Robeco Global FinTech Equities FH CHF
- 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
Price development
Performance
{{'fund.detail.general.perDate' | labelize:[ fundDate(fund.fundPerformances.date,'llll') ]}}| Fund | Index | |
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| {{'fund.detail.performance.period.sinceInception' | labelize:[ fundDate(fund.fundPerformances.sinceStart.startDate,'MM-YYYY') ]}} |
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 | |
|---|---|---|
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
{{'fund.detail.general.perDate' | labelize:[ fundDate( (fund.fundStatistics.date?fund.fundStatistics.date:fund.fundCharacteristics.date) ,'llll') ]}}| 3 years | 5 years | ||
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Market development
{{'fund.detail.general.perDate' | labelize:[ fundDate(fund.fundInvestmentExplanations.date,'llll') ]}}We started the year with the fear of a larger Middle East conflict between Iran and the US following the drone attack on Qassem Soleimani of the Islamic Revolutionary Guard Corps. After Iran's muted response, markets renewed their move higher until fears of a global pandemic of the Wuhan virus became more prevalent. At the moment, the Wuhan coronavirus is on everybody's mind and it's likely this will cause an economic slowdown in China and perhaps also globally. That could translate in a reduction in payments made globally, which could materialize in the Q1 numbers for several of our payments investments.
Fund allocation
{{'fund.detail.general.perDate' | labelize:[ fundDate(fund.fundAllocations.date,'llll') ]}}| Name | Sector | Weight |
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Fund Classification
| Yes | No | N/A | ||
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| Voting | ||||
| Engagement | ||||
| ESG integration | ||||
| Exclusion |
| Yes | No | N/A | ||
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| Screening | ||||
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| Sustainability Themed Fund |
Currency policy
All currency risks are hedged.
Dividend policy
The fund does not distribute dividend. The fund retains any income that is earned, and so its entire performance is reflected in the price.
ESG Integration policy
Robeco Global FinTech Equities integrates ESG factors into its investment process by analyzing the impact of financially material ESG factors to a company’s competitive position and value drivers. We believe that this enhances our ability to understand existing and potential (long-term) risks and opportunities of a company. The impact of material ESG factors can be positive or negative, reflecting risks or opportunities, that ensue from a company’s ESG analysis. If ESG risks and opportunities are significant, the ESG analysis could impact a stock’s fair value and the portfolio allocation decision. In addition to ESG integration, Robeco also has an exclusion policy and conducts proxy voting and engagement activities focused on specific themes, such as climate change, aiming to improve a company’s sustainability profile.
Investment policy
Robeco Global FinTech Equities invests in stocks of companies all over the world which benefit from the increasing digitization of the financial sector. The selection of these stocks is based on fundamental analysis. Proprietary valuation models are used to select stocks with good earnings prospects and a reasonable valuation. Companies are individually assessed on the basis of industry trend analysis, in-depth discussions with corporate management, analysts and industry experts. Fintech comprises of several very strong underlying trends, which we believe will drive strong growth in an industry which has changed substantially since the global financial crisis. We believe this is reflected in the following trends: online payments will become mainstream, cash the exception; financial inclusion drives Asia to become the largest fintech hub; software is a key building block for the digitization of the financial sector.
Risk policy
Risk management is fully integrated into the investment process to ensure that positions always meet predefined guidelines.
Expectation of fund manager
{{'fund.detail.general.perDate' | labelize:[ fundDate(fund.fundFacts.date,'llll') ]}}Some very strong secular growth trends are expected to drive the fintech industry in the coming years, ranging from artificial intelligence and big data to core system replacement and a continued shift to electronic forms of payment and trading. Furthermore, what we see is a move away from cash towards plastic payments and simultaneously, even stronger growth in electronic payments. Within electronic payments, mobile payments are the fastest-growing subtheme. Also, M&A in fintech continues, alongside partnerships. Banking as a service (BaaS) is ever more top-of-mind. Finally, one of our key beliefs is that Asia will become the fintech center of the world in terms of latest technologies and highest adoption levels. This is due to its lack of legacy, high penetration rates of smartphones, young population in several emerging markets and governments that view fintech as a way to achieve financial inclusion and a transition mechanism towards a more services-oriented economy.
Patrick Lemmens, Jack Neele
Patrick Lemmens is the Lead Portfolio Manager of Robeco New World Financials Equities and Robeco Global FinTech Equities. He has been responsible for New World Financial Equities since October 2008 and since launch in November 2017 for Global FinTech Equities. Prior to joining Robeco in 2008, Mr. Lemmens was employed at ABN AMRO Asset Management as a Senior Portfolio Manager for 5 years and 9 years as a Senior Investment Analyst, both in Global Financials. Mr. Lemmens managed the ABN AMRO Financials Fund between October 2003 and December 2007. Patrick Lemmens started his career in the investment industry in 1993. Mr. Lemmens holds a Master's degree in Business Economics from Erasmus University Rotterdam and is a CFA holder since 1995. Mr.Jack Neele, Portfolio Manager within the Robeco Trends Investing Equities team since April 2006. Before managing the Robeco Global Consumer Trend Equities fund, Jack was responsible for Robeco IT Equities fund. Prior to joining Robeco in 2006, Jack was employed by Mees Pierson as a portfolio manager active global equity for seven years, also responsible for alternative investments. Jack started his career in the investment industry in 1999. He holds a Master's degree in Econometrics from the Erasmus University Rotterdam and is an EFFAS certified Financial Analyst. Jack is registered with the Dutch Securities Institute.
Details
{{'fund.detail.general.perDate' | labelize:[ fundDate(fund.fundFacts.date,'llll') ]}}| Management company | |
| Fund capital | |
| Size of share class | |
| Outstanding shares | |
| ISIN | LU1857098252 |
| Bloomberg | RGFEFHC LX |
| Valoren | 42784489 |
| WKN | |
| Availability | |
| 1st quotation date | 1533168000000 |
| Close financial year | 31-12 |
| Legal status | |
| Tracking error limit (%) | |
| Reference index |
Cost of this fund
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Transaction costs |
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Performance fee |
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Extra fees
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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.
