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Robeco Multi Asset Income E EUR

ISIN: LU1387747915
  • Worldwide investments in multiple asset classes
  • Focus on investments with attractive and stable sources of income
  • Flexibility to seek the best risk-return opportunities
Assets class
Current price ()
Performance YTD ()
Currency EUR
Total size of fund ()
Dividend payingYes

About this fund

Robeco Multi Asset Income is an actively managed global multi-asset fund with a focus on generating stable returns. The fund has a relatively low risk profile and mainly invests in equity and bond funds of Robeco and RobecoSAM. The portfolio management team can also use other investment instruments to enhance the risk/return profile of the fund.

Price development

No performance data available

Price development

Robeco Multi Asset Income E EUR

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.

Performance explanation

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Based on transaction prices, the fund's return was 1.04%. The performances of the Robeco Multi Asset portfolios were positive last month due to the positive sentiment on both the equity and credits markets. We started the month with a strong overweight position in equities. This position contributed positively to the overall performance of all portfolios. During the month we lowered this overweight position a bit and reduced both developed and emerging markets equities. This turned out to be a good decision. The equity funds we have invested in also generated relatively strong performances, which also contributed positively to the result. We have increased the weight of government bonds to a neutral position. As this coincided with a decline in bond yields (which is positive for bonds), this also contributed positively to the performance.

Statistics

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Dividend paying history

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Download dividend history

Market development

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Compared to the meltdown of the equity markets in the fourth quarter of 2018 and the sharp reversal that followed in January, February was slightly uneventful. Global developed equities returned 3.3% in local currencies. The top performer however was commodities. Oil prices rose again, with Brent up 9.2%. There was not much breaking news in February, no major announcements from central banks and we experienced a relatively quiet earnings season without any fireworks. The main themes also remained the same: Brexit and the US-China trade war. The news flow on the latter has improved lately. This is good news for Europe and Germany in particular, which narrowly escaped entering a recession with GDP growth in the fourth quarter barely staying above 0%. Government bond yields in both Europe and the US remained within a narrow range. Investors once again turned to higher-yielding bond categories. Both credit and high yield spreads tightened further.

Fund allocation

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Fund Classification

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Screening
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Sustainability Themed Fund

Currency policy

Except for the active currency positions, currency risks are partly hedged to the base currency of the fund (EUR).

Dividend policy

This share class of the fund will distribute dividend.

ESG Integration policy

Robeco Multi Asset Income 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 Income is an actively managed global multi-asset fund with a focus on generating stable returns. The fund has a relatively low risk profile and mainly invests in equity and bond funds of Robeco and RobecoSAM. The portfolio management team can also use other investment instruments to enhance the risk/return profile of the fund. The fund is managed by an experienced team of specialists in multi-asset investing with a proven track record of more than 20 years. The investment strategy also relies on the sustainability research of RobecoSAM. RobecoSAM is an investment specialist focused exclusively on Sustainability Investing with more than 20 years of experience in sustainability, thematic and impact investing.

Risk policy

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

Expectation of fund manager

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We reduced the exposure to equities in our portfolios. We decreased the overweight position in both developed and emerging markets equities. We expect equity markets to drift higher, but at slower pace than in the first weeks of 2019 and with more volatility. A lower overweight position in equities better fits this type of market. We allocated the proceeds to government bonds and cash, and now have neutral weights for both. We are cautious regarding other bond categories: credits and high yield therefore have a lower-than-average weight in our portfolios.

Ruud van Suijdam, Jeroen Blokland
Ruud van Suijdam, Jeroen Blokland

Ruud van Suijdam, Jeroen Blokland

Mr. Ruud van Suijdam is Portfolio Manager Global Allocations at Robeco since June 2011. From October 2007 to June 2011, Ruud worked for Rabobank Nederland as an Analyst/ Product manager for Investment funds. Previous affiliations include a position as Investment Analyst at IRIS and a position as Investment Advisor at Rabobank. Ruud holds a Master's degree in Financial Economics from the University of Groningen. 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.

Details

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Management company
Fund capital
Size of share class
Outstanding shares
ISINLU1387747915
BloombergRMAINEE LX
Valoren32029409
WKNA2AQ7J
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
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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 0.05% 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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