RobecoSAM Global Gender Equality Impact Equities M2 EUR
- Investing in gender equality creates positive impact—Delivers positive long-term shareholder returns by selecting companies with a strong competitive advantage from recognizing and acting on the strategic importance of improving gender equality.
- Contribution to the UN Sustainable Development Goals —Supports the achievement of the Sustainable Development Goals by investing in companies that exhibit strength in the retention of female talent, equal remuneration and employee well-being.
About this fund
Price development
Price development
Performance
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Cumulized (total amount of return).
Performances are gross of fees and based on closing values. In reality, costs (such as management fees and other costs) are charged. These have a negative effect on the returns shown.
Performances are net of fees and based on transaction prices.
| Fund | Reference index | |
|---|---|---|
Annualized (for periods longer than one year).
Cumulized (total amount of return).
Performances are gross of fees and based on closing values. In reality, costs (such as management fees and other costs) are charged. These have a negative effect on the returns shown.
Performances are net of fees and based on transaction prices.
Statistics
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Market development
{{'fund.detail.general.perDate' | labelize:[ fundDate(fund.fundInvestmentExplanations.date,'llll') ]}}Global equities edged higher as solid corporate earnings outweighed the concerns around the surge in Covid delta variant cases and China's regulatory crackdown on some tech sectors. Q2 earnings have generally been ahead of expectations so far. US real GDP is now above pre-Covid levels, rising 6.5% annualized during the second quarter. However, the figure missed expectations, as strong gains in consumption and business fixed investment were offset by inventory drawdowns and production bottlenecks. In the Eurozone, real GDP rose by 2.0% quarter-on-quarter as economic activity improved on the back of easing pandemic-related restrictions. The Fed remained dovish, indicating that employment growth at pre-pandemic levels is the key to the start of tapering. The 10-year Treasury yield moved lower during the month. The healthcare and real estate sectors led performance, while financials lagged on lower rates. Energy was the worst-performing sector. US and Europe equities outperformed emerging market equities. On the gender equality front, it will take 267 years to close the economic gender gap, which is sobering news, but also an opportunity to accelerate change.
Fund allocation
{{'fund.detail.general.perDate' | labelize:[ fundDate(fund.fundAllocations.date,'llll') ]}}| Name | Sector | Weight |
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Currency policy
The fund is allowed to pursue an active currency policy to generate extra returns and can engage in currency hedging transactions.
Dividend policy
In principle the fund does not intend to distribute dividend and so both the income earned by the fund and its overall performance are reflected in its share price.
ESG Integration policy
RobecoSAM Gender Equality Impact Equities invest in companies that are leading with regard to the promotion of gender equality. It employs systematic, bottom-up stock selection that combines proprietary Environmental, Social & Governance (ESG) data and research throughout the investment process. ESG criteria for exclusions and fund-specific suitability are applied during universe construction. An in-house Sustainability Investing (SI) research team integrates financially-material sector and company-specific sustainability analysis into investment cases. A dedicated thematic equity team incorporate SI research within fundamental analysis and stock valuations. Impact assessments of controversial incidences affecting portfolio holdings provide additional risk management. An active ownership and engagement team interacts directly with company management of fund holdings, offering additional channels for sustainable impact.
Investment policy
RobecoSAM Global Gender Equality Impact Equities Strategy is an actively managed fund that invests globally in companies that are leaders in promoting gender diversity and equality. The selection of these stocks is based on fundamental analysis. The fund's objective is to achieve a better return than the index. The fund has sustainable investment as its objective within the meaning of Article 9 of the European Sustainable Finance Disclosure Regulation. The fund aims to create a positive societal impact by investing in companies that exhibit a high degree of gender equality and that actively promote gender equality. The fund integrates ESG (i.e. Environmental, Social and corporate Governance) in the investment process, applies an exclusion list basis controversial behavior, products (including controversial weapons, tobacco, palm oil and fossil fuel) while avoiding investment in thermal coal, weapons, military contracting and companies that severely violate labor conditions, next to voting and engaging.The strategy integrates sustainability criteria as part of the stock selection process and through a theme specific sustainability assessment. The portfolio is built on the basis of the eligible investment universe that includes companies with superior Gender Scores. The internally developed Gender Score comprises various criteria, such as board diversity, equal renumeration, talent management or employee well-being. Companies that exhibit an inferior overall ESG assessment are exluced from the investent universe.The majority of stocks selected will be components of the Benchmark, but stocks outside the Benchmark may be selected too. The investment policy is not constrained by a benchmark but the fund may use a benchmark for comparison purposes. The fund can deviate substantially from the issuer, country and sector weightings of the Benchmark. There are no restrictions on the deviation from the Benchmark. The Benchmark is a broad market weighted index that is not consistent with the sustainable objective of the fund.
Risk policy
Risk management is fully integrated into the investment process to ensure that positions always meet predefined guidelines.
Sustainability profile
{{'fund.detail.general.perDate' | labelize:[ fundDate(fund.fundFacts.date,'llll') ]}}
| Footprint target | Exclusion based on negative screening |
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| ↓20% | ≥20% |
Gender Equality
{{'fund.detail.general.perDate' | labelize:[ fundDate(fund.fundFacts.date,'llll') ]}}The Gender Equality score displays the portfolio's scores for a subset of questions covering the topic of gender equality from multiple angles (from board diversity through executive compensation to workforce diversity). The Total Gender Score is comprised of these question scores and is provided at the center of the chart. If an index has been selected, additional alerts appear below the question name to highlight relative performance with respect to gender equality.
ESG Score
{{'fund.detail.general.perDate' | labelize:[ fundDate(fund.fundFacts.date,'llll') ]}}The portfolio ESG score (and E,S and G score) is calculated by multiplying the RobecoSAM Smart ESG Score of each holding by its respective portfolio or index weight. The same methodology is applied in calculating the key ESG Criterion scores. The scores of the portfolio are provided alongside the scores of the index, highlighting the portfolio’s relative sustainability. The colors indicate the score of the portfolio, whilst the shading shows the index.
Environmental Footprint
{{'fund.detail.general.perDate' | labelize:[ fundDate(fund.fundFacts.date,'llll') ]}}The RobecoSAM footprint ownership of the portfolio expresses the total resource consumption the portfolio finances. Each company's footprint is calculated by normalizing resources consumed by the company's enterprise value. Multiplying these values by the dollar amount invested in each company yields the aggregate footprint ownership figures. The selected index's footprint (for an equivalent $ amount invested in corporates) is provided alongside. The portfolios score is shown in blue and the index in grey.
ESG integration policy
{{'fund.detail.general.perDate' | labelize:[ fundDate(fund.fundFacts.date,'llll') ]}}RobecoSAM Gender Equality Impact Equities invest in companies that are leading with regard to the promotion of gender equality. It employs systematic, bottom-up stock selection that combines proprietary Environmental, Social & Governance (ESG) data and research throughout the investment process. ESG criteria for exclusions and fund-specific suitability are applied during universe construction. An in-house Sustainability Investing (SI) research team integrates financially-material sector and company-specific sustainability analysis into investment cases. A dedicated thematic equity team incorporate SI research within fundamental analysis and stock valuations. Impact assessments of controversial incidences affecting portfolio holdings provide additional risk management. An active ownership and engagement team interacts directly with company management of fund holdings, offering additional channels for sustainable impact.
Expectation of fund manager
{{'fund.detail.general.perDate' | labelize:[ fundDate(fund.fundFacts.date,'llll') ]}}While the pace of global economic expansion may slow from its recent rapid recovery, we still expect healthy growth with further progress in employment gains. Easing supply constraints and inventory replenishment will support GDP growth. From a market perspective, given the high investor sentiment, we see that investors may start to factor in the eventual withdrawal of liquidity from central banks on the equity market (despite the Fed's dovish stance) and the consequence of higher input costs on corporate margins. The fund management remains selective on stocks and continues to focus on sustainable companies that exhibit a high degree of gender equality, have strong fundamentals and are able to deliver consistent earnings over the cycle.
Junwei Hafner-Cai, CIIA
Junwei Hafner-Cai is the Portfolio Manager for the Global Gender Equality Impact Equities strategy and deputy Portfolio Manager for the Global SDG Equities strategy. Prior, Junwei was also a Senior Analyst covering thematic research within Robeco’s Thematic Equities Team. Prior to joining Robeco, Junwei was a Junior Portfolio Manager at EFG International. Previously, she was an Assistant Relationship Manager within the International Wealth Management Desk at Credit Suisse. She began her investment career as an Assistant Fixed Income Portfolio Manager at Wegelin & Co., Private Bankers. Junwei holds a Bachelor’s degree in Business, major in Banking & Finance from Nanyang Technological University (Singapore) and is a Certified International Investment Analyst (CIIA). She joined Robeco in 2010.
Details
{{'fund.detail.general.perDate' | labelize:[ fundDate(fund.fundFacts.date,'llll') ]}}| Management company | |
| Fund capital | |
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| ISIN | LU2292538241 |
| Bloomberg | ROEIEME LX |
| Valoren | 59717550 |
| WKN | |
| Availability | |
| 1st quotation date | 1611619200000 |
| Close financial year | 31-12 |
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Cost of this fund
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Fiscal product treatment
The fund is established in Luxembourg and is subject to the Luxembourg tax laws and regulations. The fund is not liable to pay any corporation, income, dividend or capital gains tax in Luxembourg. The fund is subject to an annual subscription tax ('tax d'abonnement') in Luxembourg, which amounts to 0.05% of the net asset value of the fund. This tax is included in the net asset value of the fund. The fund can in principle use the Luxembourg treaty network to partially recover any withholding tax on its income.
Fiscal treatment of investor
The fiscal consequences of investing in this fund depend on the investor's personal situation. For private investors in the Netherlands real interest and dividend income or capital gains received on their investments are not relevant for tax purposes. Each year investors pay income tax on the value of their net assets as at 1 January if and inasmuch as such net assets exceed the investor’s tax-free allowance. Any amount invested in the fund forms part of the investor's net assets. Private investors who are resident outside the Netherlands will not be taxed in the Netherlands on their investments in the fund. However, such investors may be taxed in their country of residence on any income from an investment in this fund based on the applicable national fiscal laws. Other fiscal rules apply to legal entities or professional investors. We advise investors to consult their financial or tax adviser about the tax consequences of an investment in this fund in their specific circumstances before deciding to invest in the fund.
