| IXIS Asset
Management Advisors, L.P. Introduces Managed ETF Portfolios
Leader in multi-discipline investing launches industry’s first ETF-based
asset allocation solution for separate account investors
BOSTON (August 29, 2005) - IXIS Asset Management Advisors, L.P. (IXIS) announced
today that it has launched Active Managed ETF Portfolios (MEPs), an integrated
asset allocation solution for separate account investors constructed exclusively
with exchange-traded funds. Active MEPs are a turnkey investment that seeks
to provide broad market diversification, risk-based portfolio construction,
built-in rebalancing, and enhanced tax management capabilities in a single,
integrated portfolio. Investment minimums begin at $50,000, and offer a substantially
lower point of entry than many separate account strategies.
“Active Managed ETF Portfolios are an important innovation,”
said John T. Hailer, IXIS Asset Management Advisors, L.P., President and Chief
Executive Officer. “We see these portfolios as fitting into a variety
of applications. For individuals, MEPs provide a comprehensive asset allocation
solution with a low minimum investment and significantly lower fees over time.
We believe institutions, 401(k) plan sponsors in particular, will find that
MEPs can help to better meet their fiduciary responsibilities in managing
risk and controlling investment costs.”
IXIS has tapped its Active Investment Advisors division to develop the MEP
investment strategies. Based in Oakland, California, the firm specializes
in index-based separate account solutions. In addition, Managed Portfolio
AdvisorsSM, another IXIS division, serves as overlay manager, implementing
Active’s investment recommendations in client portfolios on a day-to-day
basis. The group currently manages more than $10 billion in separate account
assets, including $8 billion in multi-discipline portfolios1.
Following the insights of indexing pioneer Dr. Burton Malkiel, Chairman of
the Investment Committee of Active and the best-selling author of A Random
Walk Down Wall Street, IXIS has developed a line-up of six portfolios for
the program: Four risk-based portfolios target specific client risk profiles
and feature broad diversification through allocation to a wide array of equity
and income asset classes, while two income-focused portfolios focus on yield-oriented
asset classes.
Available only through financial advisors, MEPs come at a time of tremendous
change in the financial industry. First introduced in 1993, ETFs have grown
to a $238 billion investment market2. Similarly, separate accounts have experienced
substantial growth, with more than $613 billion in assets invested3. IXIS reports
that MEPs have been well received by high-net-worth investors, with the firm
capturing significant assets in the product before its widespread availability.
“There is significant demand in today’s market for this kind
of investment,” Hailer said. “MEPs combine the customization and
tax-control of separate accounts with the low costs associated with ETFs,
while providing investors with a comprehensive asset allocation solution.”
IXIS specializes in constructing multi-discipline investments that integrate
the specialized capabilities of the firm’s line-up of affiliated money
managers. Ten years ago, IXIS was among the first to bring the multi-manager
concept to mutual fund investors; in recent years, the firm has developed
innovative multi-discipline separate account solutions for some of the industry’s
leading brokerage firms. Cerulli Associates identifies IXIS as the industry’s
fastest-growing separate account consultant.
About IXIS Asset Management Advisors Group
IXIS Asset Management Advisors Group is part of IXIS Asset Management Group,
a $496 billion4 global investment management firm that ranks among the top
25 money managers in the world. IXIS Asset Management Advisors Group connects
financial advisors and their clients to a broad line-up of specialized money
managers through separate accounts and mutual funds, as well as subadvised
and institutional investments.
Firms affiliated with IXIS Asset Management Advisors Group include Active
Investment Advisors5; AEW Capital Management; Capital Growth Management; Caspian
Capital Management; Delafield Asset Management6; Hansberger Global Investors;
Harris Alternatives; Harris Associates; Loomis, Sayles & Company; Managed
Portfolio Advisors5; Reich & Tang Asset Management; Snyder Capital Management;
Vaughan Nelson Investment Management; and Westpeak Global Advisors.
IXIS Asset Management Advisors Group includes IXIS Asset Management Distributors,
L.P. (member NASD), a broker-dealer that serves as distributor of the IXIS
Advisor Funds and Loomis Sayles Funds, as well as IXIS Asset Management Advisors,
L.P., a registered investment advisor.
To learn more, contact your financial advisor or call IXIS Asset Management
Advisors Group at 800-862-4863 and ask for a free
prospectus, which contains more information, including charges and other
ongoing expenses. Investors should consider a fund's objective, risks and
expenses carefully before investing. This and other information can be found
in the fund's prospectus. Read the prospectus carefully before investing.
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