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Robeco QI GTAA Plus IH USD

Reference index: EONIA (USD) overnight
ISIN: LU1443139412
  • Investments in multiple asset classes
  • Absolute return strategy
  • Transparent investment proces
Assets class
Current price ()
Performance YTD ()
Currency USD
Total size of fund ()
Dividend payingNo

About this fund

Robeco QI GTAA Plus is a systematic, absolute return fund, which exploits opportunities within and between asset classes. The fund aims to provide attractive returns in any market condition. Based on proven quantitative models, the fund takes both long and short positions in global equity, bond, and currency markets. This fund uses mainly derivatives to implement its investment policy and is intended for individuals who are familiar with complex products.

Performance

No performance data available

Performance

Robeco QI GTAA Plus IH USD

Performance

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Statistics

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Subject 3 years 5 years
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Market development

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August was a tough month for GTAA as the strategy took hits from the strong market movements in the US, due to robust net job creation and better than expected economic growth expectations for the third quarter. This drove equity markets up and rates down, hurting our short positions in both asset classes. In Australia, the local currency was driven down by the domestic leadership crisis, resulting in positive returns from our Australian dollar short position, offset however by our short position in the strong US dollar due to President Trump’s trade war rhetoric.

Fund Classification

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

Fund allocation

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Name Sector Weight
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Currency policy

Except for the active currency positions, currency risks are hedged to the base currency of the fund (EUR). This share class uses an additional NAV currency hedge to minimize the effects of currency fluctuations between base currency of the fund (EUR) and currency of the share class (USD).

Dividend policy

This share class of the fund does not distribute dividend.

ESG Integration policy

For Robeco GTAA Fund, in terms of Sustainability Investing, the investment universe and the type of investments are such that it is not feasible to implement the ESG factors into the investment processes.

Investment policy

Robeco QI GTAA Plus is an absolute return fund with investments in multiple asset classes and regions. The fund aims to provide positive returns in all market conditions, with low correlation to traditional assets. The GTAA strategy focuses on tactical asset allocation by taking directional views within and between asset classes. Based on proven quantitative models, the strategy takes both long and short positions in global equity, bond, and currency markets. The reliance on creating positive returns in all market conditions means risk management is crucial. Positions are carefully balanced to avoid concentration of risk in one particular source of return at any point in time. The fund uses liquid investment instruments, mostly derivatives, and offers daily liquidity. The investment process is fully transparent. The GTAA strategy leverages on an experienced team of investment and research professionals, backed by an organization with over 25 years of experience in multi-asset asset and quantitative investing.

Risk policy

Risk management is fully embedded in the investment process to ensure that the fund's positions remain within set limits at all times.

Expectation of fund manager

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Equity exposure was brought back to a short position at the start of the new month (September) and we maintained our short position in US bonds because of the negative scores in valuation and monetary policy. We have positive bond exposure in Europe and Japan. We are short in the Australian dollar versus the US dollar, because of its negative momentum, as well as its unattractive valuation compared to the USD/EUR pair.

Shengsheng Zhang, CFA, Klaas Smits
Shengsheng Zhang, CFA, Klaas Smits

Shengsheng Zhang, CFA, Klaas Smits

Ms. Shengsheng Zhang is Portfolio Manager Global Allocations with Robeco since September 2012. Prior to joining Robeco, Shengsheng was employed by Delta Lloyd Asset Management for 6 years where she first held the position of Quantitative Analyst and later of Quantitative Portfolio Manager. She holds a Master's degree in Financial Engineering from the University of Twente and she is CFA charterholder. Mr. Smits is responsible for the management and development of Robeco's Multi Asset Quant capabilities and part of the Investment Solutions team. Prior he was responsible for developing Robeco's FamdA capabilities in both listed and private equity. Before that he worked for Robeco in New York managing the Fixed Income Allocation team. From 2000 to 2007 he was Head of the Robeco's Investment Grade and High Yield team.  Prior to joining Robeco, he worked for Interpolis, as Senior Fixed Income Portfolio Manager.  Mr. Smits began his investment career with Assicurazioni Generali in 1991. Mr. Smits holds a Bachelor's degree from the Institute for Business Administration and Economics, Groningen, the Netherlands.

Details

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Management companyRobeco Luxembourg S.A.
Fund capital
Outstanding shares
ISINLU1443139412
BloombergRGTAIHU LX
Valoren33183359
WKN
AvailabilityLU, CH
1st quotation date1468195200000
Close financial year31-12
Legal statusInvestment company with variable capital incorporated under Luxembourg law (SICAV)
Reference index

Cost of this fund

Ongoing charges

This fund deducts ongoing charges of
These charges comprise
Management fee
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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 0.01% 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 outside Luxembourg are subject to their national tax regime applying to foreign investment funds. We advise individual investors to contact their financial or fiscal adviser regarding their specific fiscal situation.

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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