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Robeco Global FinTech Equities FH CHF

Reference index: MSCI All Country World Index (Net Return, Hedged into CHF)
ISIN: LU1857098252
  • 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
Assets class
Current price ()
Performance YTD ()
Currency CHF
Total size of fund ()
Dividend payingNo

About this fund

Robeco Global FinTech Equities invests in stocks in developed and emerging countries across 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.

Price development

No performance data available

Price development

Robeco Global FinTech Equities FH CHF

Performance

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

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Market development

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The month of October was a very volatile month, intensifying the September market sell-off. Fintech outperformed the technology sector in October, which proves that not all technology is treated equally. The fund underperformed the financial sector due to the strong performance of US banks, which we do not own in fintech. But if one would weigh the financial sector and the information technology sector at 40% - 60% (roughly in line with the fund), the performance would be more in line. Measured versus the index, the overall portfolio impact of our mix between technology and financials was negative both in an absolute and a relative sense. However, we feel very confident that the underlying drivers are still intact. Half of our portfolio reported earnings in October, showing continuous revenue and earnings growth of 9.5 and 21 percent respectively, which is an acceleration in earnings growth year-over-year. Many companies re-iterated their full-year guidance. In conclusion, the numbers show that there is no reason to doubt underlying drivers yet, but prices have come down substantially, which implies more attractive valuations for the same growth dynamics.

Fund allocation

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Fund Classification

YesNoN/A 
Voting
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ESG integration
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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

For Robeco Global FinTech Equities, we combine fundamental analysis with proprietary Robeco quantitative models and sustainability data from RobecoSAM and Sustainalytics, with a particular focus on governance issues.

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

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M&A in payments continues, as scale is still the name of the game in payments. And that mantra is global. Interest rates are generally expected to increase in 2018. It is not a question of if, but a question of when, and how fast. FinTech provides a natural hedge in the interest rate discussion. If interest rates are rising and volatility returns to the equity markets, our investments in exchanges and ETF market makers, for example, work as a natural hedge. One of our core beliefs is that Asia (especially China, Singapore and India) will become the FinTech center of the world in terms of latest technologies and highest adoption levels. We expect to increase our position in Asian FinTech companies in 2018 and beyond.

Patrick Lemmens, Jeroen van Oerle
Patrick Lemmens, Jeroen van Oerle

Patrick Lemmens, Jeroen van Oerle

Mr. Patrick Lemmens is a Senior Portfolio Manager. He is the Lead Portfolio Manager of Robeco New World Financials Equities fund. He has been responsible for this fund since October 2008. Prior to joining Robeco in 2008, Patrick 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. He managed the ABN AMRO Financials Fund between October 2003 and December 2007. Patrick started his career in the investment industry in 1993. He holds a Master's degree in Business Economics from the Erasmus University Rotterdam and is a CEFA holder since 1995. He is registered with the Dutch Securities Institute. Jeroen van Oerle is Portfolio Manager Fintech Equities in the Trends Investing team at Robeco. Previously, he was a Trend Analyst, researching investment related trends in the financial sector. Jeroen has been active in the industry since 2013, the year he joined Robeco. He holds a Master’s degree in Financial Economics from Erasmus University Rotterdam and is a CFA charter holder.

Details

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Management company
Fund capital
Outstanding shares
ISINLU1857098252
BloombergRGFEFHC LX
Valoren42784489
WKN
Availability
1st quotation date1533168000000
Close financial year31-12
Legal status
Tracking error limit (%)
Reference index

Cost of this fund

Ongoing charges

This fund deducts ongoing charges of
These charges comprise
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Transaction costs

The expected transaction costs are

Performance fee

This fund may also deduct a performance fee of

Extra fees

max entry fee
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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.

Disclaimer

The information contained in the website is solely intended for professional investors. Some funds shown on this website fall outside the scope of the Dutch Act on the Financial Supervision (Wet op het financieel toezicht) and therefore do not (need to) have a license from the Authority for the Financial Markets (AFM).

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Neither information nor any opinion expressed on the website constitutes a solicitation, an offer or a recommendation to buy, sell or dispose of any investment, to engage in any other transaction or to provide any investment advice or service. An investment in a Robeco product should only be made after reading the related legal documents such as management regulations, prospectuses, annual and semi-annual reports, which can be all be obtained free of charge at this website and at the Robeco offices in each country where Robeco has a presence.

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