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RobecoSAM Sustainable European Equities Z EUR

Index: MSCI Europe Index TRN
ISIN: LU1718492686
  • A sustainable core allocation strategy — Characteristics of a core strategy with risk benefits in down markets.
  • High conviction — Follows a research-driven, performance-oriented investment process reflected in a high active share, low turnover and asset selection as the single main contributor to active risk.
  • Improved environmental footprint — Avoids the most polluting companies while not excluding entire industries. Generates a positive impact across GHG emissions, energy usage, water consumption and waste generation.
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Performance YTD ()
Currency EUR
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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. An in-house Sustainability Investing (SI) research team integrates financially-material sector and company-specific sustainability analysis into investment cases.

Price development

No performance data available

Price development

RobecoSAM Sustainable European Equities Z 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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In February, the risk-on rally in equity markets, that started in January, continued. In the first two months of the year, MSCI Europe regained the majority of 18Q3 losses. Market sentiment was supported by generally better than expected fourth quarter earnings. Despite peak cycle earnings, investors still see earnings growth for 2019. A delayed pick-up in interest rates and easing trade conflicts also supported the positive sentiment. Not surprisingly, more cyclical sectors such as materials and industrials were among the best performing over the past month. Within materials, for example Ems-Chemie, which has a high exposure to the automotive industry, was a top performer because of a less-than-feared slowdown in 18Q4 and lower indicated 2019 headwinds. Aerospace related companies such as Airbus and Rolls Royce are amongst the strongest gainers in industrials, supported by an improved outlook for emerging markets and particularly China.

Fund allocation

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Name Sector Weight
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Fund Classification

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Voting
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ESG integration
Exclusion
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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; any income earned is retained, and so the fund's 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

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.

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, Mathias Büeler, CFA
Kai Fachinger, CFA, Mathias Büeler, CFA

Kai Fachinger, CFA, Mathias Büeler, CFA

Kai Fachinger is a Senior Portfolio Manager responsible for managing the RobecoSAM Sustainable European Equities Strategy as well as serving as a Senior Equity Analyst covering the Utilities and Telecommunication Sector. Previously, 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 strategies for retirement planning. Kai earned his degree in Mathematical Finance from the University of Constance (Germany) and is a CFA Charterholder. He joined RobecoSAM in 2007. Mathias Büeler is the Senior Portfolio Manager responsible for the RobecoSAM Sustainable European Equities Strategy as well as serving as a Senior Equity Analyst covering the Financials and Consumer Discretionary Sector. Prior to joining, Mathias Büeler worked as a sell-side equity analyst at Kepler Capital Markets for more than four years, covering Swiss banks and diversified financials. Previously, he was Head of Product Management Structured Products at Man Investments for two and a half years. Mathias Büeler holds a Master of Arts majoring in Business Administration from the University of Zurich and is a CFA chartholder. He joined RobecoSAM in 2011.

Details

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Management company
Fund capital
Size of share class
Outstanding shares
ISINLU1718492686
BloombergROSSEEZ LX
Valoren
WKN
Availability
1st quotation date1510790400000
Close financial year31-12
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Cost of this fund

Ongoing charges

This fund deducts ongoing charges of
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The expected transaction costs are

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This fund may also deduct a performance fee of

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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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