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Robeco Global Industrial Innovation Equities I USD

Reference index: MSCI All Country World Index (Net Return, USD)
ISIN: LU1629880771
  • 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 I 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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Following strong gains in January and February, equities rose again in March, albeit at a slower pace. The MSCI AC World index on balance rose 2.7% for the month in EUR and is up 14.2% year-to-date, reaching a new all-time high at the close of the month. The market put aside worries over Brexit and global trade, the inverted US yield curve, the weak global manufacturing PMIs and continued depressed demand from semis, smartphones and auto customers. It was striking that the IT sector was the best sector of the month, despite for instance Infineon pouring cold water over the semiconductor stocks with its warning. The industrials sector on the contrary did react to the continuing growth slowdown and produced a flat performance, although many Japanese factory-automation and machinery names ignored the flat performance of global industrials and put in very nice returns.

Fund allocation

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Name Sector Weight
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Fund Classification

YesNoN/A 
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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 embracing Industry 4.0, in which the combination of connectivity and digitization will lead to profound changes in manufacturing. New developments in robots and automation techniques will enable more intelligent manufacturing and 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 this secular trend. On the contrary, the America First strategy might actually lead to more robots and automation in the US. Worldwide companies have started to talk about regionalizing global supply chains, which could lead to more local and flexible production. Also the Made in China 2025 target is a strong incentive for upgrading the industrial complex in China to industry 4.0 standards.

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
Size of share class
Outstanding shares
ISINLU1629880771
BloombergROGIIIU LX
Valoren37082831
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

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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 0.01% 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

Investors who are not subject to (exempt from) Dutch corporate-income tax (e.g. pension funds) are not taxed on the achieved result. Investors who are subject to Dutch corporate-income tax can be taxed for the result achieved on their investment in the fund. Dutch bodies that are subject to corporate-income tax are obligated to declare interest and dividend income, as well as capital gains in their tax return. Investors residing outside the Netherlands are subject to their respective national tax regime applying to foreign investment funds. We advise individual 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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