Emerging Markets Climate Transition Equities Z EUR - LU3429229456

Kernpunten

Investing in companies that are leading or enabling the climate transition in emerging markets
Leveraging Robeco's proprietary climate research and IP, combined with a strong track record in emerging markets equities
Investing in companies that contribute to a cleaner world while maintaining financial discipline

Over dit fonds

Robeco Emerging Markets Climate Transition Equities is an actively managed sub-fund that invests in equities in emerging countries across the world. The Sub-fund will take exposure of at least two thirds of its total assets to equities of companies incorporated or exercising a preponderant part of their economic activities in Emerging Countries. The stock selection is based on fundamental analysis. The Sub-fund aims to make investments in assets that contribute to a climate transition. Climate transition pertains to the transitional efforts required to limit global temperature increase to well-below 2°C degrees, aligned with the goals of the Paris Agreement. This is achieved by investing in companies that are making the transition and companies are enabling the transition, as described in the Prospectus.

Belangrijke feiten

Per 31-07-2026

Totale fondsgrootte	EUR 4,453,913
Grootte van de shareclass	EUR 24,340
Ingangsdatum shareclass	21-07-2026
Dividenduitkerend	Nee

Fondsmanager

Rob Schellekens
Daniela da Costa
Jaap van der Hart

Rob Schellekens is Lead Portfolio Manager of the Emerging Markets ex-China fund. On the research side he provides coverage of Russia, South America ex-Brazil and the Middle East. Prior to joining Robeco in 2005, Rob was an Analyst at Integra in Peru and at RBC Global Investment Management in Canada where he started his career in the industry in 2004. He holds a Bachelor's Honors in Economics from the Queen's University in Canada. Daniela da Costa is co-portfolio manager of Robeco's Global SDG Engagement fund and has a research focus on Brazil and the African consumer sector. Prior to joining Robeco in 2010, she was Portfolio Manager Latin American Equities at Nomura in London. Before that, Daniela worked at HSBC and with the Petrobras pension fund in Brazil. She started her career in the industry in 1997. Daniela holds a Master's in Economics from the Brazilian Capital Markets Institute in Rio de Janeiro (IBMEC-RJ) and a MBA certificate in pension fund asset management from the Federal University of Rio de Janeiro (COPPE-UFRJ). She is board member of AMEC, the Brazilian stewardship agency and a member of Robeco’s SDG committee and Biodiversity Task Force. Jaap van der Hart is the Lead Portfolio Manager of Robeco’s High Conviction Emerging Stars strategy. Over time, he has been responsible for the investments in South America, Eastern Europe, South Africa, Mexico, China and Taiwan. He also coordinates the country allocation process. He started his career in the investment industry in 1994 at Robeco's Quantitative Research department and moved to the Emerging Markets Equity team in 2000. Jaap holds a Master's in Econometrics from Erasmus University Rotterdam. He has published several academic articles on stock selection in emerging markets.

De performancegegevens voor dit fonds zijn niet beschikbaar of beperkt door de MiFID-regelgeving, waardoor we geen performancegegevens kunnen rapporteren voor fondsen met een track record van minder dan 12 maanden.

Kosten van dit fonds	Percentage
Lopende kosten 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.	0.01%
Inbegrepen beheervergoeding A fee paid by the fund to the asset management company for the professional management of the fund.	0.00%
Inbegrepen serviceprovisie This fee is intended to cover official fees, such as the cost of annual reports, annual shareholders' meetings and price publications.	0.00%
Transactiekosten The transaction costs shown are the average annual transaction costs over the last three years calculated in accordance with European regulations.	0.09%

Fiscale behandeling product

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 0.01% 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.

Fiscale behandeling belegger

Investors who are not subject to (exempt from) Dutch corporate-income tax (e.g. pension funds) are not taxed on the achieved result. Investors who are subject to Dutch corporate-income tax can be taxed for the result achieved on their investment in the fund. Dutch bodies that are subject to corporate-income tax are obligated to declare interest and dividend income, as well as capital gains in their tax return. Investors residing outside the Netherlands are subject to their respective national tax regime applying to foreign investment funds. We advise individual 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.

Marktontwikkeling

Per 31-07-2026

Emerging markets declined 3.7% (EUR) in July, underperforming versus developed markets, which fell 0.1% (EUR). Performance was primarily affected by a correction in AI and technology-related stocks, particularly in South Korea and Taiwan, as investors reassessed AI spending, funding needs, commercialization prospects, and rising competition from Chinese companies. South Korea was further impacted by hedge fund de-risking and reduced leveraged ETF exposure. Market sentiment improved toward month-end as deleveraging pressures eased, supporting a strong rebound in South Korean equities. Geopolitical tensions in the Middle East also weighed on markets, with renewed hostilities and ongoing Red Sea shipping disruptions pushing oil prices higher and reducing risk appetite. Top-performing markets were Colombia, Indonesia, Poland, the Czech Republic, and Greece, while South Korea, Taiwan, and Turkey lagged.

Verwachting van de fondsmanager

Rob Schellekens
Daniela da Costa
Jaap van der Hart

The war in the Middle East is a significant shock with a big impact on the region and on global oil and gas prices. Even though the most likely scenario is that the war will be relatively short, risks do remain for a longer conflict and larger impact. Also economically, the US has become a source of more uncertainty on interest rate policy, import tariffs and policy making. Emerging markets are having to rely more on their own domestic policies and growth opportunities. We still expect higher structural economic growth compared to developed markets, while macroeconomic stability has significantly improved. Emerging equity markets' valuations have become attractive relative to developed markets, with discounts of more than 35% based on earnings multiples. Expected earnings growth is 46% for 2026 and 17% for 2027, both above developed markets.