NEWYORK, March 20, 2017 – OFI Global, a leading global asset manager, today announced that it has made a key appointment to its Beta Solutions Leadership Team. David Mazza has joined the firm as Head of Beta Solutions Investment Marketing and ETF Specialists. He will be based in New York and report to Sharon French, Head of Beta Solutions, OFI Global.
Mazza will lead OFI Global’s Beta Solutions Investment Marketing and ETF Specialist teams. In this role, he will help drive strategic and sustainable growth for the firm with product and market insights to provide actionable solutions for our clients.
“We’re delighted that Dave joins our industry-leading team,” said French. “Dave brings great ETF insights to our expanding business, and that coupled with our Distribution team’s client-centric approach, makes a powerful combination towards serving our end-investors.”
Mazza joins OFI Global from State Street Global Advisors where he led product strategy, positioning and analysis as Head of ETF and Mutual Fund Research. During his 12 years at SSGA, Mazza worked in the investments and distribution organizations, where over time he assumed additional management responsibilities while helping to drive sales and grow assets under management. Mazza was also responsible for developing thought leadership and research that drove client engagement and awareness for the firm’s ETF business.
In addition to Mazza, OFI Global recently announced significant ETF hires:* Alex Depetris*, Chief Operating Officer of Beta Solutions, and Mo Haghbin, Head of Product, Beta Solutions. They joined Michael Eschmann, OFI Global’s Beta Solutions Head of Capital Markets, and Vince Lowry, Lead Portfolio Manager of OFI Global’s Revenue Weighted strategies.
The suite of Oppenheimer Factor Weighted Strategies includes:
- Revenue Weighted Large Cap Strategy
- Revenue Weighted Mid Cap Strategy
- Revenue Weighted Small Cap Strategy
- Revenue Weighted Dividend Strategy
- Revenue Weighted ESG Strategy
- Revenue Weighted Global ESG Strategy
Oppenheimer’s fundamental weighted Strategies offer a unique way for advisors, wealth managers, and consultants to access broad market exposure in a more optimal way than traditional market capitalization strategies. By weighting securities in broad market indices based on top line revenue rather than market capitalization, the fundamental weighted strategies offer the opportunity to reduce overexposure to overpriced sectors and stocks while still providing diversification.
In 2016, OFI Global expanded its Beta Solutions client offerings into the environmental, social and governance (ESG) space. The firm launched Revenue Weighted ESG Strategy, which focuses on U.S. large-cap equities with highly rated ESG practices, and Revenue Weighted Global ESG Strategy, which focuses on global large- and mid-cap equities with highly rated ESG practices. To further enhance the value proposition for clients, the firm also reduced the contractual management fees for five of its Revenue Weighted Strategies.
An investment in the Strategy is subject to investment risk, including the possible loss of the principal amount invested. The stocks of companies with favorable ESG practices may underperform the stock market as a whole. Strategy returns may not match the return of its respective index, known as non-correlation risk, due to operating expenses incurred by the Strategy. The alternate weighting approach employed by the Strategies (i.e., using revenues as a weighting measure), while designed to enhance potential returns, may not produce the desired results.
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