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Robeco Global FinTech Equities I EUR

Reference index: MSCI All Country World Index (Net Return, EUR)
ISIN: LU1700711150
  • Invests in stocks of companies all over the world which benefit from the increasing digitization of the financial sector
  • Top-down trend selection and bottom-up stock selection using proprietary valuation models
  • Risk limitation through diversification over multiple trends with different drivers and risk characteristics
Assets class
Current price ()
Performance YTD ()
Currency EUR
Total size of fund ()
Dividend payingNo

About this fund

Robeco Global FinTech Equities invests in stocks in developed and emerging countries across the world which benefit from the increasing digitization of the financial sector. The selection of these stocks is based on fundamental analysis. Proprietary valuation models are used to select stocks with good earnings prospects and a reasonable valuation. Companies are individually assessed on the basis of industry trend analysis, in-depth discussions with corporate management, analysts and industry experts.

Price development

No performance data available

Price development

Robeco Global FinTech Equities I 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)
Initial charges or eventual custody charges which intermediaries might apply are not included.
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)
Initial charges or eventual custody charges which intermediaries might apply are not included.
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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During November, we visited India and experienced that India is still heavily dependent on cash payments. One of our conclusions is that in India competition in the payment sector is fierce and challenging for Mastercard and Visa but it is too early to declare defeat for the networks and solid growth opportunities remain for them as well. India is a very interesting example of what government involvement can do to the profitability of financial services businesses. We expect many interesting investment opportunities but will also keep an eye on early signs of competitive pressure. Portfolio related news came in the form of the bid for TD Ameritrade by Charles Schwab. Interestingly, the company that started the price war in online brokerage ultimately benefited from the resulting stock price decline for the whole sector.

Fund allocation

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Name Sector Weight
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Fund Classification

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

Currency policy

The fund can engage in currency hedging transactions. Typically currency hedging is not applied.

Dividend policy

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

ESG Integration policy

Robeco Global FinTech Equities integrates ESG factors into its investment process by analyzing the impact of financially material ESG factors to a company’s competitive position and value drivers. We believe that this enhances our ability to understand existing and potential (long-term) risks and opportunities of a company. The impact of material ESG factors can be positive or negative, reflecting risks or opportunities, that ensue from a company’s ESG analysis. If ESG risks and opportunities are significant, the ESG analysis could impact a stock’s fair value and the portfolio allocation decision. In addition to ESG integration, Robeco also has an exclusion policy and conducts proxy voting and engagement activities focused on specific themes, such as climate change, aiming to improve a company’s sustainability profile.

Investment policy

Robeco Global FinTech Equities invests in stocks of companies all over the world which benefit from the increasing digitization of the financial sector. The selection of these stocks is based on fundamental analysis. Proprietary valuation models are used to select stocks with good earnings prospects and a reasonable valuation. Companies are individually assessed on the basis of industry trend analysis, in-depth discussions with corporate management, analysts and industry experts. Fintech comprises of several very strong underlying trends, which we believe will drive strong growth in an industry which has changed substantially since the global financial crisis. We believe this is reflected in the following trends: online payments will become mainstream, cash the exception; financial inclusion drives Asia to become the largest fintech hub; software is a key building block for the digitization of the financial sector.

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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Some very strong secular growth trends are expected to drive the fintech industry in the coming years, ranging from artificial intelligence and big data to core system replacement and a continued shift to electronic forms of payment and trading. Furthermore, M&A in fintech continues. Scale is the name of the game in payments and that mantra is global. Also, we see ongoing capex increases by large financial institutions. The realization of required investments into technology start to resonate sector-wide. Finally, one of our key beliefs is that Asia will become the fintech center of the world in terms of latest technologies and highest adoption levels. This is due to its lack of legacy, high penetration rates of smartphones, young population in several emerging markets and governments that view fintech as a way to achieve financial inclusion and a transition mechanism towards a more services-oriented economy.

Patrick Lemmens, Jack Neele
Patrick Lemmens, Jack Neele

Patrick Lemmens, Jack Neele

Patrick Lemmens is the Lead Portfolio Manager of Robeco New World Financials Equities and Robeco Global FinTech Equities. He has been responsible for New World Financial Equities since October 2008 and since launch in November 2017 for Global FinTech Equities. Prior to joining Robeco in 2008, Mr. Lemmens was employed at ABN AMRO Asset Management as a Senior Portfolio Manager for 5 years and 9 years as a Senior Investment Analyst, both in Global Financials. Mr. Lemmens managed the ABN AMRO Financials Fund between October 2003 and December 2007. Patrick Lemmens started his career in the investment industry in 1993. Mr. Lemmens holds a Master's degree in Business Economics from Erasmus University Rotterdam and is a CFA holder since 1995. Mr.Jack Neele, Portfolio Manager within the Robeco Trends Investing Equities team since April 2006. Before managing the Robeco Global Consumer Trend Equities fund, Jack was responsible for Robeco IT Equities fund. Prior to joining Robeco in 2006, Jack was employed by Mees Pierson as a portfolio manager active global equity for seven years, also responsible for alternative investments. Jack started his career in the investment industry in 1999. He holds a Master's degree in Econometrics from the Erasmus University Rotterdam and is an EFFAS certified Financial Analyst. Jack is registered with the Dutch Securities Institute.

Details

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Management company
Fund capital
Size of share class
Outstanding shares
ISINLU1700711150
BloombergRGFIEQI LX
Valoren38714554
WKNA2JE9W
Availability
1st quotation date1510876800000
Close financial year31-12
Legal status
Tracking error limit (%)
Reference index

Cost of this fund

Ongoing charges

This fund deducts ongoing charges of
These charges comprise
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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 0.01% 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

Investors who are not subject to (exempt from) Dutch corporate-income tax (e.g. pension funds) are not taxed on the achieved result. Investors who are subject to Dutch corporate-income tax can be taxed for the result achieved on their investment in the fund. Dutch bodies that are subject to corporate-income tax are obligated to declare interest and dividend income, as well as capital gains in their tax return. Investors residing outside the Netherlands are subject to their respective national tax regime applying to foreign investment funds. We advise individual 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.

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Disclaimer

Please read this important information before proceeding further. It contains legal and regulatory notices relevant to the information contained on this website.

The information contained in the Website is NOT FOR RETAIL CLIENTS - The information contained in the Website is solely intended for professional investors, defined as investors which (1) qualify as professional clients within the meaning of the Markets in Financial Instruments Directive (MiFID), (2) have requested to be treated as professional clients within the meaning of the MiFID or (3) are authorized to receive such information under any other applicable laws. The value of the investments may fluctuate. Past performance is no guarantee of future results. Investors may not get back the amount originally invested. Neither Robeco Institutional Asset Management B.V. nor any of its affiliates guarantees the performance or the future returns of any investments. If the currency in which the past performance is displayed differs from the currency of the country in which you reside, then you should be aware that due to exchange rate fluctuations the performance shown may increase or decrease if converted into your local currency.

In the UK, Robeco Institutional Asset Management B.V. (“ROBECO”) only markets its funds to institutional clients and professional investors. Private investors seeking information about ROBECO should visit our corporate website www.robeco.com or contact their financial adviser. ROBECO will not be liable for any damages or losses suffered by private investors accessing these areas.

In the UK, ROBECO Funds has marketing approval for the funds listed on this website, all of which are UCITS funds. ROBECO is authorized by the AFM and subject to limited regulation by the Financial Conduct Authority. Details about the extent of our regulation by the Financial Conduct Authority are available from us on request.

Many of the protections provided by the United Kingdom regulatory framework may not apply to investments in ROBECO Funds, including access to the Financial Services Compensation Scheme and the Financial Ombudsman Service. No representation, warranty or undertaking is given as to the accuracy or completeness of the information on this website.

If you are not an institutional client or professional investor you should therefore not proceed. By proceeding please note that we will be treating you as a professional client for regulatory purposes and you agree to be bound by our terms and conditions.

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