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RobecoSAM Sustainable European Equities Z EUR

Index: MSCI Europe Index Total Return Net
ISIN: LU1718492686
  • A sustainable core allocation strategy — Characteristics of a core strategy with risk benefits in down markets.
  • High conviction — Follows a research-driven, performance-oriented investment process reflected in a high active share, low turnover and asset selection as the single main contributor to active risk.
  • Improved environmental footprint — Avoids the most polluting companies while not excluding entire industries. Generates a positive impact across GHG emissions, energy usage, water consumption and waste generation.
Assets class
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Currency EUR
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Dividend payingNo

About this fund

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.

Price development

No performance data available

Price development

RobecoSAM Sustainable European Equities Z EUR

Performance

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The value of the investments may fluctuate. Past performance is no guarantee of future results.
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
The value of the investments may fluctuate. Past performance is no guarantee of future results.
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

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December was characterized by wide price swings and was down nearly 6%. The years 2016/17 were driven by a decline in volatility. The rise in stock return dispersion should not now be seen as something out of the ordinary. The movement represents a return to normal levels of volatility, reflecting the lingering uncertainty about any company’s strengths, outlook and exposure to unforeseen events. Many stocks had been lifted to levels not justified by their fundamentals as a result of suppressed volatility. For example, the shares of Italian bank Unicredit once again were among the poor performers. Its shares had previously doubled from mid-2016 to mid-2018, as said volatility experienced a decline to below average levels. However, the fundamental weaknesses of many European lenders’ business models were hardly mended. When overall support from other than company-specific features falters, the wheat separates from the chaff, leaving the structurally weak businesses at the mercy of the market. Today, the shares are virtually back to their 2016 lows.

Fund allocation

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Name Sector Weight
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Fund Classification

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Voting
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ESG integration
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Sustainability Themed Fund

Currency policy

To reduce any possibility of large currency deviations relative to the benchmark which heighten the level of risk, the fund may bring exposure into line with the currency weights of the benchmark by carrying out currency forward transactions.

Dividend policy

The fund does not distribute dividend; any income earned is retained, and so the fund's entire performance is reflected in its share price.

ESG Integration policy

For RobecoSAM Sustainable European Equities, ESG is integrated at different stages of the investment process. We use sustainability performance ranking to narrow down our universe and focus our fundamental analysis on companies that have demonstrated superior sustainability performance compared to their peers. Then, we integrate the company's sustainability performance in our financial analysis to estimate the stock's fair value. In portfolio construction, we monitor and manage sustainability risks actively through our Media and Stakeholder analysis.

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

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The fund’s strategy aims to make investments in high-quality companies with sustainable, differentiated business models taking a full-cycle view. Given that approach, we’d expect the fund to show its full strength when returns of individual stocks start to materially differ due to less overall market support. The fund’s positions tend to be less driven by assumptions on general market trends, but much more by company-specific qualities that are likely to endure in both positive and negative environments. Driven by expected business resilience and comparably moderate valuations, our key convictions can give some comfort in volatile times.

Kai Fachinger, CFA, Mathias Büeler, CFA
Kai Fachinger, CFA, Mathias Büeler, CFA

Kai Fachinger, CFA, Mathias Büeler, CFA

Kai Fachinger is a Senior Portfolio Manager responsible for managing the RobecoSAM Sustainable European Equities Strategy as well as serving as a Senior Equity Analyst covering the Utilities and Telecommunication Sector. Previously, he was a Financial Engineer at Allianz Global Investors, where he was responsible for asset liability studies as well as for concept studies for life-cycle and decumulation strategies for retirement planning. Kai earned his degree in Mathematical Finance from the University of Constance (Germany) and is a CFA Charterholder. He joined RobecoSAM in 2007. Mathias Büeler is the Senior Portfolio Manager responsible for the RobecoSAM Sustainable European Equities Strategy as well as serving as a Senior Equity Analyst covering the Financials and Consumer Discretionary Sector. Prior to joining, Mathias Büeler worked as a sell-side equity analyst at Kepler Capital Markets for more than four years, covering Swiss banks and diversified financials. Previously, he was Head of Product Management Structured Products at Man Investments for two and a half years. Mathias Büeler holds a Master of Arts majoring in Business Administration from the University of Zurich and is a CFA chartholder. He joined RobecoSAM in 2011.

Details

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Management company
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ISINLU1718492686
BloombergROSSEEZ LX
Valoren
WKN
Availability
1st quotation date1510790400000
Close financial year31-12
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Cost of this fund

Ongoing charges

This fund deducts ongoing charges of
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The expected transaction costs are

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This fund may also deduct a performance fee of

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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.

Important legal information

The content displayed on this website is exclusively directed at qualified investors, as defined in the swiss collective investment schemes act of 23 june 2006 ("cisa") and its implementing ordinance, or at “independent asset managers” which meet additional requirements as set out below. Qualified investors are in particular regulated financial intermediaries such as banks, securities dealers, fund management companies and asset managers of collective investment schemes and central banks, regulated insurance companies, public entities and retirement benefits institutions with professional treasury or companies with professional treasury.

The contents, however, are not intended for non-qualified investors. By clicking "I agree" below, you confirm and acknowledge that you act in your capacity as qualified investor pursuant to CISA or as an “independent asset manager” who meets the additional requirements set out hereafter. In the event that you are an "independent asset manager" who meets all the requirements set out in Art. 3 para. 2 let. c) CISA in conjunction with Art. 3 CISO, by clicking "I Agree" below you confirm that you will use the content of this website only for those of your clients which are qualified investors pursuant to CISA.

Representative in Switzerland of the foreign funds registered with the Swiss Financial Market Supervisory Authority ("FINMA") for distribution in or from Switzerland to non-qualified investors is ACOLIN Fund Services AG, Affolternstrasse 56, 8050 Zürich, and the paying agent is UBS Switzerland AG, Bahnhofstrasse 45, 8001 Zürich. Please consult www.finma.ch for a list of FINMA registered funds.

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