Key information
The Systematic Return strategy aims at share-based earnings. This strategy enables investors to participate in the profits of companies over the long term, with lower long-term risk parameters than with individual investments.
Responsible manager since 01/04/2015
Key information
ISIN: | LU1181278976 |
WKN: | A14M9N |
Category: | Fund EUR Flexible Allocation - Global |
VG/KVG: | DJE Investment S.A. |
Fund Manager: | Robert Beer Management GmbH |
Risk Category: | 3 |
This sub-fund/fund promotes ESG features in accordance with Article 8 of the Disclosure Regulation (EU Nr. 2019/2088). | |
Type of Share: | |
Financial Year: | 01.01. - 31.12. |
Launch Date: | 01/04/2015 |
Fund currency: | |
Fund Size (27/03/2024): | 6,19 Mio |
TER p.a. (29/12/2023): | 2,67 % |
Reference Index: | - |
Fees
Initial Charge: | 5,000 % |
Management Fee p.a.: | 0,760 % |
Custodian Fee p.a.: | 0,090 % |
Management fee p.a.: | 1,000 % |
Performance Fee p.a.: 10% of the [Hurdle: exceeding 12 months Euribor] unit value development, provided that the unit value at the end of the settlement period is higher than the highest unit value at the end of the previous settlement periods of the last 5 years [High Water Mark Principle]. The settlement period begins on 1 January and ends on 31 December of a calendar year. Payment is made at the end of the accounting period. For further details, see the sales prospectus. |
Ratings & Awards (27/03/2024)
Morningstar*: |
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All ESG information presented here relates to the fund portfolio shown and is sourced from MSCI ESG Research, a leading provider of environmental, social and governance analysis and ratings.
MSCI ESG RATING (AAA-CCC): | AA |
ESG-Qualityrating (0-10): | 8,038 |
Environment Rating (0-10): | 6,905 |
Social Rating (0-10): | 5,641 |
Governance-Rating(0-10): | 6,223 |
ESG rating in comparison group (0% lowest, 100% highest value): | 99,280 % |
Peergroup: |
Mixed Asset EUR Flex - Global
(1528 Fonds) |
Coverage rate ESG rating: | 98,761 % |
Weighted average CO₂ intensity (tons of CO₂ per 1 million US dollars in sales): | 87,503 |
Portfolio allocation according to ESG rating of individual securities
Report date: 29/02/2024
- is proprietary to Morningstar and/or ist content providers may not be copied or distributed and is not warranted ob e accurate, complete or timely. Neither Morningstar nor ist content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
Perfomance Chart
Performance in Percent
Risk metrics (27/03/2024) |
|
---|---|
Standard Deviation (1 years): | 6,65 % |
Tracking Error (1 years): | - |
Value at Risk (99% / 20 days): | -4,11 % |
Maximum Drawdown (1 year): | -3,67 % |
Sharpe Ratio (1 years): | 1,12 |
Correlation (1 years): | - |
Beta (1 years): | - |
Treynor Ratio (1 years): | - |
Top Country Allocation (29/02/2024) |
|
---|---|
Germany | 31,92 % |
France | 28,33 % |
Netherlands | 13,86 % |
Spain | 5,90 % |
Italy | 3,47 % |
Asset Allocation (29/02/2024) |
|
---|---|
Stocks | 82,98 % |
Cash | 15,98 % |
Funds | 1,04 % |
Investment strategy
RB LuxTopic - Systematic Return has a clearly structured investment process. It is based on the three building blocks:
F undamental
S ystematic
R isikoadjusted
F undamental - European top companies
RB LuxTopic - Systematic Return invests in large European groups with strong brands and a stable market position. These companies are often market leaders. They operate globally and generate their earnings not only in Europe, but worldwide. Above all, they are characterized by strong substance, high earnings power, steady growth and attractive dividends.
S ystematic - Systematic Stock Selection - Algorithm
A systematic selection process selects the strongest-trending stocks from the given stock spectrum. The aim of this algorithm is to overweight stronger long-term companies and to underweight or sort out underperforming stocks.
R isikoadjusted - Active Risk Management
Active risk management can be used. If the setback in a falling stock market is smaller due to risk reduction, the investment starts from a higher level when the stock market later rises again.
Chances
- Stable investment concept, proven in many stock market phases
- Intelligent investment strategy that systematically adapts to the current situation on the markets
- Special expertise of the company, as a specialist in systematic and risk-adjusted strategies
Risks
- Shares bear the risk of stronger price declines
- Price risks of bonds in the event of rising interest rates
- Country, credit and liquidity risks of issuers
Monthly Commentary
The stock markets maintained their momentum from the previous month in February and performed very favourably. The German share index DAX reached a record high and rose by 4.58%. The broad European index Stoxx Europe 600 was slightly weaker with a gain of 1.84%. The broad US S&P 500 index was significantly stronger, rising by 5.66% and topping 5,000 points for the first time. The biggest gain in February came from the Far East: Hong Kong's Hang Seng Index climbed by 6.97%. Overall, equities, as measured by the global MSCI World, rose by 4.60% - all index figures in euro terms. A key performance driver behind this was the continuing enthusiasm of the markets around the topic of artificial intelligence. The major US technology companies grouped under the "Magnificent Seven" presented strong figures and fuelled the share rally. This was complemented by very robust data from the US labour market, with an increase of over 350,000 new jobs and an unemployment rate that remained stable at 3.7%. And the US Purchasing Managers' Index for the manufacturing sector rose to 52.5 points in February (previous month: 50.7), well above the threshold value of 50, which indicates an expanding economy. Its counterpart for services had already jumped from 50.5 to 53.4 points in January, and economists are expecting a further increase in February. However, inflation in the USA was 3.1% in January (experts had expected a fall to 2.9%) and core inflation was 3.9% compared to the same month last year, proving to be more stubborn than hoped. In view of the positive economic data, a recession in the USA should no longer be an issue in this cycle. On the one hand, the US Federal Reserve wants to avoid a recession, but on the other hand it wants to bring inflation towards its target of 2.0%. If this trend continues, key interest rates are likely to be cut later - possibly not until June - and not as often as expected. If inflation does not fall to 2.0% permanently, the Fed is likely to stop cutting interest rates again. In the eurozone, the Purchasing Managers' Index for services rose from 48.4 to 50 points, leaving the recessionary zone. However, the index for the manufacturing sector fell unexpectedly from 46.6 to 46.1 points in February. The eurozone economy is therefore likely to continue to tread water in the first quarter of 2024. In line with this, the German ifo business climate index is also stagnating at a low level; expectations are pessimistic, particularly in the manufacturing sector, and the order situation is declining. The rate of inflation in the eurozone rose by just 2.6% in February compared to the same month last year - in January it was 2.8%. This means that inflation is moving in the direction desired by the European Central Bank. If the inflation rate continues to approach the 2% inflation target in the coming months, the ECB is likely to cut interest rates. This would be the first rate cut since March 2016, but it was noticeable on the bond markets that expectations of interest rate cuts were already premature at the start of the year. Yields on high-quality government and corporate bonds rose noticeably. At 2.41%, 10-year German government bonds yielded 25 basis points higher, while their US counterparts were 34 basis points higher at 4.25%. The price of a troy ounce of gold rose by 0.23% to USD 2,044.30.