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Rolinco EUR G

Reference index: MSCI All Country World Index (Net Return, EUR)
ISIN: NL0010510798
  • 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 payingYes

About this fund

Rolinco 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 trends. Rolinco invests in minimum three and maximum four different growth trends. The fund then invest directly into stocks of companies that have as pure as possible exposure to one of these trends.

Price development

No performance data available

Price development

Rolinco EUR G

Performance

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Fund Reference index
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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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Above mentioned ratios are based on gross of fees returns.
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Above mentioned ratios are based on gross of fees returns.
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Dividend paying history

Date Amount

Market development

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Sentiment amongst equity investors reversed in August as the stronger inversion of the US yield curve made investors worry that the economy is heading for a recession. While PMIs and other sentiment indicators globally were already signaling an industrial recession, a renewed deterioration in trade relations between the US and China added more fuel to the fire, with corporate capex intentions continue to moving down. For the first time the US also imposed tariffs on Chinese tech and consumer goods, hurting US consumers. This added to geopolitical issues that investors are already facing. Over August, the MSCI All Country World Index only fell 1.3% in EUR and it is now up 18.1% since the start of the year. Emerging markets lagged this index with China and Hong Kong very weak in local currencies. The Chinese currency fell 3.5%. Developed markets were also all down, with Japan the weakest. Eurozone markets performed in line, while Wall Street lagged.

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

Rolinco pays out dividends received from the investments in stocks.

ESG Integration policy

Rolinco 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

Rolinco's 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 Rolinco has selected are Digitalization', 'The emerging middle-class', 'The Industrial Renaissance' and 'Getting old and staying healthy'. Rolinco 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.

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.

Henk Grootveld, Marco van Lent & Vera Krückel, CFA
Henk Grootveld, Marco van Lent & Vera Krückel, CFA

Henk Grootveld, Marco van Lent & Vera Krückel, CFA

Henk Grootveld, Executive Vice President, is head of the Trends Investing Equity team. He is manager of Robeco Global Growth Trends since November 2013 and manager of Rolinco since 2009. Henk Grootveld joined Robeco in 2001 and has been head of the Financials team, head of the European team, head of the Consumer Staples team and a member of the North American Equities team. Prior to joining Robeco, Mr. Grootveld was employed by Aegon Asset Management as a portfolio manager European Equities and at ING Barings as an equity strategist. Henk holds a Master's degree in Operation Research/ Econometrics From Erasmus University in Rotterdam. Marco van Lent is a member of the Robeco Trends Investing Equity team since December 2010 and since November 2013 portfolio manager of Robeco Global Growth Trends/ Rolinco. 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
ISINNL0010510798
BloombergROLEURG NA
Valoren22236538
WKNA1W9HH
Availability
1st quotation date1380067200000
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
Service fee

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 the Netherlands. The fund is managed as a 'naamloze vennootschap' (public limited company). The fund has the status of 'tax-exempt investment institution' in the sense of article 6a of the Dutch Corporate-Income Tax Act 1969, and, as such, is exempt from corporate-income tax. The fund is also exempt from withholding Dutch dividend tax on its dividend distributions. In principle the fund cannot use the Dutch treaty network to reduce any foreign withholding tax, nor can it recover any Dutch dividend tax on its income.

Fiscal treatment of investor

For private investors residing in the Netherlands real interest and dividend income or capital gains received on their investments are not relevant for tax purposes. Participating units held by private investors who are taxpayers in the Netherlands belong in Box 3. If and insofar as an investor's net assets exceed the net wealth exemption limit, said investor is liable from 1 January to pay 1.2% annually on the balance of his or her net assets. Investors who are subject to Dutch corporate-income tax will be taxed for the result achieved on their investment in the fund. This result can consist of realized current income, and realized and unrealized capital gains. For Dutch corporate-income tax purposes, the shares or participating units must be valued at market value in the balance sheet and dividends received must be included in the taxable result. Investors who are not subject to (exempt from) Dutch corporate-income tax (e.g. pension funds) are not taxed on the achieved result. Investors residing outside the Netherlands are subject to their respective national tax regime applying to foreign investment funds. The above is based on the current fiscal legislation and regulations in the Netherlands. 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.

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.

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