AXA Rosenberg US Enhanced Index Equity Alpha Fund: Has consistently beat the most efficient market in the world

As the US economy strengthens, there are still significant upside opportunities to be found when looking across S&P 500 company valuations.  AXA Rosenberg's US Enhanced Index Equity Alpha Fund ("the Fund") can provide a viable alternative to a pure passive strategy by offering risk characteristics similar to that of the S&P 500 index, but with the ability to generate excess returns from AXA Rosenberg's active stock insights..

Why invest in AXA Rosenberg US Enhanced Index Equity Alpha Fund?

  • Top quartile peer group performance.
    Morningstar ranks the AXA US Enhanced Index Equity Alpha Fund in the top quartile over 1, 3 and 5-year periods1. We believe it is difficult to consistently beats the most efficient market in the world but a strong performance has been achieved over the 1, 3 and 5-year periods using our approach.

  • Highly rigorous and disciplined fundamental approach.
    AXA Rosenberg deploys bottom up stock picking through systematic analysis, evaluating companies' financial statements on a line-by-line basis. This approach allows us to form detailed fundamental views on the earnings potential of every stock in the index, allowing us to capitalise on small mispricings opportunities across all 500 index names.

  • We seek to outperform the S&P 500 while controlling for risk.
    This provides an attractive alternative to a pure passive strategy. Our granular insight into US equities seeks to generate excess returns while controlling for risk.

  • Extensive experience and deep local market expertise.
    Founded on fundamental analysis, we have been managing US equities using the same approach since 1985, through differing market cycles. The knowledge gained from this experience has been captured in our systematic process.


Why now?

  • US equities continue to show upside potential.
    Despite the recent gains seen in US equities, trailing and forecast price/earnings multiples remain reasonable and in-line with their long term average.

  • Our models are currently seeing an expanded opportunity set.
    The reward to AXA Rosenberg's proprietary measure of Fair Value-to-Price has continued to improve over the last 12 months.


What are the risks associated with investing in the AXA Rosenberg US Enhanced Index Equity Alpha Fund?

  • Risk of loss of invested capital

  • Currency risk

  • Management risk

  • Investment model risk

  • Counterparty risk

  • Investors are advised to refer to the current prospectus for a detailed description of risk considerations. For further information on the fund's investment policy, please refer to the Key Investor Information Document ("KIID").


1 USD-Anteilklasse A, 30. September 2016. Morningstar-Kategorie: Equities Europe. The references to league tables and awards are not an indicator of future performance or places in league tables or awards.
This page is for informational purposes only and does not constitute on the part of AXA Investment Managers or its affiliated companies an offer to buy or sell any investments, products or services and should not be considered as a solicitation or as investment, legal or tax advice. The strategies discussed herein may not be available in all jurisdictions and/or to certain types of investors. Opinions, estimates and forecasts herein are subjective and subject to change without notice. There is no guarantee forecasts made will come to pass. No guarantee, warranty, or representation is given as to the accuracy or completeness of this material. Reliance upon information in this material is at the sole discretion of the reader. This material does not contain sufficient information to support an investment decision.