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Robeco Global Growth Trends Equities F EUR

Reference index: MSCI All Country World Index (Net Return, EUR)
ISIN: LU0974293085
  • Invests in the structural trends worldwide (e.g. "the digital world" and the Industrial Renaissance)
  • Top-down theme selection and bottom-up stock selection using proprietary valuation models
  • Risk limitation through global diversification
Assets class
Current price ()
Performance YTD ()
Currency EUR
Total size of fund ()
Dividend payingNo

About this fund

Robeco Global Growth Trends Equities invests in stocks in developed and emerging countries across the world. The selection of these stocks is based on fundamental analysis. The fund focuses on growth by primarily making allocations to promising long term growth trends and invests in four different and independent top down trends: Digital World, Emerging Middle Class, Industrial Renaissance and Getting Old & Staying Healthy. Within the identified growth trends, the fund invests dominantly into stocks of companies that have as pure as possible exposure to the trends.

Performance

No performance data available

Performance

Robeco Global Growth Trends Equities F EUR

Performance

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Statistics

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Market development

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Despite tariffs and protectionist policies continuing to weigh on sentiment, August was another great month for US equities, with the S&P and Nasdaq hitting new all-time highs. This was in stark contrast to European markets, which posted negative returns for the month. News flows centered mostly around emerging markets, where stocks and currencies fell amid global trade tensions and worries over contagion risks from Turkey and Argentina. US-China trade talks resumed in August but quickly deteriorated as Trump appeared set to move ahead with the proposed additional USD 200 bn of tariffs. The Chinese A-share market dropped another 6% for the month and is now down 21% YTD. Among developed markets, Italy was the worst performer, down 8% on concerns about the credibility of the government’s spending plans.

Fund Classification

DescriptionYesNoN/A 
Voting
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ESG integration
Exclusion
DescriptionYesNoN/A 
Screening
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Sustainability Themed Fund

Fund allocation

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Name Sector Weight
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Currency policy

The fund can engage in currency hedging transactions.

Dividend policy

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

ESG Integration policy

With respect to sustainable investing, Robeco Global Growth Trends Equities Fund has integrated ESG factors into its investment process along two lines. Top-down, for instance, in the trend Industrial Renaissance we only invest in renewable energy as we believe this type of generation will gradually push-back fossil fuels. Bottom-up, we check whether ESG-factors pose a risk to the expected returns for individual holdings. This is done within the fundamental analysis with the use of data from RobecoSAM and Sustainalytics and with a particular focus on governance issues.

Investment policy

Robeco Global Growth Trends Equities' investment style focuses on growth by primarily making allocations to promising trends. Rolinco invests in minimum three and maximum four different and independent top-down growth trends. The fund then invests directly into stocks of companies that have as pure as possible exposure to one of these trends. The selection of the trends is the first and most important step in the investment process, as they define the investment universe from which stocks are selected. Current trends that Robeco Global Growth Trends Equities has selected are Digitalization', 'The emerging middle-class', 'The Industrial Renaissance' and 'Getting old and staying healthy'. Robeco Global Growth Trends Equities can anticipate currency developments through active currency management. Risk management is fully integrated in the investment process to ensure that positions meet predefined guidelines. The fund can hold a limited cash position. This Sub-fund may invest in China A-shares via the QFII and/or a Stock Connect Programme which may entail additional clearing and settlement, regulatory, operational and counterparty risks.

Risk policy

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

Expectation of fund manager

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The world economy had entered 2018 in a cyclical upswing, with robust and coordinated growth, and central banks had started to increase interest rates and unwind quantitative easing measures. This growth, however, is looking a little less robust and definitely a lot less coordinated due to Trump’s trade tactics. The operating environment for companies is likely to become more difficult in 18H2 as a result. Given the persistently low inflation, we prefer selected proven and sustainable earnings growth to value. We try to find these growth companies by looking at long-term trends from a top-down perspective. We are in a new era in which, thanks to digitization and new technologies, labor productivity will increase sustainably. Stocks that provide the tools and technology for this will grow revenues and cash flows much faster than anyone expects. A combination of cheap cyclical growth stocks and underestimated structural growth stocks should lead to substantial investment performance in the long run.

Henk Grootveld & Marco van Lent
Henk Grootveld & Marco van Lent

Henk Grootveld & Marco van Lent

Henk Grootveld, Executive Vice President, is head of the Trends Investing Equity team. He is manager of Robeco Global Growth Trends since November 2013 and manager of Rolinco since 2009. Henk Grootveld joined Robeco in 2001 and has been head of the Financials team, head of the European team, head of the Consumer Staples team and a member of the North American Equities team. Prior to joining Robeco, Mr. Grootveld was employed by Aegon Asset Management as a portfolio manager European Equities and at ING Barings as an equity strategist. Henk holds a Master's degree in Operation Research/ Econometrics From Erasmus University in Rotterdam. Marco van Lent is a member of the Robeco Trends Investing Equity team since December 2010 and since November 2013 portfolio manager of Robeco Global Growth Trends/ Rolinco. Before that he was portfolio manager of Robeco Infrastructure Equities. He joined Robeco in October 2007 to co-manage two European equity funds. He started his investment career in 1985 as a sell-side analyst/strategist. In 1996, he became a portfolio manager at Van Spaendonck Asset Management. This was followed by a position as senior portfolio manager European equities at Philips Investment Management in 1999. Using the high-conviction investment strategy which he had co-developed at Philips Investment Management, he moved on to Van Lanschot Asset Management to manage the Van Lanschot European Equity Fund. After the acquisition of Kempen Capital Management by Van Lanschot, he worked at Kempen Capital Management for 6 months to manage European equity mandates. Marco holds a Master' s degree in Business Economics and Finance from Tilburg University.

Details

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Management companyRobeco Luxembourg S.A.
Fund capital
Outstanding shares
ISINLU0974293085
BloombergRGGTRFE LX
Valoren22408495
WKN
AvailabilityBE, LU, NL, CH, GB
1st quotation date1384473600000
Close financial year31-12
Legal statusInvestment company with variable capital incorporated under Luxembourg law (SICAV)
Morningstar
Reference index

Cost of this fund

Ongoing charges

This fund deducts ongoing charges of
These charges comprise
Management fee
Service fee

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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