RobecoSAM Global SDG Equities D EUR
- Positive impact – Identification of businesses that generate a competitive advantage by addressing opportunities arising from a transition towards more sustainability
- Long-term investment returns – Implementation of a disciplined investment process resulting in a concentrated, risk-controlled portfolio of stocks exhibiting strong fundamentals and reasonable valuations
Effective October 29th 2020, selected RobecoSAM equity funds were merged onto the RCGF SICAV platform and received new inception dates, share classes, and ISIN codes.
More information
About this fund
Price development
Performance
{{'fund.detail.general.perDate' | labelize:[ fundDate(fund.fundPerformances.date,'llll') ]}}| Fund | Index | |
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| {{'fund.detail.performance.period.sinceInception' | labelize:[ fundDate(fund.fundPerformances.sinceStart.startDate,'MM-YYYY') ]}} |
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 | |
|---|---|---|
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
{{'fund.detail.general.perDate' | labelize:[ fundDate( (fund.fundStatistics.date?fund.fundStatistics.date:fund.fundCharacteristics.date) ,'llll') ]}}| 3 years | 5 years | ||
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| Fund | Reference index | ||
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| Green Bonds (%) |
Market development
{{'fund.detail.general.perDate' | labelize:[ fundDate(fund.fundInvestmentExplanations.date,'llll') ]}}Contrary to the typical seasonal pattern, equity markets returned positively in June. Both the S&P 500 and the European STOXX 600 indices again reached new all-time highs. Was the positive sentiment in previous months driven by the progress on vaccinations, the reopening of the economy and, as a consequence, positive economic data, investor focus now returned to monetary policy, most notably to the Fed. Although Chairman J. Powell adopted a slightly ‘hawkish’ tone and announced the first rate hikes for 2023, he managed to convince the markets that the economy is not at risk of over-heating. Despite solid growth projections, he sees the labor market as still far from being completely recovered. He reiterated his view that a surge of inflation might only be ‘temporary’ and that the economic dynamic might slow in the second half of the year. Consequently, the Fed continued its massive bond purchasing program. The market's reaction to this new ‘peak growth’ narrative was a strong rotation back into technology stocks, especially into big tech (FAANG). Recent outperformers such as materials, financials or industrials on the other hand suffered from profit taking.
Fund allocation
{{'fund.detail.general.perDate' | labelize:[ fundDate(fund.fundAllocations.date,'llll') ]}}| Name | Sector | Weight |
|---|---|---|
Fund Classification
| Yes | No | N/A | ||
|---|---|---|---|---|
| Voting | ||||
| Engagement | ||||
| ESG integration | ||||
| Exclusion |
| Yes | No | N/A | ||
|---|---|---|---|---|
| Screening | ||||
| Integration | ||||
| Sustainability Themed Fund |
Currency policy
The fund is allowed to pursue an active currency policy to generate extra returns and can engage in currency hedging transactions.
Dividend policy
In principle the fund does not intend to distribute dividend and so both the income earned by the fund and its overall performance are reflected in its share price.
ESG Integration policy
RobecoSAM Global SDG Equities invest in companies whose products and services create a positive impact on the SDGs. It employs systematic, bottom-up stock selection that combines proprietary Environmental, Social & Governance (ESG) data and research throughout the investment process. ESG criteria for exclusions and theme-specific suitability are applied during universe construction. An in-house Sustainability Investing (SI) research team integrates financially-material sector and company-specific sustainability analysis into investment cases. A dedicated thematic equity team incorporates SI research within fundamental analysis and stock valuations. Impact assessments of controversial incidences affecting portfolio holdings provide additional risk management. An active ownership and engagement team interacts directly with company management of fund holdings, offering additional channels for sustainable impact.
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. Building on our proprietary data and research, we identify companies that generate a competitive advantage through sound business practices, efficiency improvements, and the creation of new solutions for the myriad challenges facing society over the coming decades. Taking a long-term investment perspective, we analyze companies’ business models, market positioning and growth potential, and evaluate their financial performance and valuation. Based on this fundamental assessment, we seek to uncover attractive investment opportunities and implement them in concentrated, conviction-based equity portfolios.
Risk policy
Risk management is fully integrated into the investment process to ensure that positions always meet predefined guidelines.
Expectation of fund manager
{{'fund.detail.general.perDate' | labelize:[ fundDate(fund.fundFacts.date,'llll') ]}}Equity markets realized astonishing returns in the first half of the year. A rapid economic recovery and seemingly unlimited money supply provided the perfect environment. However, the outlook is now becoming more uncertain, as many factors have to come together in order to maintain the positive trend. In the ideal scenario, GDP growth will remain very robust, but slightly more moderate. This would ease inflationary pressure and allow the central bank to begin scaling back bond purchases very slowly, as planned. Certain indicators also suggest such a scenario. Forward-looking data such as the order for durable goods recently signaled a deceleration in capital spending. Also, commodity prices have come down from their peaks. Should the central bank nevertheless be forced to tamper more quickly, this could create higher volatility in the meantime. The biggest risk in that sense are wages and housing prices that are likely to rise. Many corporates are not finding enough employees and are therefore increasing financial incentives. Such changes are not temporary, but would have a longer-term effect. We expect the stock markets to react very sensitively to upcoming growth and inflation data.
Rainer Baumann, CFA
Rainer Baumann is Head of Investments and a Member of the Executive Committee at Robeco Switzerland Ltd. He oversees and manages a team of investment professionals consisting of Portfolio Managers and Equity Analysts. In addition to his management role, he acts as a Portfolio Manager for the Global SDG Equities strategy. Prior to joining the firm, Rainer spent three years with UBS Wealth Management as a Portfolio Manager responsible for large private asset management mandates and as a member of the local investment committee. He began his career in Financial Audit at PricewaterhouseCoopers. Rainer holds a Master's degree in Business Administration from the University of Zurich and is a CFA Charter-holder. He joined Robeco in 2002.
Details
{{'fund.detail.general.perDate' | labelize:[ fundDate(fund.fundFacts.date,'llll') ]}}| Management company | |
| Fund capital | |
| Size of share class | |
| Outstanding shares | |
| ISIN | LU2145460353 |
| Bloomberg | RSGSEDE LX |
| Valoren | 55777796 |
| WKN | A2QD2L |
| Availability | |
| 1st quotation date | 1603929600000 |
| Close financial year | 31-12 |
| Legal status | |
| Tracking error limit (%) | |
| Morningstar |
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| Reference index |
Cost of this fund
{{'fund.detail.general.perDate' | labelize:[ fundDate(fund.fundCosts.managementFees.date,'llll') ]}}Ongoing charges |
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| This fund deducts ongoing charges of |
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| Management fee | ||
| Service fee | ||
Transaction costs |
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| The expected transaction costs are |
Performance fee |
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| This fund may also deduct a performance fee of |
Extra fees
| max entry fee | ||
| Max exit fee | ||
| Max sub fee | ||
| Max switch fee |
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.
