Formed in 2005, TOBAM is an independently and employee-owned asset management company, with two minority shareholders: California Public Employees’ Retirement System (CalPERS) and Amundi, and assets under management as of March 2019 of USD10.2bn. The Maximum Diversification® approach, TOBAM’s flagship investment process founded in 2006, is supported by patented research and a mathematical definition of diversification to provides clients with diversified core exposure in both equities and fixed income. TOBAM also offers the TOBAM Maximum Diversification® Index series, a set of indices based on TOBAM’s original approach.