Robeco Sustainable Asian Stars Equities S EUR

High conviction in the most attractive Asian markets

Clase de acción Clase de acción 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.

Clase y códigos

Clase de activos
Equities
ISIN
LU2133221098
Bloomberg
ROASESE LX

Clase de activos

Equities

ISIN

LU2133221098

Bloomberg

ROASESE LX

Índice

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

Información sobre sostenibilidad
Información sobre sostenibilidad
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.

Artículo 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

( 31-07 )

Visión general Rentabilidad & costes Cartera de valores Sostenibilidad Comentario Documentos

Puntos clave

Focus on companies that drive sustainable development in Asia
Targets the most attractive Asian markets
The ‘best-in-class’ strategy exhibits significantly lower environmental footprint and better ESG score versus broader index, while maintaining the same outperformance target

Acerca de este fondo

Robeco Sustainable 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 objective is to achieve a better return than the index. The fund selects investments based on a combination of top-down country analysis and bottom-up stock ideas. The reference to "Stars" in the name of the fund refers to an approach whereby only the most attractive companies (in terms of actual and/or potential capital gains and/or generation of income and/or growth) are selected. The fund aims at selecting stocks with relatively low environmental footprints compared to stocks with high environmental footprints.

Hechos clave

A 31-07-2026

Tamaño del fondo	EUR 36,199,255
Tamaño de la clase de acción	EUR 348,477
Fecha de creación de la clase de acciones	30-03-2020
Rendimiento de 1 año	38.09%
Pago de dividendos	No

Gestor del fondo

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.

Por periodo	Fondo	Index
1 mes	-5.86%	-3.84%
3 meses	7.18%	8.34%
YTD	25.62%	24.66%
1 año	38.09%	36.82%
2 años	24.20%	24.57%
3 años	16.64%	18.87%
5 años	9.62%	8.96%
Desde inicio 30-03-2020	13.77%	13.25%

Estadísticas	3 años	5 años
Error de seguimiento ex-post (%) 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.	4.46	4.95
Ratio de información 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.	-0.14	0.42
Ratio de 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.	0.80	0.51
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..	-1.34	2.09
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.	1.07	0.99
Desviación estándar 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).	19.30	17.71
Máx. ganancia mensual (%) The maximum (i.e. highest) absolute positive monthly performance in the underlying period.	14.27	14.27
Máx. pérdida mensual (%) The maximum (i.e. highest) absolute negative monthly performance in the underlying period.	-12.73	-12.73

Coste de este fondo	Porcentaje
Gastos corrientes 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.	0.85%
Comisión de gestión incluida A fee paid by the fund to the asset management company for the professional management of the fund.	0.60%
Comisión de servicio incluida This fee is intended to cover official fees, such as the cost of annual reports, annual shareholders' meetings and price publications.	0.20%
Gastos transaccionales The transaction costs shown are the average annual transaction costs over the last three years calculated in accordance with European regulations.	0.14%

Tratamiento fiscal del producto

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.

Tratamiento fiscal del inversor

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.

Evolución del mercado

A 31-07-2026

Asian markets fell 3.2% in July, underperforming versus a flat world index. During July, there was substantial intra-month and sector/market/factor variation driven by a pullback in AI stocks. Not for the first time, concerns surfaced in late June about the sustainability of AI capex due to hyperscalers' financing and monetization challenges and competition from China. But the resultant wobble in AI stocks was amplified by an intense positioning unwind, including from equity hedge funds and leveraged ETFs in South Korea. This de-leveraging of positions triggered rotations across all aspects: from North Asia to ASEAN/India, from tech/industrials to discretionary/financials, and from momentum/growth to low volatility. Overall, tech and tech-heavy markets (South Korea: -17.9%; Taiwan: -5.3%) underperformed. China's tech sector also suffered, but the overall market (China: +9.0%) was buoyed by a strong rebound in heavyweight internet stocks (e.g., Baba: +26%). ASEAN (+7.4%) and India (+1.6%) delivered gains in July and attracted renewed foreign inflows.

Explicación del rendimiento

A 31-07-2026

Based on transaction prices, the fund's return was -5.86%. In July, Robeco Sustainable Asian Stars was broadly in line with the index. China was the main positive contributor, but South Korea and India detracted. In terms of sectors, stock selection was positive in IT but detracted in industrials and financials. On the positive side, not owning Samsung Electronics contributed this month. Chinese education company New Oriental rebounded strongly after positive earnings. Chinese home appliance company Midea performed well on positive results. Chinese insurance company Ping An rebounded from earlier drops. South Korean cosmetics brand Amorepacific Holdings performed well amid volatile trading in the South Korean equity market this month. Conversely, our other AI exposures – SK Square, SK hynix and Mediatek – got sold off in July. The underweight in Taiwan semi-detracted as the stock outperformed other tech stocks. Samsung Life as a derivative to Samsung Electronics got sold off in July as well.

Expectativas del gestor del fondo

Vicki Chi
Joshua Crabb

Overall, we remain constructive on Asian equities. Absolute and relative valuations remain compelling, earnings revisions are still supportive, and the region continues to offer differentiated structural growth opportunities. However, the combination of a sharp rebound, elevated energy prices and narrowing market leadership reinforces the importance of vigilance – closely monitoring earnings delivery, managing concentration risk, and diversifying sources of alpha within portfolio construction. We focus on bottom-up stock picking and on companies with a good sustainability profile, solid cash flow generation, trading at a good price and having positive momentum.

Robeco Sustainable Asian Stars Equities S EUR

High conviction in the most attractive Asian markets

Puntos clave

Acerca de este fondo

Hechos clave

Gestor del fondo

Rentabilidad

Evolución del precio

Estadísticas

Coste

Tratamiento fiscal del producto

Tratamiento fiscal del inversor

Asignación del fondo

Políticas

Evolución del mercado

Explicación del rendimiento

Expectativas del gestor del fondo

Documentos del fondo

Informes anuales y semestrales

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