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RobecoSAM Sustainable European Equities F EUR

Index: MSCI Europe Index Total Return Net
ISIN: LU0940006702
  • Actively-managed, bottom-up equity strategy focused on European companies
  • Combines proprietary ESG data and research with proprietary fundamental analysis to determine a stock’s intrinsic value
  • Concentrated portfolio of attractively-valued, high-quality, highly-sustainable stocks with long-term outperformance potential
Assets class
Current price ()
Performance YTD ()
Currency EUR
Total size of fund ()
Dividend payingNo

About this fund

The Strategy is based on the core conviction that sustainable companies will outperform over the long run and that the sustainability impact is under-researched, under-appreciated, and ultimately mispriced by capital markets. The Strategy combines proprietary ESG research and analysis within a disciplined and proprietary investment framework to determine a company’s intrinsic value. Our rigorous valuation approach takes advantage of market mis-pricing, leading to a concentrated portfolio of attractively-valued, high quality stocks with a higher potential to outperform the benchmark across environmental and financial metrics.

Price development

No performance data available

Price development

RobecoSAM Sustainable European Equities F 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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European equities stabilized in September. After continuous losses in the first few days of the month, the market recovered sharply, driven by the energy, financials and materials sectors. Staples and real estate pulled back. After months of decline, the shares of French supermarket operator Casino rebounded strongly from their August low, as merger talks with competitor Carrefour and news of secured financing by parent company Rallye ignited new optimism that led to the closure of short positions. The stocks of several fundamentally challenged banks, including Commerzbank, rallied during September from recently hit lows. Here again, speculation around a possible merger with Deutsche Bank lifted hopes. Also, H&M, the Swedish apparel retailer, benefited from buyout speculation. The worst performer in the European market was Zalando. The German online fashion retailer issued another profit warning due to aggressive discounting.

Fund allocation

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Name Sector Weight
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Fund Classification

YesNoN/A 
Voting
Engagement
ESG integration
Exclusion
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Screening
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Sustainability Themed Fund

Currency policy

To reduce any possibility of large currency deviations relative to the benchmark which heighten the level of risk, the fund may bring exposure into line with the currency weights of the benchmark by carrying out currency forward transactions.

Dividend policy

The fund does not distribute dividend; it retains any income that is earned and so its entire performance is reflected in its share price.

ESG Integration policy

For RobecoSAM Sustainable European Equities, ESG is integrated at different stages of the investment process. We use sustainability performance ranking to narrow down our universe and focus our fundamental analysis on companies that have demonstrated superior sustainability performance compared to their peers. Then, we integrate the company's sustainability performance in our financial analysis to estimate the stock's fair value. In portfolio construction, we monitor and manage sustainability risks actively through our Media and Stakeholder analysis.

Investment policy

The Strategy is based on the core conviction that sustainable companies will outperform over the long run and that the sustainability impact is under-researched, under-appreciated, and ultimately mispriced by capital markets. The Strategy combines proprietary ESG research and analysis within a disciplined and proprietary investment framework to determine a company’s intrinsic value. Our rigorous valuation approach takes advantage of market mis-pricing, leading to a concentrated portfolio of attractively-valued, high quality stocks with a higher potential to outperform the benchmark across environmental and financial metrics.

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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The fund’s strategy aims to make investments in high-quality companies with sustainable, differentiated business models taking a full-cycle view. Given that approach, we’d expect the fund to show its full strength when returns of individual stocks start to materially differ due to less overall market support. The fund’s positions tend to be less driven by assumptions on general market trends, but much more by company-specific qualities that are likely to endure in both positive and negative environments. Driven by expected business resilience and comparably moderate valuations, our key convictions can give some comfort in volatile times.

Kai Fachinger, CFA
Kai Fachinger, CFA

Kai Fachinger, CFA

Kai Fachinger is Senior Portfolio Manager responsible for managing the RobecoSAM Sustainable European Equities Strategy and Deputy Portfolio Manager for the RobecoSAM Sustainable Global Equity Strategy. From 2006 to 2007, he was a Financial Engineer at Allianz Global Investors, where he was responsible for asset liability studies as well as for concept studies for life cycle and decumulation solutions. Kai earned his degree in Mathematical Finance from the University of Constance, Germany, in 2006 and is a CFA charterholder. Joined RobecoSAM in 2007.

Details

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Management company
Fund capital
Outstanding shares
ISINLU0940006702
BloombergRGSSEFE LX
Valoren21528981
WKNA1W81A
Availability
1st quotation date1378166400000
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
Management fee
Service fee

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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