Orinda, Calif.-based AXA Rosenberg Investment Management has launched a low-volatility global long/short strategy investing in large- and mid-cap equities.

The AXA Rosenberg Global Advantage Long/Short strategy targets regional weightings of 50% to the U.S., 40% to Europe and 10% to Japan. It employs a bottom-up stock selection process, which ranks over 21,000 stocks based on their future earnings prospects relative to their peers. The strategy will select stocks from a subset of AXA Rosenberg’s 21,000 stock universe, representing about 80% of the market cap in the investment regions for the strategy.

“Using our unique combination of fundamental bottom-up stock selection and quantitative processes, we are able to analyze a huge universe of large- and mid-cap stocks, identifying the likely winners and losers, while providing a level of portfolio diversification that few managers can match,” said Bill Ricks, chief investment officer for AXA Americas.

As of the end of March, AXA Rosenberg had over $5 billion in assets under management in long/short products.