RobecoSAM Smart Energy Equities X EUR
- Long-term growth potential — Participate in the megatrend of electrification of energy supply & benefit from the transition to new ways of producing, distributing and managing energy.
- Focus on solution providers — Invest in the technology leaders and innovative winners of this global revolution
Effective October 29th 2020, selected RobecoSAM equity funds were merged onto the RCGF SICAV platform and received new inception dates, share classes, and ISIN codes.
More information
About this fund
Price development
Performance
{{'fund.detail.general.perDate' | labelize:[ fundDate(fund.fundPerformances.date,'llll') ]}}| Fund | Index | |
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| {{'fund.detail.performance.period.sinceInception' | labelize:[ fundDate(fund.fundPerformances.sinceStart.startDate,'MM-YYYY') ]}} |
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.
| 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
{{'fund.detail.general.perDate' | labelize:[ fundDate( (fund.fundStatistics.date?fund.fundStatistics.date:fund.fundCharacteristics.date) ,'llll') ]}}| 3 years | 5 years | ||
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Market development
{{'fund.detail.general.perDate' | labelize:[ fundDate(fund.fundInvestmentExplanations.date,'llll') ]}}The global stock markets were searching for direction following last year's prolonged rally, with stock valuations having gone up and asset bubbles becoming visible. The patchy rollout of the vaccines did not help either. Meanwhile, the Fed continued to reassure the markets, confirming the current asset purchases and considering tapering them only after real GDP has regained its pre-pandemic level. The strong momentum in the clean energy space continued, as the new US administration is rapidly joining the global community in its efforts to decarbonize the energy sector. President Biden plans to spend USD 2 trillion over the next four years on the renewal of infrastructure. A large part of this is reserved for energy efficiency needs and further electrification through renewables.
Fund allocation
{{'fund.detail.general.perDate' | labelize:[ fundDate(fund.fundAllocations.date,'llll') ]}}| Name | Sector | Weight |
|---|---|---|
Fund Classification
| Yes | No | N/A | ||
|---|---|---|---|---|
| Voting | ||||
| Engagement | ||||
| ESG integration | ||||
| Exclusion |
| Yes | No | N/A | ||
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| Screening | ||||
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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
The RobecoSAM Smart Energy Equities strategy invests in companies that provide competitive and sustainable solutions to the growing need for clean, efficient, and reliable energy production and consumption. 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 theme-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.
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') ]}}Stock market volatility is likely to remain elevated as retail trader speculations in the US create pockets of asset bubbles. On a macro level, the economic outlook continues to be uncertain at best, given the slow rollout of Covid-19 vaccines. Overall, fund management remains constructive on the markets, with the Fed reiterating that it would maintain its ultra-easy monetary policy for as long as it takes for the job market to recover, and provided inflation remains moderate. The strategy's focus continues to be on smart grid suppliers, semiconductor power management and battery companies, notably for (electric) automotive applications, firms that improve the data centers' power efficiency and companies that provide energy efficient solutions for the industrials and buildings end markets.
Thiemo Lang, PhD
Thiemo Lang is Head of Thematic Investing Energy/Mobility/Materials and Senior Portfolio Manager responsible for the RobecoSAM Smart Energy Equities and the RobecoSAM Smart Mobility Equities strategies. In addition, Thiemo is the lead manager for an Investment Management mandate, the Global EV Revolution fund. Prior to joining Robeco, he was Senior Portfolio Manager of the Lombard Odier Darier Hentsch et Cie. "Infology" technology strategy, where he focused on companies in the fields of energy technologies and new materials. Previously, he co-managed various mutual and institutional funds and was responsible for the conception and launch of the "Activest Lux NanoTech" at Activest (HypoVereinsbank) in Munich. He began his investment career in 1999 as a Technology Analyst at Activest before being promoted to Portfolio Manager. Prior to that, he was a development engineer with Siemens in Munich. He earned his Diploma of Electronics from the University of Stuttgart and holds a PhD in Optics/Photonics from the National Polytechnic Institute of Grenoble. He joined Robeco in 2007.
Details
{{'fund.detail.general.perDate' | labelize:[ fundDate(fund.fundFacts.date,'llll') ]}}| Management company | |
| Fund capital | |
| Size of share class | |
| Outstanding shares | |
| ISIN | LU2258287684 |
| Bloomberg | ROSEEXE LX |
| Valoren | 58848817 |
| WKN | |
| Availability | |
| 1st quotation date | 1606176000000 |
| Close financial year | 31-12 |
| Legal status | |
| Tracking error limit (%) | |
| Reference index |
Cost of this fund
{{'fund.detail.general.perDate' | labelize:[ fundDate(fund.fundCosts.managementFees.date,'llll') ]}}Ongoing charges |
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| Management fee | ||
| Service fee | ||
Transaction costs |
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| The expected transaction costs are |
Performance fee |
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| This fund may also deduct a performance fee of |
Extra fees
| max entry fee | ||
| Max exit fee | ||
| Max sub fee | ||
| Max switch fee |
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.
