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Robeco Global Industrial Innovation Equities D USD

Reference index: MSCI All Country World Index (Net Return, USD)
ISIN: LU1629880425
  • Invests in a number of structural growth trends on the production side of the economy, e.g. robotics, digital manufacturing, energy transition and cybersecurity
  • 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 USD
Total size of fund ()
Dividend payingNo

About this fund

Robeco Global Industrial Innovation Equities invests in stocks in developed and emerging countries across the world. The selection of these stocks is based on fundamental analysis. The fund invests in a number of structural growth trends on the production side of the economy, for example robotics, digital manufacturing, energy transition and cybersecurity. The fund managers aim to select stocks of the structural winners within these trends.

Price development

No performance data available

Price development

Robeco Global Industrial Innovation Equities D USD

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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October saw a sharp sell-off in global equities with a broad-based weakness. Although all sectors traded down, there was a clear switch from cyclicals and technology to more defensive sectors. Many explanations for this sell-off have been swirling around, like a possible peak in the global economy and earnings, a possible overtightening by the Fed, consequences from the ongoing trade disputes coming through in the real world and a European crisis looming over Italy. None of these on their own may have been a good excuse to aggressively sell stocks, but collectively encouraged managers to take risk off the table. We did not see any major panic selling or investor capitulation, not even in the over-owned technology sector, although semis got torched. But there were lots of stories about falling robot shipments, lower new orders in the US ISM survey and a surprise drop in the Japanese Tankan survey, indicating falling large manufacturers’ sentiment, enough to put significant downward pressure on industrials and IT. The MSCI AC World Index on balance fell 5.2% for the month when measured in EUR, marking the worst month for global shares since May 2012.

Fund allocation

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Name Sector Weight
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Fund Classification

YesNoN/A 
Voting
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ESG integration
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Sustainability Themed Fund

Currency policy

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

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 Industrial Innovation 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 Industrial Innovation Equities invests in companies all over the world which benefit from the structural growth trends within the production side of the economy, for example robotics, digital manufacturing, energy transition and cybersecurity. Companies will primarily be selected on their exposure to the selected trends but will then be subjected to a rigorous analysis of the competitive positioning, strength of the management team and historical track record of sales, margins and earnings. Robeco Global Industrial Innovation Equities holds a concentrated portfolio of equities for which the fund manager expects above-average performance in the long term.

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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The world is currently embracing Industry 4.0, in which the integration of cyber-physical systems will lead to profound changes in manufacturing processes. New developments in robots and automation techniques, combined with exponential progress in digitization, will enable more intelligent manufacturing. Thanks to advanced manufacturing systems and self-sensing, intelligent optimization will become possible in every aspect of the manufacturing process. This will shorten the R&D cycle, raise productivity and product quality while reducing costs. Although the US-China trade narrative is negative to many industrial and technology companies, it will not derail the secular trend of digitizing the production process. On the contrary, the America First strategy might actually lead to more robots and automation in the US. Worldwide, companies have already started to talk about changing their global supply chains, which could lead to more local and flexible production.

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 company
Fund capital
Outstanding shares
ISINLU1629880425
BloombergROGIIDU LX
Valoren37082811
WKN
Availability
1st quotation date1497484800000
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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