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Robeco Multi Asset Growth G EUR

Index: 75% MSCI All Country World Index (EUR) + 25% Bloomberg Barclays Global Aggregate (hedged to EUR)
ISIN: LU1387748996
  • Worldwide investments in multiple asset classes
  • Focus on capital growth maximization
  • Flexibility to seek the best risk-return opportunities
Asset class
Current price ()
Performance YTD ()
Currency EUR
Total size of fund ()
Dividend payingYes

About this fund

Robeco Multi Asset Growth is an actively managed global multi asset fund. The fund's objective is to achieve a better return than the index. The fund has a relatively high risk profile and uses asset allocation strategies mainly investing directly in equities and taking exposure to other asset classes such as bonds, deposits and money market instruments. The asset allocation strategy is subject to investments and volatility restrictions. The portfolio management team can also use other investment instruments to enhance the riskreturn profile of the fund.

Price development

No performance data available

Price development

Robeco Multi Asset Growth G EUR

Performance

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Fund Index
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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.

Performance explanation

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Based on transaction prices, the fund's return was 3.50%. March was a good month for Multi Asset Growth. The fund delivered a positive return of more than 300 basis points. The fund benefited from the rising equity markets. During the month, the exposure to emerging market equities and government bonds was cut. The rise in the US dollar is weighing disproportionally on emerging market assets. In developed market equities, we lowered our exposure to the US further in favor of Japanese and European equities. We expect the latter regions to outperform the US, as they are more geared towards value stocks. No changes were made to our exposure to commodities. Overall, fixed income was a drag on performance, while our allocation to commodities contributed marginally. Our preference for value stocks added substantially to performance. The best-performing strategy in the portfolio was Robeco BP Global Premium Equities.

Statistics

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Above mentioned ratios are based on gross of fees returns
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Above mentioned ratios are based on gross of fees returns
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Dividend paying history

Date Amount
Download dividend history

Market development

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In March, the global economy continued to expand. The manufacturing sector even gained momentum from already elevated activity levels. As a result, global trade is recovering fast and is already just below its long-run upward trend. While the service sector continues to expand, from a global perspective, regional differences are becoming more notable. The Anglo-Saxon economies are leading in the vaccination rollout and subsequent reopening of their economies. The restart of the global economy is putting a strain on the global supply chain. This is starting to be reflected in higher prices as a consequence of logistical delays, shipping dislocations and increased skill mismatches in the labor markets. The improving economic backdrop continues to be the main driver of the financial markets. In March, however, the performance of risky asset was less synchronized. While the equity markets continued to do well, it was a more difficult month for commodities. We think the strengthening dollar negatively impacted this asset class. The fixed income markets remained under pressure.

Fund allocation

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Name Sector Weight
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Fund Classification

YesNoN/A 
Voting
Engagement
ESG integration
Exclusion
YesNoN/A 
Screening
Integration
Sustainability Themed Fund

Dividend policy

This share class of the fund will distribute dividend.

ESG Integration policy

Robeco Multi Asset Growth primarily invests in Robeco funds. Robeco strives to incorporate ESG issues in investment decisions. For the majority of the investments ESG integration occurs indirectly. The ambition is to have ESG integration for the full composition of the portfolio. Sustainability can be a decisive factor in the fund-selection process. Capabilities from other asset managers can be selected. Such funds are currently out of the scope of the sustainability screening.

Investment policy

Robeco Multi Asset Growth is an actively managed global multi asset fund. The fund's objective is to achieve a better return than the index. The fund promotes ESG (i.e. Environmental, Social and corporate Governance) characteristics within the meaning of Article 8 of the European Sustainable Finance Disclosure Regulation and integrates ESG and sustainability risks in the investment process. In addition, the fund applies an exclusion list on the basis of controversial behavior, products (including controversial weapons, tobacco, palm oil and fossil fuel) and countries. The fund has a relatively high risk profile and uses asset allocation strategies mainly investing directly in equities and taking exposure to other asset classes such as bonds, deposits and money market instruments. The asset allocation strategy is subject to investments and volatility restrictions. The portfolio management team can also use other investment instruments to enhance the riskreturn profile of the fund. The majority of investment instruments selected through this approach will be components of the Benchmark, but investment instruments outside the Benchmark index may be selected too. The fund can deviate substantially from the weightings of the Benchmark. The investment policy is not constrained by a benchmark but the fund may use a benchmark for comparison purposes. The fund can take a substantial active risk. The fund can deviate substantially from the issuer, country and sector weightings of the Benchmark. There are no restrictions on the deviation from the Benchmark. The Benchmark is a broad market weighted index that is not consistent with the ESG characteristics promoted by the fund.

Risk policy

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

Sustainability profile

Full ESG Integration

Engagement

ESG integration policy

Robeco Multi Asset Growth primarily invests in Robeco funds. Robeco strives to incorporate ESG issues in investment decisions. For the majority of the investments ESG integration occurs indirectly. The ambition is to have ESG integration for the full composition of the portfolio. Sustainability can be a decisive factor in the fund-selection process. Capabilities from other asset managers can be selected. Such funds are currently out of the scope of the sustainability screening.

Expectation of fund manager

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In our view, the current growth and policy mix leaves room for the reflation theme to run somewhat longer. We think the global sell-off in rates will continue, as upside growth risks have not fully been discounted and inflation expectations have not peaked yet. The rotation from interest rate-sensitive assets towards cheap real assets and value plays could therefore continue. While equity risk premiums are still attractive, we do not have the urge to chase the equity markets at these levels. This is because sentiment levels are stretched. We prefer not to be outright long in equities, but do favor certain regions to others within the equity market. We think the equity exposure should be tilted towards Japanese and European equities at the expense of US equities. This is because the former have higher exposure to value stocks. The appreciating dollar and worsening GDP growth differentials of EM versus developed economies make us less enthusiastic about EM exposure.

Jeroen Blokland, Ernesto Sanichar
Jeroen Blokland, Ernesto Sanichar

Jeroen Blokland, Ernesto Sanichar

Mr. Jeroen Blokland is Portfolio Manager with Robeco within the Robeco Global Allocation team. Jeroen is portfolio manager of the Robeco Pension Return Portfolio since the launch in March 2012. Prior to joining the Robeco Global Allocation team, he was employed by IRIS, the independent Institute for Research and Investment Services of Robeco and Rabobank, as an Investment strategist since 2005. He started his career at Interpolis in 2002, where he held a position as asset manager and investment strategist. Jeroen holds a Master's degree in Economics from Erasmus University, Rotterdam. Ernesto Sanichar is Portfolio Manager with a focus on pension fund mandates. His asset specialties are fixed income and FX. He has been part of Robeco's Investment Solutions department since 2005. Previously, he was Treasury Manager for four years. Prior to joining Robeco in 2001, Ernesto worked at ING Barings as a Product controller at the cash equities and derivatives desk for three years. Ernesto started his career in the investment industry in 1998. He holds a Master's in Financial Economics from Erasmus University Rotterdam.

Details

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Management company
Fund capital
Size of share class
Outstanding shares
ISINLU1387748996
BloombergRMAGRGE LX
Valoren32029430
WKNA2PQDV
Availability
1st quotation date1473379200000
Close financial year31-12
Legal status
Tracking error limit (%)
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
Max exit fee
Max sub fee
Max switch fee

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.

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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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