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Robeco MegaTrends F EUR

Reference index: MSCI All Country World Index (Net Return, EUR)
ISIN: LU0974293085
  • Invests in the structural trends worldwide (e.g. "the digital world" and the Industrial Renaissance)
  • Top-down theme selection and bottom-up stock selection using proprietary valuation models
  • Risk limitation through global diversification
Assets class
Current price ()
Performance YTD ()
Currency EUR
Total size of fund ()
Dividend payingNo

About this fund

Robeco MegaTrends invests in stocks in developed and emerging countries across the world. The selection of these stocks is based on fundamental analysis. The fund focuses on growth by primarily making allocations to promising long term growth trends and invests in four different and independent top down trends: Digital World, Emerging Middle Class, Industrial Renaissance and Getting Old & Staying Healthy. Within the identified growth trends, the fund invests dominantly into stocks of companies that have as pure as possible exposure to the trends.

Price development

No performance data available

Price development

Robeco MegaTrends 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)
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 December, the Fed remained on hold and signaled it will remain so for 2020 if nothing changes, while Christine Lagarde made her first generally well-received appearance at the ECB. The inversion of the US yield curve reversed in December, reducing worries that the whole economy was moving into a recession. But the biggest positive was the announcement of a Phase-1 trade deal between the US and China. While we think it is rather symbolic, and Phase-2 will be much tougher to negotiate, it at least avoided the implementation of new tariffs in December and reduced existing tariffs by up to 50%. Industrials, telecoms and staples were among the laggards in December globally, while the ultimate growth sector, information technology, was among the best sectors together with energy. In regional terms, developed markets clearly underperformed emerging markets, with the latter up 5.5% on average in EUR. China, Hong Kong, Brazil and Korea did even better than this.

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.

Dividend policy

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

ESG Integration policy

Robeco MegaTrends 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 MegaTrends' investment style focuses on growth by primarily making allocations to promising trends. Rolinco invests in minimum three and maximum four different and independent top-down growth trends. The fund then invests directly into stocks of companies that have as pure as possible exposure to one of these trends. The selection of the trends is the first and most important step in the investment process, as they define the investment universe from which stocks are selected. Current trends that Robeco MegaTrends has selected are Digitalization', 'The emerging middle-class', 'The Industrial Renaissance' and 'Getting old and staying healthy'. Robeco MegaTrends can anticipate currency developments through active currency management. Risk management is fully integrated in the investment process to ensure that positions meet predefined guidelines. The fund can hold a limited cash position. This Sub-fund may invest in China A-shares via the QFII and/or a Stock Connect Programme which may entail additional clearing and settlement, regulatory, operational and counterparty risks.

Risk policy

Risk management is fully integrated in the investment process to ensure that positions always meet predefined guidelines.

Expectation of fund manager

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Most economic indicators have been pointing towards a slowdown in economic growth since the start of the year. The industrial side of the world economy is already shrinking and we expect that business spending will continue to be constrained as long as there is no certainty. As consumption is still growing and unemployment levels are record low in most countries, it is not realistic to assume recessions will occur in Western countries in the remainder of this year. However, we expect a more challenging environment for operating companies, so we prefer companies with a sustainable and secular earnings growth profile. We try to find these companies by looking at long-term trends from a top-down perspective. In this era, thanks to digitization and new technologies, we will be able to cure most diseases, make financial services cheaper and more accessible to all and increase our labor productivity sustainably. Stocks that provide the tools and technology for this will grow revenues and cash flows much faster than anyone expects.

Marco van Lent, Vera Krückel, CFA
Marco van Lent, Vera Krückel, CFA

Marco van Lent, Vera Krückel, CFA

Marco van Lent is a member of the Robeco Trends Investing Equity team since December 2010 and since November 2013 portfolio manager of Robeco MegaTrends/Rolinco and since June 2017 portfolio manager of Robeco Digital Innovations. Before that he was portfolio manager of Robeco Infrastructure Equities. He joined Robeco in October 2007 to co-manage two European equity funds. He started his investment career in 1985 as a sell-side analyst/strategist. In 1996, he became a portfolio manager at Van Spaendonck Asset Management. This was followed by a position as senior portfolio manager European equities at Philips Investment Management in 1999. Using the high-conviction investment strategy which he had co-developed at Philips Investment Management, he moved on to Van Lanschot Asset Management to manage the Van Lanschot European Equity Fund. After the acquisition of Kempen Capital Management by Van Lanschot, he worked at Kempen Capital Management for 6 months to manage European equity mandates. Marco holds a Master’s degree in Business Economics and Finance from Tilburg University. Vera Krückel is a member of the Robeco Trends investing team and portfolio manager of Robeco Global Trends/ Rolinco since July 2019. Since June 2017 Vera Krückel is also trend researcher within Trends Investing. She started at Robeco doing the international trainee program after which she was a global sector specialist for 5 years. Before joining Robeco in 2010, she was employed by Ernst & Young as an Advisor for Financial Performance Improvements. Before that, she worked in the Investment Banking division of BNP Paribas in London. Vera Krückel holds a Master’s degree in Finance from the Università Bocconi in Milan, Italy.

Details

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Management company
Fund capital
Size of share class
Outstanding shares
ISINLU0974293085
BloombergRGGTRFE LX
Valoren22408495
WKNA2PQVZ
Availability
1st quotation date1384473600000
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
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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 0.05% 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.

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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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