Robeco, The Investments Engineers
United Kingdom
International
Europe
Belgique (FR)
België (NL)
Deutschland
España
France
Italia
Nederland
Schweiz (DE)
Switzerland (EN)
United Kingdom
Other countries
Asia-Pacific
Australia
上海 (CN)
Hong Kong (EN)
香港 (ZH)
日本 (JP)
Singapore
Americas
América Latina (ES)
Latin America (EN)
United States
Africa & Middle East
Africa
Middle East
blue circle
Robeco, The Investments Engineers
  • Insights
    • Latest
    • Top stories
    • Market view & outlook
    • Education
    • Webinars
  • Products
    • Funds
    • Strategies
    • Opportunities
  • Sustainable investing
    • Journey
    • Expertise
    • Influence
    • Climate & Biodiversity
    • SDGs
  • About us
    • Who we are
    • Key strengths
    • Diversity & inclusion
    • Contact
International
Global website
Europe
Belgique (FR)
België (NL)
Deutschland
España
France
Italia
Nederland
Schweiz (DE)
Switzerland (EN)
United Kingdom
Other countries
Asia-Pacific
Australia
上海 (CN)
Hong Kong (EN)
香港 (ZH)
日本 (JP)
Singapore
Americas
América Latina (ES)
Latin America (EN)
United States
Africa & Middle East
Africa
Middle East
loader
Contact us

Robeco FinTech X USD

Monetizing the growing digitalization in the financial sector

Contact us

Share classes

Share classes

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.

X-USD

D-EUR

D-USD

F-EUR

F-GBP

F-USD

I-EUR

I-USD

X-EUR

X-GBP

XH-CHF

Class and codes

Asset class:

Equities

ISIN:

LU2216804133

Bloomberg:

ROFTXUA LX

Index

MSCI All Country World Index (Net Return, USD)

Sustainability-related information

Sustainability-related information

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.

Article 8

  • Overview
  • Performance & costs
  • Portfolio
  • Sustainability
  • Commentary
  • Documents
Switch funds

Fund topics

Overview
Performance & costs
Portfolio
Sustainability
Commentary
Documents
Switch funds

MISSING: fund.detail.tabs.

Key points

  • Invests in stocks of companies all over the world which benefit from the increasing digitization of the financial sector
  • Top-down trend selection and bottom-up stock selection using proprietary valuation models
  • Risk limitation through diversification over multiple trends with different drivers and risk characteristics

About this fund

Robeco FinTech is an actively managed fund that invests in stocks in developed and emerging countries. The selection of these stocks is based on fundamental analysis.The fund's objective is to achieve a better return than the index. Proprietary valuation models are used to select stocks with good earnings prospects and a reasonable valuation and those companies which benefit from the increasing digitization of the financial sector are included. These are individually assessed on the basis of industry trend analysis, in-depth discussions with corporate management, analysts and industry experts.

Key facts

Per 28-02-2023

Total size of fund

$ 574,986,544

Size of share class

$ 43,967,876

Inception date fund

25-08-2020

1-year performance

-21.82%

Dividend paying

No

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

Fund manager

Patrick Lemmens

Michiel van Voorst CFA

Koos Burema

Patrick Lemmens is Lead Portfolio Manager within the Trends Equities team. He has a focus on financials/fintech. Prior to joining Robeco in 2008, he managed the ABN AMRO Financials fund from October 2003 to December 2007. Previously, he held the position of Analyst of Global Financials at ABN AMRO and was Global Sector Coordinator of the Financial Institutions Equities Group at ABN AMRO. Patrick Lemmens started his career in the investment industry in 1993. He holds a Master's in Business Economics from Erasmus University Rotterdam and is a Certified European Financial Analyst. Michiel van Voorst is Co-Portfolio Manager within the Trends Equities team. He has a focus on financials/fintech/next digital billion. In 2019, Michiel rejoined Robeco from Union Bancaire Privée in Hong Kong where he was CIO Asian Equities. Prior to that, Michiel spent 12 years at Robeco in several senior positions including senior portfolio manager Rolinco Global Growth fund and Robeco Asian Stars. Prior to joining Robeco in 2005, Michiel was Portfolio Manager US Equity at PGGM and Economist with Rabobank Netherlands. Michiel started his career in the investment industry in 1996. Michiel van Voorst holds a Master’s in Economics from University of Utrecht and is a CFA® charterholder. Koos Burema is Co-Portfolio Manager within the Trends Equities team. He has a focus on financials/fintech. Koos was an Analyst with the Emerging Markets team covering Korea and technology in Taiwan and Mainland China. Besides this, he was responsible for the integration of ESG in the investment process. Before joining the team in January 2010, he worked as a Portfolio Manager for different sector teams within Robeco. He started his career in the industry in 2007. Koos holds a Master’s in Business Administration from the University of Groningen and is a CFA® charterholder.

Key points
About the fund
Key facts
Fund manager

Performance

Per 28-02-2023
Per period Fund Index

1 month

-3.83%

-2.87%

3 months 

2.60%

0.00%

YTD

8.07%

4.10%

1 year

-21.82%

-8.26%

2 years

-18.11%

-0.55%

Since inception 08/2020

-8.42%

4.97%

The value of the investments may fluctuate. Past performance is no guarantee of future results.
Annualized (for periods longer than one year).
Performances are net of fees and based on transaction prices.

Costs

Per 28-02-2023
Cost of this fund Percentage

Ongoing charges

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.

0.81%

Included management fee

A fee paid by the fund to the asset management company for the professional management of the fund.

0.60%

Included service fee

This fee is intended to cover official fees, such as the cost of annual reports, annual shareholders' meetings and price publications.

0.16%

Transaction costs

The transaction costs shown are the average annual transaction costs over the last three years calculated in accordance with European regulations.

0.21%

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.

Performance
Price development
Cost of this fund
Fiscal: product
Fiscal: investor

Fund allocation

Asset

Currency

Sector

Top 10

  • Asset
  • Currency
  • Sector
  • Top 10

Policies

  • The fund can engage in currency hedging transactions. Typically currency hedging is not applied.

  • The fund does not distribute dividend. The fund retains any income that is earned, and so its entire performance is reflected in the price.

  • Robeco FinTech is an actively managed fund that invests in stocks in developed and emerging countries. 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 promotes E&S (i.e. Environmental and Social) characteristics within the meaning of Article 8 of the European Sustainable Finance Disclosure Regulation, integrates sustainability risks in the investment process and applies Robeco’s Good Governance policy. The fund applies sustainability indicators, including but not limited to, normative, activity-based and region-based exclusions, proxy voting and engagement. Proprietary valuation models are used to select stocks with good earnings prospects and a reasonable valuation and those companies which benefit from the increasing digitization of the financial sector are included. These are individually assessed on the basis of industry trend analysis, in-depth discussions with corporate management, analysts and industry experts. The majority of stocks selected will be components of the Benchmark, but stocks outside the Benchmark may be selected too. The investment policy is not constrained by a benchmark but the fund may use a benchmark for comparison purposes. The fund can deviate substantially from the issuer, country and sector weightings of the Benchmark. There are no restrictions on the deviation from the Benchmark. The Benchmark is a broad market weighted index that is not consistent with the ESG characteristics promoted by the fund.

  • Risk management is fully integrated into the investment process to ensure that positions always meet predefined guidelines.

Fund allocation
Policies

Sustainability-related disclosures

Full sustainability-related disclosures
Download full report
Summary sustainability-related disclosures
Download summary

Sustainability profile

Per 28-02-2023
Exclusions
ESG Integration
Voting & Engagement

Sustainability

Per 28-02-2023

The fund incorporates sustainability in the investment process through exclusions, ESG integration, engagement and voting. The fund does not invest in issuers that are in breach of international norms or where activities have been deemed detrimental to society following Robeco's exclusion policy. Financially material ESG factors are integrated in the bottom-up investment analysis to assess existing and potential ESG risks and opportunities. In the stock selection the fund limits exposure to elevated sustainability risks. In addition, where a stock issuer is flagged for breaching international standards in the ongoing monitoring, the issuer will become subject to engagement. Lastly, the fund makes use of shareholder rights and applies proxy voting in accordance with Robeco's proxy voting policy.

Information
Profile
Sustainability

Market development

Per 28-02-2023

Equity markets gave back some of January's gains as yield curves across the globe shifted upwards. Persistent inflationary pressures have dampened sentiment. Across the different parts of the fintech investment universe we see most companies being cautious in their guidance. Across many different payments companies we have seen more cautious guidance on revenue growth, while they still need to invest in order to win market share and grow. On the one hand, the payments field is quite competitive. On the other hand, traditional banks and incumbent payments companies continue to underinvest, especially in IT. Across the fintech investment universe we strive for a good balance between growth and value.

Performance explanation

Per 28-02-2023

Based on transaction prices, the fund's return was -3.83%. During February, the fund had a lower return than the reference index. The largest performance differences on a GICS industry level were seen with positive contributions coming from Internet & Direct Marketing Retail (MercadoLibre), Banks (NU Holdings, Bancorp), Consumer Finance and Capital Markets (Coinbase). IT Services (Stone, PayPal and EPAM), Software (Linklogis), Interactive Media & Services (Tencent) and Professional Services were the worst relative industry contributors to performance during February. Challengers made the best relative, but still a small negative contribution to performance. Enablers made the worst negative contribution, while winners finished in the middle. On a whole portfolio level, the best relative performance originated from Fiserv, NU Holdings, MercadoLibre, Coinbase, FLEETCOR, SBI Holdings, Bancorp and Monex. The largest detractors from performance were StoneCo, Linklogis, PayPal, Tencent and S&P.

Expectation of fund manager

Patrick Lemmens

Michiel van Voorst CFA

Koos Burema

After a tough 2022, there has been a significant valuation reset. We still see solid growth potential across the fintech investment universe. Though, not surprisingly, there is a significantly larger focus on the ability to generate cash, to be profitable. While it will take a while to see higher multiples, we do believe that fintech companies that can grow faster will be rewarded with higher valuations. Enhancing financial inclusion remains a very important raison d'être for fintech, while we also see increasing importance of B2B business models in especially international/cross-border payments as well as in digital asset applications focused on wholesale business models. After a tough 2022, which followed a too good to be true 2020/2021, the year 2023 and beyond will hopefully show that fintech offers great long-term growth opportunities at much lower valuation multiples.

Market development
Performance explanation
Expectation of fund manager

Fund documents

  • Factsheet
  • Product sheet
  • Portfolio Manager's Update
  • Prospectus
  • Articles of association
  • Key Investor Information (KIID)
  • Full sustainability-related disclosures
  • Summary sustainability-related disclosures

(Semi) annual reports

  • Annual report 2021
  • Annual report 2020
  • Annual report 2019
  • Semi-annual report 2022
  • Semi-annual report 2021
  • Semi-annual report 2020

Announcements

  • Publication Semi-annual reports 2022 (31-08-2022)
  • Semi-annual 2021 available (31-08-2021)
Fund documents
Reports
Announcements

Related insights

Read

26-01-2023 · Insight

Consumer trends in 2023: Consumer health and sustainable consumption

Learn more

Read

18-01-2023 · Insight

Despite crypto winter, Digital Asset projects are still thriving

Learn more

Read

13-12-2022 · Insight

ZIRP-exit is a structural positive for financials

Learn more

Read

30-09-2022 · Insight

Upgrading the grid is an urgent global priority

Learn more

Read

26-09-2022 · Research

Academic insights into using machine learning for valuation

Learn more

Read

28-06-2022 · Insight

The future of fashion

Learn more

Read

02-06-2022 · Insight

As digital currencies rise, banking systems remain very much needed

Learn more

Read

22-03-2022 · Insight

Water systems and climate change put cities at heightened risk

Learn more

Read

09-02-2022 · Insight

Running a tight chip – is there relief in sight for semiconductor supplies?

Learn more

Read

03-02-2022 · Insight

Resource Stewardship: new trend added to the MegaTrends capability

Learn more

Read

16-12-2021 · Product webinar

Global consumer trends and fintech: what trends will prevail in the New Normal?

Learn more

Read

14-12-2021 · Stunning statistics

The low carbon transition is bound to be a watershed for financial institutions

Learn more

Read

29-11-2021 · Insight

Integrating ESG and carbon metrics alongside active engagements

Learn more

Read

23-09-2021 · Product webinar

The Next Digital Billion strategy

Learn more

Read

15-09-2021 · Insight

The next digital billion: How internet adoption is boosting global growth

Learn more

Read

21-07-2021 · Stunning statistics

Ecommerce frenzy puts last-mile delivery under the spotlight

Learn more

24-06-2021 · Product webinar

What’s buzzing in fintech? Targeting the alphabet soup of opportunities

Learn more

Read

Read

16-06-2021 · Stunning statistics

Cybercrime outbreak unleashes security spending tide

Learn more

01-06-2021 · Product video

Investing in the future of finance

Learn more

Read

11-05-2021 · Video

The future of food and wellness – watch the discussion

Learn more

Read

06-05-2021 · Product webinar

Leveraging the future: the global consumer trends that are here to stay

Learn more

Read

30-04-2021 · Video

Value vs. growth in trends – watch the debate

Learn more

Read

Read

20-04-2021 · Insight

The coming wave of disruption: from bitcoin to decentralized finance

Learn more

Read

15-04-2021 · Video

Trends: Here today, here tomorrow – watch the show

Learn more

Read

14-04-2021 · Insight

The future of food will be healthier and more sustainable

Learn more

Read

01-04-2021 · Insight

The ‘caring economy’: Resilient growth in uncertain times

Learn more

31-03-2021 · Product video

Uncovering the structural winners of consumer trends

Learn more

Read

Read

23-02-2021 · Stunning statistics

Amazon smashes Italy on R&D

Learn more

Read

21-01-2021 · Insight

Consumer trends in 2021: The future of commerce and the caring economy

Learn more

Read

08-01-2021 · Insight

Why do ‘quality compounder’ stocks always look impossibly expensive?

Learn more

Read

16-11-2020 · Insight

Trends and thematic investing: cutting through short-term noise

Learn more

30-10-2020 · Interview

'Most stocks do not outperform Treasury Bills in the long run'

Learn more

Read

15-10-2020 · Research

The Big Book of Trends and Thematic Investing

Learn more

Read

Read

10-10-2020 · Insight

Latin American fintech: Thriving in a fast-changing environment

Learn more

Read

23-07-2020 · Insight

Streaming is the future of media

Learn more

Read

08-06-2020 · Insight

Pet care market: well-prepared to weather the Covid-19 storm

Learn more

Read

13-05-2020 · Insight

Covid-19 driving trends: a foot on the brake or the accelerator?

Learn more

Read

11-05-2020 · Insight

M&A in fintech: when will the music play again?

Learn more

Read

28-04-2020 · Insight

Online meal delivery: Growth potential intact despite Covid-19 headwinds

Learn more

Read

21-01-2020 · Insight

Consumer trends in 2020: food delivery, humanization of pets and streaming wars

Learn more

20-09-2019 · Podcast

Podcast: ‘With tech companies we need to be very vigilant’

Learn more

Read

Read

09-09-2019 · Column

Buying cheap is an expensive business

Learn more

30-08-2019 · Insight

Digital twins and machine vision: exciting themes of ‘smart’ production

Learn more

Read

15-05-2019 · Insight

The key consumer trend of 2019: health and wellness

Learn more

Read

25-03-2019 · Video

Megatrends shape business and society

Learn more

Read

Read

06-09-2017 · Research

The rationale for trends investing

Learn more

Read

09-09-2014 · Interview

Seven reasons for the rise of retailer Zara

Learn more

Let's keep the conversation going

Keep track of fast-moving events in sustainable and quantitative investing, trends and credits with our newsletters.

Stay updated
Robeco

Robeco aims to enable its clients to achieve their financial and sustainability goals by providing superior investment returns and solutions.

Key topics
Insights
Funds
Strategies
Opportunities
Sustainable investing
About us
Quick links
Contact
Glossary
Insurers
Advisor education
Expertise
Sustainable investing
Quantitative investing
Thematic investing
Emerging markets
Credit investing

Disclaimer Privacy and Cookie Statement Security Policies Modern slavery statement

Important information This disclaimer applies to any documents and the verbal or written comments of any person in presentations or webinars on this website and taken together is referred to herein as the “Information”. The services to which the Information relate are NOT FOR RETAIL CLIENTS - The information contained in the Website is solely intended for professional investors, defined as investors which (1) qualify as professional clients within the meaning of the Markets in Financial Instruments Directive (MiFID), (2) have requested to be treated as professional clients within the meaning of the MiFID or (3) are authorized to receive such information under any other applicable laws and must not be relied or acted upon by any other persons. This Information does not constitute an offer to sell, or a solicitation of an offer to buy, any financial product, and may not be relied upon in connection with the purchase or sale of any financial product. You are cautioned against using this Information as the basis for making a decision to purchase any financial product. To the extent that you rely on the Information in connection with any investment decision, you do so at your own risk. The Information does not purport to be complete on any topic addressed. The Information may contain data or analysis prepared by third parties and no representation or warranty about the accuracy of such data or analysis is provided.

In all cases where historical performance is presented, please note that past performance is not a reliable indicator of future results and should not be relied upon as the basis for making an investment decision. Investors may not get back the amount originally invested. Neither Robeco Institutional Asset Management B.V. nor any of its affiliates guarantees the performance or the future returns of any investments. If the currency in which the past performance is displayed differs from the currency of the country in which you reside, then you should be aware that due to exchange rate fluctuations the performance shown may increase or decrease if converted into your local currency. Robeco Institutional Asset Management B.V. (“Robeco”) expressly prohibits any redistribution of the Information without the prior written consent of Robeco. The Information is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use is contrary to law, rule or regulation. Certain information contained in the Information includes calculations or figures that have been prepared internally and have not been audited or verified by a third party. Use of different methods for preparing, calculating or presenting information may lead to different results. Robeco Institutional Asset Management B.V. is authorised as a manager of UCITS and AIFs by the Netherlands Authority for the Financial Markets and subject to limited regulation in the UK by the Financial Conduct Authority. Details about the extent of our regulation by the Financial Conduct Authority are available from us on request.