Robeco Asian Stars Equities D EUR

Concentrated and unconstrained investment in Asia's brightest stars

Classe di azioni Classe di azioni Every share class of a product invests in the same portfolio of securities and has the same investment objectives and policies. However, their parameters might deviate. For instance and amongst others, their distribution type, currency exposure or fees and expenses might differ. The most common share classes at Robeco are: a) D/DH shares, which are regular shares and available for all Investors; b) I/IH shares, for institutional investors as defined from time to time by the Luxembourg supervisory authority. For more information on share classes please go to the prospectus.

Classe e codici

Asset class
Equities
ISIN
LU0591059224
Bloomberg
ROBASEQ LX

Asset class

Equities

ISIN

LU0591059224

Bloomberg

ROBASEQ LX

Benchmark

MSCI AC Asia ex Japan Index (Net Return, EUR)

Informativa sulla sostenibilità
Informativa sulla sostenibilità
Under the EU Sustainable Finance Disclosure Regulation, products can be labelled as either Article 6, 8 or 9 fund.
Article 6 - The fund is not in scope of enhanced sustainability disclosures compared to Article 8 and 9.
Article 8 - The fund does not have a sustainable investment objective but promotes environmental or social characteristics and is subject to enhanced sustainability disclosures.
Article 9 - The fund has a sustainable investment objective and is subject to enhanced sustainability disclosures.
Regardless of Article 8 or 9, the companies in which investments are made must follow good governance practices, and sustainable investments must not do any significant harm.

Articolo 8

Morningstar Morningstar Copyright © Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. Download The Morningstar Rating for Funds (chapter: The Morningstar Rating: Three-, Five-, and 10-Year) on the Morningstar website.

Rating

( 30-06 )

Panoramica Performance & costi Portafoglio Sostenibilità Commento Documenti

Punti chiave

Contrarian strategy in Asia ex-Japan equities, targeting an active share in excess of 80%
Value with a future: Unique blend of value style and momentum awareness
Concentrated portfolio driven by bottom-up selection targeting approximately 30-50 positions

Caratteristiche del fondo

Robeco Asian Stars Equities is an actively managed fund that invests in stocks of the most attractive companies in Asia. The selection of these stocks is based on fundamental analysis. The fund's focus is on the high-growth developing countries in the region. The fund focuses on stock selection and has a concentrated portfolio.

Aspetti principali

Al 30-06-2026

Dimensione del fondo	EUR 58,642,604
Dimensione della classe di azioni	EUR 24,715,444
Data di inizio della classe di azioni	18-03-2011
Performance 1 anno	46.08%
Pagamento del dividendo	Accumulazione

Gestore

Vicki Chi
Joshua Crabb

Vicki Chi is Portfolio Manager in the Asia Pacific team with a focus on defensive sectors. Prior to joining this team in 2014, she was an Analyst in the Robeco Emerging Markets team where she covered Chinese stocks in the telecom and banking sector. Vicki started her career in 2006 at Robeco. She is a native speaker of Mandarin Chinese and holds a Master’s in Business Administration from Erasmus University Rotterdam. She also is a CFA® charterholder. Joshua Crabb is Lead Portfolio Manager and Head of Asia Pacific Equities. Before joining Robeco in 2018, Joshua was Head of Asian Equities at Old Mutual and Portfolio Manager at BlackRock and Prudential in Hong Kong. He started his career in the investment industry as Sector Analyst at BT Financial Group in 1996. Joshua holds a Bachelor's with Honors in Finance from the University of Western Australia and he is a CFA® charterholder.

Per periodo	Fondo	Index
1 mese	-1.05%	0.75%
3 mesi	26.58%	28.70%
Ytd	29.62%	29.64%
1 anno	46.08%	49.67%
2 anni	22.32%	26.34%
3 anni	18.35%	22.41%
5 anni	9.94%	8.12%
10 anni	10.53%	10.54%
Dal lancio 17-03-2011	9.56%	8.95%

Statistiche	3 anni	5 anni
Tracking error a posteriori (%) The ex-post tracking error is defined as the volatility of the fund's achieved excess return over the index return. In fund management, most managers are subject to an ex-ante (pre-determined) tracking error, which defines the extent of the additional risk they may take when aspiring to outperform the fund's benchmark. The ex-post tracking error explains the distribution of past fund performances compared to those of its underlying benchmark. With a higher tracking error, the fund's returns deviate more from its index's returns, hence there is a greater chance that the fund may outperform. The wider the spread of returns relative to the benchmark, the more "actively" a fund has been managed. In contrast, a low tracking error indicates more "passive" management.	4.47	5.65
Information ratio This ratio serves to evaluate the quality of the excess return a fund manager has achieved because it takes the active risk involved into account. The information ratio is defined as the excess return over the benchmark return divided by the fund's tracking error. The higher the information ratio, the better. For example, a fund with a tracking error of 4% and an excess return of 2% over benchmark has an information ratio of 0.5, which is quite good.	-0.45	0.62
Indice di Sharpe This ratio measures the risk-adjusted performance and allows the performance quality of different investments to be compared. It is calculated by subtracting the risk-free rate from the fund's returns and dividing the result by the fund's standard deviation (risk). So the Sharpe ratio tells us whether a fund's returns are the result of smart investment decisions or stem from taking extra risk. The higher the ratio, the better, meaning that a greater return is achieved per unit of risk. This ratio is named after its inventor, Nobel Laureate, William Sharpe.	0.89	0.55
Alpha (%) Alpha measures the difference between a portfolio's actual return and its expected performance, given the level of risk, compared to the benchmark. A positive alpha figure indicates that the fund has performed better than expected, given the level of risk. Beta is used to calculate the level of risk compared to the benchmark..	-3.31	3.58
Beta Beta is a measure of a portfolio's volatility, or systematic risk, in comparison to the benchmark. A beta of 1 indicates that the portfolio will move with the benchmark. A beta of less than 1 means that the portfolio will be less volatile than the benchmark. A beta of more than 1 indicates that the portfolio will be more volatile than the benchmark. For example, if a portfolio's beta is 1.2 it is theoretically 20% more volatile than the benchmark.	1.11	0.96
Scostamento standard Standard deviation is a measure of the dispersion of a set of data from its mean. The more spread out the data is, the higher the deviation. In finance, standard deviation is applied to the annual rate of return of an investment to measure the investment's volatility (risk).	19.75	17.66
Utile mensile max. (%) The maximum (i.e. highest) absolute positive monthly performance in the underlying period.	14.58	14.58
Perdita mensile max. (%) The maximum (i.e. highest) absolute negative monthly performance in the underlying period.	-14.42	-14.42

Costi del fondo	Percentuale
Spese correnti Indication of annual charges that are deducted for this fund. This indication is based on the costs over the last calendar year and may vary from year to year. Transaction costs incurred by the fund, any performance fees and other one-off costs are not included in the ongoing charges.	1.50%
Commissione di gestione incluse A fee paid by the fund to the asset management company for the professional management of the fund.	1.25%
Commissione di servizio incluso This fee is intended to cover official fees, such as the cost of annual reports, annual shareholders' meetings and price publications.	0.20%
Costi di transazione The transaction costs shown are the average annual transaction costs over the last three years calculated in accordance with European regulations.	0.10%

Trattamento fiscale del prodotto

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.

Trattamento fiscale dell'investitore

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.

Sviluppo del mercato

Al 30-06-2026

Asian markets ended a volatile June down 1.3%, slightly weaker than the world index's -0.9%. The month was marked by heightened volatility and dispersion given: (1) decline in commodity prices (particularly oil) following moves toward a peace deal in Iran, (2) concerns over a stronger dollar and higher interest rates following continued firm US data and a hawkish perception of new Fed Chair Kevin Warsh's first FOMC, (3) sharp pullback (following renewed monetization concerns) but eventual recovery (following reports from Micron and Broadcom) in AI hardware names, and (4) heightened volatility in South Korea resulting from large outstanding leveraged ETFs.

Spiegazione della performance

Al 30-06-2026

Based on transaction prices, the fund's return was -1.05%. The portfolio underperformed its benchmark driven by stock selection. South Korea was the main positive contributor, but Taiwan detracted. In terms of sectors, stock selection was positive in consumer discretionary but detracted in IT. On the positive side, as a result of the volatility our memory overweight continued to work well this month: SK Square, SK hynix and Samsung Electronics Pref performed very well. Not owning Delta Electronics and Hyundai Motor contributed positively. Conversely, not owning Samsung Electronics common shares detracted. Hanwha Corp dropped along with other South Korean conglomerates this month. Chroma ATE and Hon Hai precision retreated in Taiwan. Zijin Gold dropped along with a weaker gold price.

Aspettative del gestore

Vicki Chi
Joshua Crabb

Despite elevated geopolitical risks and higher energy prices, Asian equity markets have rebounded to new highs. Performance, however, has been notably narrow, concentrated in AI-exposed IT leaders in South Korea and Taiwan. Encouragingly, capex and order momentum across the AI ecosystem continues to support earnings growth, particularly within semiconductors and related supply chains. We previously viewed the Iran-related sell-off as an attractive entry point given resilient fundamentals and the valuation reset at that time – a view that has been validated by the subsequent rebound.

Robeco Asian Stars Equities D EUR

Concentrated and unconstrained investment in Asia's brightest stars

Punti chiave

Caratteristiche del fondo

Aspetti principali

Gestore

Performance

Evoluzione dei prezzi

Statistiche

Costi

Trattamento fiscale del prodotto

Trattamento fiscale dell'investitore

Allocazione del fondo

Politiche

Sviluppo del mercato

Spiegazione della performance

Aspettative del gestore

Documenti del fondo

Relazioni annuali/semestrali

Annunci

Let's keep the conversation going