A force to be reckoned with

  How would you respond to critics who say fundamental indices are just another name for value indices? Yves Choueifaty: TOBAM launched its range of anti-benchmark funds in the first half of 2006. In May 2009, it introduced equity indices using its maximum diversification methodology: the MaxDiv indices.  MaxDiv indices are designed to fully capture the available risk premia in a given market by maximising diversification. This approach will not represent any particular bias like the value, growth, size or volatility styles but instead represents the unbiased portfolio that should r...