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 | |
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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') ]}}The equity market initially posted strong gains upon the Democrats' win and President Biden's proposal for a USD 2 trillion stimulus plan. Risk-off sentiment then took over and the MSCI World Index ended the month slightly negative in euro terms. Volatility spiked towards the end of the month as market participants questioned the sustainability of the equity market's relentless rally, vaccine delays and elevated retail participations. Retail investors' trading behavior was exuberant amidst a backdrop of ample liquidity, fueling some frothy irrational moves in parts of the market. High short interest is one of the best-performing factors, along with the value and small-cap factors. Earnings so far have come in generally at or above expectations, at the aggregate level. Investors were unwilling to reward earnings beats, especially for large tech companies that reported solid numbers. Energy performed best, followed by healthcare and IT. Consumer staples, industrials and financials underperformed. In terms of economic participation, the World Economic Forum reported that it will take another 257 years to close the gender gap. This is sobering news and presents an opportunity to accelerate change.
Fund allocation
{{'fund.detail.general.perDate' | labelize:[ fundDate(fund.fundAllocations.date,'llll') ]}}| Name | Sector | Weight |
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Fund Classification
| Yes | No | N/A | ||
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| Voting | ||||
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| ESG integration | ||||
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| Yes | No | N/A | ||
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| Sustainability Themed Fund |
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
Our investment philosophy is grounded in the core belief that the integration of ESG factors into a disciplined, research-driven investment process leads to better-informed investment decisions and better risk-adjusted returns through an economic cycle. Building on our proprietary data and research, we identify companies that generate a competitive advantage through sound business practices, efficiency improvements, and the creation of new solutions for the myriad challenges facing society over the coming decades. Taking a long-term investment perspective, we analyze companies’ business models, market positioning and growth potential, and evaluate their financial performance and valuation. Based on this fundamental assessment, we seek to uncover attractive investment opportunities and implement them in concentrated, conviction-based equity portfolios.
Risk policy
Risk management is fully integrated into the investment process to ensure that positions always meet predefined guidelines.
Expectation of fund manager
{{'fund.detail.general.perDate' | labelize:[ fundDate(fund.fundFacts.date,'llll') ]}}At current levels, equities are vulnerable to any negative news and market volatility will likely remain elevated as investors await deflation of market frothiness and more clarity on vaccine rollouts. The path of economic recovery remains uncertain and will now depend not only on the course of the virus but also on the progress of vaccinations. In Israel, where the vaccination rollouts are most advanced, is showing an encouraging fall in virus cases. Therefore, as long as vaccines are effective and given continued assurance from policymakers on accommodative monetary policy and fiscal stimulus to aid the recovery, markets will likely be supported. We remain focused on sustainable high-quality companies, that exhibit a high degree of gender equality and make use of current market conditions to further solidify positions in companies with appealing mid-term to long-term perspectives.
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.
