Singapore, 21 August 2020 – Today, Robeco announces its partnership with UOB Asset Management Thailand (UOBAM Thailand) to offer the Robeco Sustainable Global Stars Equities strategy to Thai retail investors through a retail global equity fund managed by UOBAM Thailand.1
The Robeco Sustainable Global Stars Equities strategy is one of the first Robeco strategies to integrate sustainability in its investment process. This actively-managed strategy adopts a high-conviction approach, while integrating advanced ESG factors and focusing on quality. The aim is to outperform the MSCI World Index over a 3 to 5-year horizon. The investment process focuses on three key pillars: strong free cash flow (FCF), high returns on invested capital (ROIC) and material ESG factors & integrated valuation tools. The portfolio holds 25 to 40 of the most attractive global stocks. The strategy has a low turnover, a 90% active share and a better ESG profile and lower environmental footprint than the index2.
The strategy has outperformed the MSCI World Index by 15.09% for 1 year, 4.45% for 3 year and 2.58% since its inception in 2008 and the outperformance has been achieved under different market conditions.3
In 2020, Robeco conducted a study to quantify the strategy’s performance attribution in terms of sustainability. The study found from 2017-2019, approximately 19% of the strategy’s outperformance was attributable to integrating environmental, social and governance (ESG) factors into portfolio construction. ESG accounted for approximately 210 basis points of its 1107 basis point outperformance over that time4.
The portfolio is managed by the Robeco Sustainable Global Stars Equities team and the lead portfolio manager is Jan Keuppens. They are further supported by sustainability research specialists at RobecoSAM and the Robeco Active Ownership team, which engages with companies on material sustainability issues.
Tom Keenan, CEO of Robeco Singapore and Regional Head of Wholesale Asia ex-Japan at Robeco, says: “We are excited to partner with UOBAM again to bring sustainable investing to a local retail market, as was the case with the launch of the RobecoSAM SDG Credit Income strategy in Singapore in March 2020. With its strong regional footprint and group-wide commitment to sustainable investing, our partnership with UOBAM will help us bring this style of investing to more investors in Asia. Robeco has long believed sustainable investing can lead to a better risk/return profile, In fact, the Robeco Sustainable Global Stars Equities strategy was one of the first strategies at Robeco to integrate ESG, and its strong track record demonstrates the added value of ESG integration. We believe the strategy’s ability to deliver performance, while contributing to wellbeing, makes this strategy appealing to Thai investors.”
Mr. Vana Bulbon, CEO of UOBAM (Thailand), said, “UOBAM (Thailand), as a subsidiary of UOBAM, believes investing responsibly, with a purpose, and generating positive returns can be synchronized. Therefore, we have integrated ESG considerations in our investment process, providing new investment solutions for our local investors. For this reason, we have handpicked a high quality sustainable global equity fund, in collaboration with Robeco, a top ranked and global leader in sustainable investing. This new sustainable global equity fund offers Thai investors an opportunity to do good through sustainable investing and at the same time, generate long-term positive returns. ”
The Robeco Sustainable Global Stars Equities strategy is available in a Luxembourg fund vehicle but is available in Asia only for professional investors in Hong Kong and accredited investors in Singapore.
1 For more information, please refer to the UOB Thailand website.
2 The strategy scores 52.6% less for GHG emissions scope 1 & 2, 30.6% below for energy consumption, 48.3% less for water use and 57.5% less for waste generation when compared to the MSCI World Index. Source: RobecoSAM, as of 31 May 2020. Footprint ownership for USD218.5 million invested.
3 The strategy returned 16.06% (1-Year), 11.87% (3-Year) and 13.95% (Since inception on Dec 2008); the Index returned 0.97%(1-Year), 7.42% (3-Year) and 11.37% (Since Dec 2008). Source: Robeco, as of July 2020. Representative portfolio of the strategy, annualized, gross of fees, based on gross asset value in EUR. In reality costs (such as management fees and other costs) are charged. These have a negative effect on the returns shown. Benchmark is MSCI World index net return.
4 For more information, https://www.robeco.com/sg/insights/2020/01/from-alchemy-to-gold-how-esg-adds-value-in-a-robeco-fund.html
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