RobecoSAM Global Gender Equality Impact Equities Z EUR
- Investing in gender equality creates positive impact—Delivers positive long-term shareholder returns by selecting companies with a strong competitive advantage from recognizing and acting on the strategic importance of improving gender equality.
- Contribution to the UN Sustainable Development Goals —Supports the achievement of the Sustainable Development Goals by investing in companies that exhibit strength in the retention of female talent, equal remuneration and employee well-being.
About this fund
Price development
Performance
{{'fund.detail.general.perDate' | labelize:[ fundDate(fund.fundPerformances.date,'llll') ]}}| Fund | Reference index | |
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| {{'fund.detail.performance.period.sinceInception' | labelize:[ fundDate(fund.fundPerformances.sinceStart.startDate,'MM-YYYY') ]}} |
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 | |
|---|---|---|
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
{{'fund.detail.general.perDate' | labelize:[ fundDate(fund.fundInvestmentExplanations.date,'llll') ]}}Global equities corrected, amid a resurgence in Covid-19 cases with lockdowns announced in France and Germany. Despite a generally better-than-expected reporting season so far, in which the majority of companies reported positive EPS and revenue surprises, the uncertainty surrounding the US election and the next US fiscal stimulus package overshadowed the good results. This kept the market in risk-off mode. The US real GDP increased by 33.1% qoq annualized in Q3. Manufacturing PMI and new orders picked up in October, reflecting a recovery in demand for manufactured goods. China's PMIs also showed a steady rate of expansion as activity accelerated. The ECB has kept its policy stance unchanged for now and has paved the way for further stimulus in December, should the economic backdrop warrant more action. Asia Pacific performed best, while Europe lagged the most. Energy and IT underperformed, while utilities and communication services outperformed. According to the World Economic Forum, it will take another 257 years to close the gender gap in terms of economic participation, compared to 202 years previously. This is sobering news and presents an opportunity to accelerate change.
Fund allocation
{{'fund.detail.general.perDate' | labelize:[ fundDate(fund.fundAllocations.date,'llll') ]}}| Name | Sector | Weight |
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Fund Classification
| Yes | No | N/A | ||
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| Voting | ||||
| Engagement | ||||
| ESG integration | ||||
| Exclusion |
| Yes | No | N/A | ||
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| Sustainability Themed Fund |
Currency policy
The fund is allowed to pursue an active currency policy to generate extra returns and can engage in currency hedging transactions.
Dividend policy
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.
ESG Integration policy
The Fund employs systematic, bottom-up stock selection that combines proprietary Environmental, Social & Governance (ESG) data and rigorous Sustainability Investing (SI) analysis throughout the investment process. Universe exclusions, gender equality indicators, and proprietary ESG filters are used to determine the starting universe. Gender equality scores combined with fundamental analysis are used to further refine the remaining stock pool. An in-house SI research team integrates financially-material sector and company-specific sustainability analysis into investment cases. 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.
Investment policy
Our investment philosophy is grounded in the core belief that the integration of ESG factors into a disciplined, research-driven investment process leads to better-informed investment decisions and better risk-adjusted returns through an economic cycle. Building on our proprietary data and research, we identify companies that generate a competitive advantage through sound business practices, efficiency improvements, and the creation of new solutions for the myriad challenges facing society over the coming decades. Taking a long-term investment perspective, we analyze companies’ business models, market positioning and growth potential, and evaluate their financial performance and valuation. Based on this fundamental assessment, we seek to uncover attractive investment opportunities and implement them in concentrated, conviction-based equity portfolios.
Risk policy
Risk management is fully integrated into the investment process to ensure that positions always meet predefined guidelines.
Expectation of fund manager
{{'fund.detail.general.perDate' | labelize:[ fundDate(fund.fundFacts.date,'llll') ]}}Despite improving activity, the global economy is still trending below pre-crisis levels. Global manufacturing and activity have rebounded strongly. They are therefore running most risk if more regions tighten restrictions. Corporates and central banks were cautious in their outlook, raising expectations that additional monetary and fiscal measures will have to follow. The ECB hinted at further stimulus in December, and in the US, regardless of the election outcome, support stimulus packages will likely be extended. However, the upside potential in equity markets seems limited, given the resurgence in new Covid-19 cases. Governments are now under pressure to introduce additional restrictions and lockdowns. Even though countries appear to be better prepared than in the spring, more economic pain seems inevitable and the extent of the impact will depend on how long the induced measures last. We expect stock markets to remain volatile and remain focused on quality companies that exhibit a greater degree of gender equality, and that make use of higher market volatility to further solidify positions in companies with appealing mid- to long-term perspectives.
Junwei Hafner-Cai, CIIA
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.
Details
{{'fund.detail.general.perDate' | labelize:[ fundDate(fund.fundFacts.date,'llll') ]}}| Management company | |
| Fund capital | |
| Size of share class | |
| Outstanding shares | |
| ISIN | LU2145460270 |
| Bloomberg | RSGGIZE LX |
| Valoren | 55666674 |
| WKN | |
| Availability | |
| 1st quotation date | 1603929600000 |
| Close financial year | 31-12 |
| Legal status | |
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Cost of this fund
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Transaction costs |
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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.
