Effective October 29th 2020, selected RobecoSAM equity funds were merged onto the RCGF SICAV platform and received new inception dates, share classes, and ISIN codes.
More informationFund | Index | |
---|---|---|
1 month | ||
3 months | ||
YTD | ||
1 year | ||
2 years | ||
3 years | ||
5 years | ||
10 years | ||
{{'fund.detail.performance.period.sinceInception' | labelize:[ fundDate(fund.fundPerformances.sinceStart.startDate,'MM-YYYY') ]}} |
Fund | Reference index | |
---|---|---|
3 years | 5 years | ||
---|---|---|---|
Tracking error ex-post (%) |
|
||
Information ratio | |||
Sharpe ratio | |||
Alpha (%) | |||
Beta |
|
||
Standard deviation |
|
||
Max. monthly gain (%) |
|
||
Max. monthly loss (%) |
|
3 years | 5 years | ||
---|---|---|---|
Months outperformance | |||
Hit ratio (%) | |||
Months Bull market | |||
Months outperformance Bull | |||
Hit ratio Bull (%) | |||
Months Bear market | |||
Months outperformance Bear | |||
Hit ratio Bear (%) |
Fund | Reference index | ||
---|---|---|---|
Rating | |||
Option Adjusted Modified Duration (years) | |||
Maturity (years) | |||
Yield to Worst (%) | |||
Green Bonds (%) |
The equities market initially gained strongly on the potential reopening of economies and the likelihood of larger fiscal stimulus, but later reversed gains as the 10-year rates spiked about 40 bps, exceeding 1.5% at one point. Half a year ago, the rate was still at a record low of around 0.5%. The remarkable surge in yields, inflation concerns and pulled-forward expectations for rate hikes being potential risks for equities sent jitters through the equities market. The US ISM Index and manufacturing PMI rose with new orders and improved production. Sectors which are positively sensitive to rising bond yields outperformed (energy, financials, materials), while sectors with negative sensitivity underperformed (healthcare, consumer staples, utilities). Value and small cap styles outperformed, while quality and growth underperformed. In terms of economic participation, it will take 257 years to close the gender gap, compared to 202 years previously; sobering news and an opportunity to accelerate the change.
Name | Sector | Weight |
---|---|---|
Yes | No | N/A | ||
---|---|---|---|---|
Voting | ||||
Engagement | ||||
ESG integration | ||||
Exclusion |
Yes | No | N/A | ||
---|---|---|---|---|
Screening | ||||
Integration | ||||
Sustainability Themed Fund |
The fund is allowed to pursue an active currency policy to generate extra returns and can engage in currency hedging transactions.
In principle the fund does not intend to distribute dividend and so both the income earned by the fund and its overall performance are reflected in its share price.
RobecoSAM Gender Equality Impact Equities invest in companies that are leading with regard to the promotion of gender equality. It employs systematic, bottom-up stock selection that combines proprietary Environmental, Social & Governance (ESG) data and research throughout the investment process. ESG criteria for exclusions and fund-specific suitability are applied during universe construction. An in-house Sustainability Investing (SI) research team integrates financially-material sector and company-specific sustainability analysis into investment cases. A dedicated thematic equity team incorporate SI research within fundamental analysis and stock valuations. Impact assessments of controversial incidences affecting portfolio holdings provide additional risk management. An active ownership and engagement team interacts directly with company management of fund holdings, offering additional channels for sustainable impact.
RobecoSAM Global Gender Equality Impact Equities Strategy is an actively managed fund that invests globally in companies that are leaders in promoting gender diversity and equality. The selection of these stocks is based on fundamental analysis. The fund's objective is to achieve a better return than the index. The fund has sustainable investment as its objective within the meaning of Article 9 of the European Sustainable Finance Disclosure Regulation. The fund aims to create a positive societal impact by investing in companies that exhibit a high degree of gender equality and that actively promote gender equality. The fund integrates ESG (i.e. Environmental, Social and corporate Governance) in the investment process, applies an exclusion list basis controversial behavior, products (including controversial weapons, tobacco, palm oil and fossil fuel) while avoiding investment in thermal coal, weapons, military contracting and companies that severely violate labor conditions, next to voting and engaging.The strategy integrates sustainability criteria as part of the stock selection process and through a theme specific sustainability assessment. The portfolio is built on the basis of the eligible investment universe that includes companies with superior Gender Scores. The internally developed Gender Score comprises various criteria, such as board diversity, equal renumeration, talent management or employee well-being. Companies that exhibit an inferior overall ESG assessment are exluced from the investent universe.The majority of stocks selected will be components of the Benchmark, but stocks outside the Benchmark may be selected too. The investment policy is not constrained by a benchmark but the fund may use a benchmark for comparison purposes. 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 sustainable objective of the fund.
Risk management is fully integrated into the investment process to ensure that positions always meet predefined guidelines.
ESG score target | Exclusion based on negative screening |
---|---|
↑20% | ≥20% |
The portfolio ESG score (and E,S and G score) is calculated by multiplying the RobecoSAM Smart ESG Score of each holding by its respective portfolio or index weight. The same methodology is applied in calculating the key ESG Criterion scores. The scores of the portfolio are provided alongside the scores of the index, highlighting the portfolio’s relative sustainability. The colors indicate the score of the portfolio, whilst theshading shows the index.
The RobecoSAM footprint ownership of the portfolio expresses the total resource consumption the portfolio finances. Each company's footprint is calculated by normalizing resources consumed by the company's enterprise value. Multiplying these values by the dollar amount invested in each company yields the aggregate footprint ownership figures. The selected index's footprint (for an equivalent $ amount invested in corporates) is provided alongside. The portfolios score is shown in blue and the index in grey.
RobecoSAM Gender Equality Impact Equities invest in companies that are leading with regard to the promotion of gender equality. It employs systematic, bottom-up stock selection that combines proprietary Environmental, Social & Governance (ESG) data and research throughout the investment process. ESG criteria for exclusions and fund-specific suitability are applied during universe construction. An in-house Sustainability Investing (SI) research team integrates financially-material sector and company-specific sustainability analysis into investment cases. A dedicated thematic equity team incorporate SI research within fundamental analysis and stock valuations. Impact assessments of controversial incidences affecting portfolio holdings provide additional risk management. An active ownership and engagement team interacts directly with company management of fund holdings, offering additional channels for sustainable impact.
Leading indicators such as the Purchasing Manager Index recently confirmed that the US economy is recovering faster than previously expected. While the consensus view expects GDP to grow around 5% in 2021, economists have started upgrading their estimations towards 7% or even 8%. The USA is following Asia on the way to regaining pre-crisis levels. Only in Europe is recovery progressing slowly as a result of stricter Covid regulations and a slower rollout of vaccination programs. We expect the "reflation" trade to still continue for a while. Setbacks in the broader market will likely continue to attract buy-the-dip buyers. Higher real yields with gradually rising inflation expectations driven by economic recovery is typically positive for the equities market. The market's tapering fears look premature, given the Fed's tolerance for inflation, and we expect the Fed to be more prudent in their communications. We remain focused on sustainable high-quality companies that exhibit a high degree of gender equality and make use of current market conditions to further solidify positions in companies with appealing mid-term to long-term perspectives.
Junwei Hafner-Cai is the Portfolio Manager for the Global Gender Equality Impact Equities strategy and deputy Portfolio Manager for the Global SDG Equities strategy. Prior, Junwei was also a Senior Analyst covering thematic research within Robeco’s Thematic Equities Team. Prior to joining Robeco, Junwei was a Junior Portfolio Manager at EFG International. Previously, she was an Assistant Relationship Manager within the International Wealth Management Desk at Credit Suisse. She began her investment career as an Assistant Fixed Income Portfolio Manager at Wegelin & Co., Private Bankers. Junwei holds a Bachelor’s degree in Business, major in Banking & Finance from Nanyang Technological University (Singapore) and is a Certified International Investment Analyst (CIIA). She joined Robeco in 2010.
Management company | |
Fund capital | |
Size of share class | |
Outstanding shares | |
ISIN | LU2145460270 |
Bloomberg | RSGGIZE LX |
Valoren | 55666674 |
WKN | A2QD2K |
Availability | |
1st quotation date | 1603929600000 |
Close financial year | 31-12 |
Legal status | |
Tracking error limit (%) | |
Morningstar |
|
Reference index |
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 |
max entry fee | ||
Max exit fee | ||
Max sub fee | ||
Max switch fee |
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.
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.
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).
The funds shown on this website may not be available in your country. Please select your country website (top right corner) to view the products that are available in your country.
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.
By clicking Proceed I confirm that I am a professional investor and that I have read, understood and accept the terms of use for this website.