Ossiam, a Paris-based quantitative money manager, announced Tuesday it had signed an agreement to help China's largest index provider, China Securities Index Co., develop a minimum variance index based on that firm's CSI 300 benchmark.
An Ossiam spokesman couldn't immediately say when the CSI minimum variance index would be launched.
Ossiam, an affiliate of Natixis Global Asset Management, manages more than $1.29 billion in minimum variance exchange-traded funds, according to a news release from Ossiam.
Hongyu Song, the head of CSI's research and development department, couldn't immediately be reached for comment.