutions at competitive prices.”

Bourcier said the company has plans to expand the team with new hires in order to meet the targets set.

Theam’s AUM in indexed funds totalled €14.7bn at the end of July 2016, of which €4.2bn was in ETFs .

Adrien Paredes-Vanheule
Adrien Paredes-Vanheule is deputy editor and French-Speaking Europe Correspondent for InvestmentEurope, covering France, Belgium, Geneva and Monaco. Prior to joining InvestmentEurope, he spent almost five years writing for various publications in Monaco, primarily as a criminal and financial court reporter. Before that, he worked for newspapers and radio stations in France, in particular in Lyon.

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