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Robeco New World Financial Equities FH EUR

Index: MSCI All Country Financials (Net Return) (hedged into EUR)
ISIN: LU1840769779
  • Invests in companies active in the financial industry worldwide (e.g. retail banks, insurance companies and asset managers)
  • 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 New World Financial Equities invests in stocks in developed and emerging countries across the world. The selection of these stocks is based on fundamental analysis. The funds invests in companies in the financial sector and can partly invest in financial oriented companies outside of the formal MSCI Financials. The fund focuses on attractive long term trends such as Digital Finance, Ageing Finance and Emerging Finance. Proprietary valuation models are used to select stocks with good earnings prospects and a reasonable valuation. Companies are individually assessed on the basis of in-depth discussions with corporate management and analysts.

Price development

No performance data available

Price development

Robeco New World Financial Equities FH 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.

Statistics

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Market development

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Last month we witnessed a tremendous amount of volatility, something we already experienced twice before this year. So why does this happen? Is it because more money than ever is locked up in often not so liquid ETFs nowadays? Is it because bond yields are rising, reversing a decades-long declining trend? Is the political noise too deafening and its potential impact on global trade, global relationships and global markets insecure? (The lack of) liquidity plays an important role here. That is why we see this as a buying opportunity in our portfolio holdings rather than a precursor to a recession in the US or a European downturn. Earnings which have been reported so far are actually quite solid and do not justify a sell-off. So, are there no challenges? Yes, there are. Will there be continued moments of volatility? Yes. But we also believe global fundamentals are solid with high levels of employment, great growth opportunities in many places and businesses, and a growing global middle class. And it is especially those opportunities that we are trying to find and invest in with the Robeco New World Financials Fund.

Fund allocation

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Name Sector Weight
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Fund Classification

YesNoN/A 
Voting
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ESG integration
Exclusion
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Sustainability Themed Fund

Currency policy

The fund can engage in currency hedging transactions.

Dividend policy

The fund does not distribute dividend. Any income earned is retained, and so the fund's entire performance is reflected in its share price.

ESG Integration policy

For Robeco New World Financials Equities, we combine fundamental analysis with proprietary Robeco quantitative models and use the sustainability data from RobecoSAM when available for our universe. In our fundamental analysis and company engagement we focus on governance issues. These factors are material as not splitting CEO / Chairman roles, for instance, or not aligning management incentives with shareholder value creation has proven in several cases to entail large risks to shareholder value.

Investment policy

Allocation to trend strategies that are based on long-term growth trends offer possibilities of outperforming the broader market over a 3-5 year investment horizon. This trend fund invests in companies in financial-related industries worldwide that benefit most from the selected long-term trends. Global population growth, urbanization, higher household incomes, technological changes and growth in emerging markets are the main drivers for our trend strategies. The fund manager selects the companies that have as pure as possible exposure to the selected trends and themes. Proprietary valuation models are used to select stocks with good earnings prospects and a reasonable valuation. Companies are individually assessed on the basis of in-depth discussions with corporate management and consultations with internal and external analysts.

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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Interest rates are up from one year ago, both on the short end and on the long end. With good global economic growth, virtually full employment in many economies and healthy inflation levels, financials normally should have thrived. But in fact the financials sector is the worst performing sector year-to-date. Indeed, banks and insurers should be investing significantly more in IT core systems. And with rates at higher levels, there is room for investment. Capital levels are comfortably high while bad loan problems are still very much absent leaving provision requirements relatively low. Of course, there are enough things to worry about if you look at markets from day to day, week to week, month to month. Even when many investors are claiming that they are focused on the longer term. With all the political uncertainty and mostly negative news, we may have forgotten that political news can also be more positive. After October, the prices for entering the markets and our funds have been revised downwards. That is good news for longer-term investors looking to invest.

Patrick Lemmens, Christian Vondenbusch
Patrick Lemmens, Christian Vondenbusch

Patrick Lemmens, Christian Vondenbusch

Mr. Patrick Lemmens is a Senior Portfolio Manager. He is the Lead Portfolio Manager of Robeco New World Financials Equities fund. He has been responsible for this fund since October 2008. Prior to joining Robeco in 2008, Patrick was employed at ABN AMRO Asset Management as a Senior Portfolio Manager for 5 years and 9 years as a Senior Investment Analyst, both in Global Financials. He managed the ABN AMRO Financials Fund between October 2003 and December 2007. Patrick started his career in the investment industry in 1993. He holds a Master's degree in Business Economics from the Erasmus University Rotterdam and is a CEFA holder since 1995. He is registered with the Dutch Securities Institute. Mr. Christian Vondenbusch, CFA, is together with portfolio manager Patrick Lemmens the Portfolio Manager for Robeco New World Financials Equities fund and together with portfolio manager Steef Bergakker he is also responsible for Robeco Hollands Bezit. Previous affiliations include a position as Portfolio Manager within the Financial Equities team, the European Equities team and the Property Equities team. Christian started his career in the investment industry in 1999 at Robeco. He holds a Master's degree in Economics from Maastricht University and he is CFA charter holder.

Details

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Management company
Fund capital
Outstanding shares
ISINLU1840769779
BloombergRNWFFHE LX
Valoren42285640
WKN
Availability
1st quotation date1530144000000
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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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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