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Robeco Multi Asset Growth I USD

ISIN: LU1629880938
  • Worldwide investments in multiple asset classes
  • Focus on capital growth maximization
  • Flexibility to seek the best risk-return opportunities
Asset class
Current price ()
Performance YTD ()
Currency USD
Total size of fund ()
Dividend payingNo

About this fund

Robeco Multi Asset Growth is an actively managed global multi asset fund with a focus on generating capital growth. The fund has a relatively high risk profile and uses asset allocation strategies mainly investing directly in equities and taking exposure to other asset classes such as bonds. The asset allocation strategy is subject to investments and volatility restrictions. The portfolio management team can also use other investment instruments to enhance the risk-return profile of the fund. The fund aims to outperform the benchmark over the long run.

Price development

No performance data available

Price development

Robeco Multi Asset Growth I USD

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.

Performance explanation

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Based on transaction prices, the fund's return was 5.08%. Multi Asset Growth delivered a more than decent return in 2020. The fund gained more than 11% in 2020. In December, the fund added more than 2.5% to the year-to-date performance. The main driver of the overall performance was the allocation to equities. Equity markets continued the ascend that started on the back of the positive vaccine news. Towards the end of the month, the risk profile of the fund was lowered. While the tilt in the fund remains procyclical, we have become a bit cautious. We lowered risk in the portfolio through lowering the equity exposure of the fund. The portfolio continues to hold a sizable exposure to high yield. Also, we maintained our position in commodities, as we continue to think that this asset class has lagged the current cycle. Government bonds remain our least preferred asset class, as they offer a low yield and we expect some upward pressure on rates. Almost all strategies in the portfolio contributed positively to the overall return. The best-performing strategy in the portfolio was Robeco Sustainable Emerging Stars Equities.

Statistics

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Above mentioned ratios are based on gross of fees returns.
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Market development

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In December 2020, the economy's positive growth momentum became more uneven as a result of the varying government responses to increasing Covid-19 cases since early October. Nonetheless, the leading ISM indicator picked up further in December to 60.7. In the Eurozone, the growth momentum decelerated after the number of lockdowns started to increase again. China also saw slower activity in the services sector, though overall economic activity levels there already exceeded end-of-2019 levels in the fourth quarter. The development of effective vaccines and the start of vaccination were game-changing. The prospect that in a not too distant future we will return to some sort of normality, continues to be the main tailwind for equity markets and other risky assets.In addition to the second wave of Covid-19, last month saw a number of other significant events. Despite a high level of bipartisan sentiment, Congress managed to pass a USD 900 bln stimulus bill and on Christmas Eve, the EU and the UK finally reached a trade deal.

Fund allocation

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Name Sector Weight
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Fund Classification

YesNoN/A 
Voting
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ESG integration
Exclusion
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Screening
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Sustainability Themed Fund

Dividend policy

This share class of the fund does not distribute dividend.

ESG Integration policy

Robeco Multi Asset Growth primarily invests in Robeco funds. Robeco strives to incorporate ESG issues in investment decisions. For the majority of the investments ESG integration occurs indirectly. The ambition is to have ESG integration for the full composition of the portfolio. Sustainability can be a decisive factor in the fund-selection process. Capabilities from other asset managers can be selected. Such funds are currently out of the scope of the sustainability screening.

Investment policy

Robeco Multi Asset Growth is an actively managed global multi-asset fund with a focus on capital growth. The fund has a relatively high risk profile and mainly invests in equity and bond funds of Robeco and RobecoSAM. The portfolio management team can also use other investment instruments to enhance the risk/return profile of the fund. The fund is managed by an experienced team of specialists in multi-asset investing with a proven track record of more than 20 years. The investment strategy also relies on the sustainability research of RobecoSAM. RobecoSAM is an investment specialist focused exclusively on Sustainability Investing with more than 20 years of experience in sustainability, thematic and impact investing.

Risk policy

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

Expectation of fund manager

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In our view, the economic recovery that has occurred over the past period may level off in the next few months due to the current intensification of the virus outbreak and the subsequent lockdowns. Towards the second half of 2021, we expect herd immunity to take hold. This is in line with market expectations and in our view has been fully discounted. Any hiccup (for instance issues with rolling out the vaccines, public resistance to vaccination, etc.) that could slow down the trajectory towards herd immunity may have a negative impact on the markets. Currently, market sentiment is very optimistic, according to various sentiment indicators. That's why we are currently giving equities a neutral weight in the portfolios. Within equities, we tilted the portfolio towards Europe and Japan at the expense of US equities. In response to increasing industrial demand, supply shortages and more fiscal stimulus ahead (potentially linked to infrastructure spending in the US), we continue to hold on to our exposure to commodities.We also think that government bond yields will experience some upward pressure over time, given the signs of inflationary pressures in the US.

Jeroen Blokland, Ernesto Sanichar
Jeroen Blokland, Ernesto Sanichar

Jeroen Blokland, Ernesto Sanichar

Mr. Jeroen Blokland is Portfolio Manager with Robeco within the Robeco Global Allocation team. Jeroen is portfolio manager of the Robeco Pension Return Portfolio since the launch in March 2012. Prior to joining the Robeco Global Allocation team, he was employed by IRIS, the independent Institute for Research and Investment Services of Robeco and Rabobank, as an Investment strategist since 2005. He started his career at Interpolis in 2002, where he held a position as asset manager and investment strategist. Jeroen holds a Master's degree in Economics from Erasmus University, Rotterdam. Ernesto Sanichar is Portfolio Manager with a focus on pension fund mandates. His asset specialties are fixed income and FX. He has been part of Robeco's Investment Solutions department since 2005. Previously, he was Treasury Manager for four years. Prior to joining Robeco in 2001, Ernesto worked at ING Barings as a Product controller at the cash equities and derivatives desk for three years. Ernesto started his career in the investment industry in 1998. He holds a Master's in Financial Economics from Erasmus University Rotterdam.

Details

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Management company
Fund capital
Size of share class
Outstanding shares
ISINLU1629880938
BloombergRMAGRIU LX
Valoren37083086
WKN
Availability
1st quotation date1497484800000
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 0.01% 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.

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