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Robeco’s contingency measures in response to the coronavirus – 19 May 2020

Robeco’s contingency measures in response to the coronavirus – 19 May 2020

Insight

The global pandemic we have seen unfold over the past few months has wreaked havoc on all aspects of life. As a business, we extend our heartfelt condolences to those who are having to cope with illness and loss at this time, and hope that you find comfort in the global sense of community that has emerged as the days and weeks have passed.

  • Gilbert Van Hassel
    Gilbert
    Van Hassel
    Chief Executive Officer, Robeco

Following my previous note on 25 March, I would like to update you on developments at Robeco. I can report that the extensive operational measures we took in early March to manage the health and safety of our staff, clients and business partners, and to ensure business continuity, have been effective. Our systems and platforms have remained fully operational throughout this period, and we have been able to deliver on our commitments to clients.

This includes maintaining clear and regular communication with clients on portfolio performance and strategy updates in the form of, for example, commentaries, podcasts, videos and fund updates, which are published on our dedicated web page: https://www.robeco.com/coronavirus/.

We are proud that, in most cases, our strategies have weathered the sell-off well, reflecting the benefits of decades of investment experience and our conservative positioning going into the crisis. Across our investment capabilities, fund inflows are resuming.

Looking to the months ahead, we are confident about the health of our business, thanks in part to the capabilities and resilience of our employees and partners, as well as our sound capital structure and liquidity.

On this basis, we are now planning and preparing for a prudent and gradual return of our employees to our offices. This includes our operations in both the Netherlands and other countries. In all cases, we will continue to follow the guidelines and recommendations of the governments of those countries.

We remain committed to supporting you and encourage you to reach out to us, through your regular Robeco contact.

Stay well!
Gilbert Van Hassel

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What is a Wholesale Client?
A person or entity is a “wholesale client” if they satisfy the requirements of section 761G of the Corporations Act.
This commonly includes a person or entity:

  • who holds an Australian Financial Services License
  • who has or controls at least $10 million (and may include funds held by an associate or under a trust that the person manages)
  • that is a body regulated by APRA other than a trustee of:
    (i) a superannuation fund;
    (ii) an approved deposit fund;
    (iii) a pooled superannuation trust; or
    (iv) a public sector superannuation scheme.
    within the meaning of the Superannuation Industry (Supervision) Act 1993
  • that is a body registered under the Financial Corporations Act 1974.
  • that is a trustee of:
    (i) a superannuation fund; or
    (ii) an approved deposit fund; or
    (iii) a pooled superannuation trust; or
    (iv) a public sector superannuation scheme
    within the meaning of the Superannuation Industry (Supervision) Act 1993 and the fund, trust or scheme has net assets of at least $10 million.
  • that is a listed entity or a related body corporate of a listed entity
  • that is an exempt public authority
  • that is a body corporate, or an unincorporated body, that:
    (i) carries on a business of investment in financial products, interests in land or other investments; and
    (ii) for those purposes, invests funds received (directly or indirectly) following an offer or invitation to the public, within the meaning of section 82 of the Corporations Act 2001, the terms of which provided for the funds subscribed to be invested for those purposes.
  • that is a foreign entity which, if established or incorporated in Australia, would be covered by one of the preceding paragraphs.
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