The assets of this international mixed fund may be invested in both equities and bonds. Depending on the assessment, the fund may have the characteristics of an equity fund or a bond fund. The investment focus is on securities with highest liquidity and quality. The mixed fund's active risk management gives it its asset management character.
Responsible manager since inception
|Category:||Global Balanced Funds - Flexible|
|VG/KVG:||DJE Investment S.A.|
|Fund Manager:||Robert Beer Management GmbH|
|This sub-fund/fund promotes ESG features in accordance with Article 8 of the Disclosure Regulation (EU Nr. 2019/2088).|
|Type of Share:||distribution|
|Financial Year:||01.01. - 31.12.|
|Fund Size (17/05/2022):||89,54 Mio EUR|
|TER p.a. (30/12/2021):||2,03 %|
|Reference Index:||100% Euro Stoxx 50|
|Initial Charge:||5,000 %|
|Management Fee p.a.:||0,760 %|
|Custodian Fee p.a.:||0,100 %|
|Management fee p.a.:||1,000 %|
Performance Fee p.a.:
10% of the [Hurdle: exceeding 4% p.a.] unit value performance, provided 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. The first accounting period begins on 1 July 2020 and does not end until 31 December 2021, thereafter the calendar year. Payment is made at the end of the accounting period. For further details, see the sales prospectus.
Ratings & Awards (17/05/2022)
German Fund Award 2022
"Outstanding" in the category "Mixed funds global equity-oriented"
Austrian Fund Award 2022
"Outstanding" in the category "Mixed funds global equity-oriented"
€uro Fund Award 2022
2nd place over 3 years in the category "Mixed funds predominantly equities".
€uro Fund Award 2021
1st place over 1 year and 2nd place over 3 years in the category "Mixed funds predominantly equities".
|MSCI ESG RATING (AAA-CCC):||AA|
|Environment Rating (0-10):||6,553|
|Social Rating (0-10):||5,184|
|ESG rating in comparison group (0% lowest, 100% highest value):||87,030 %|
Mixed Asset EUR Flex - Global
|Coverage rate ESG rating:||98,326 %|
|Weighted average CO₂ intensity (tons of CO₂ per 1 million US dollars in sales):||158,490|
Report date: 29/04/2022
Performance in Percent vs. Reference Index
|Standard Deviation (1 years):||11,64 %|
|Tracking Error (1 years):||18,47 %|
|Value at Risk (99% / 20 days):||-7,47 %|
|Maximum Drawdown (1 year):||-9,35 %|
|Sharpe Ratio (1 years):||0,26|
|Correlation (1 years):||0,26|
|Beta (1 years):||0,28|
|Treynor Ratio (1 years):||11,08|
Top Country Allocation (29/04/2022)
|United States||33,20 %|
Asset Allocation (29/04/2022)
The RB LuxTopic – Flex pursues a flexible investment strategy with international blue chip shares. Hedging strategies may be implemented as risk control. Bonds and precious metals like gold can be added to the portfolio if an investment seems to be profitable in the current market environment. The most important yield components are international shares that offer a stable market position, a strong brand, a sound substance and a high profitability. In order to reduce downward trends hedging strategies may be used. Thus the investment will be able to start from a higher level into the upward trend. The aim is to participate in the development of large international holdings as well as to face risks and opportunities on the capital market flexible.
- Active risk management gives the fund asset management characteristics
- Growth opportunities of Europe's top global companies
- Efficient mixture of equities and bonds
- Issuer country, credit and liquidity risks
- Price risks of bonds when interest rates rise
- Equities may be subject to significant price falls
April was a difficult month for the stock markets. In the USA the American technology stock market, measured by the Nasdaq 100, slumped by -13.26% in US dollar terms (euro: -8.88%) and thus suffered the highest monthly loss since the stock market crash in October 2008; the broad US index S&P 500 fell by -8.80% in US dollar terms (euro: -4.19%) and thus - viewed over the first four months - had its worst start to the year since 1939. The German DAX index fell by -2.20%, slightly more than the broad European index Stoxx Europe 600, which fell -1.20%. Overall global equities as measured by the MSCI World corrected by -3.81. A whole series of risk factors weighed on the stock markets: the war in Ukraine and fears of further escalation weighed on sentiment and increased the pessimism of the investors. Russia stopped gas deliveries to Poland and Bulgaria. This triggered concerns, primarily in Germany, that it too would soon be cut off from Russian gas even before alternatives could be found. Energy prices remained high accordingly - the price of a barrel oil (Brent) rose 1.3% to 109.4 US dollars. The fact that energy prices did not rise even further was mainly due to China sticking to its zero-Covid strategy. Corona outbreaks in the capital Beijing and the megacities Guangzhou and Hangzhou led to mass tests of the population to avoid a lockdown ordered by the authorities in the metropolis Shanghai. The result was traffic jam of container ships in the world's busiest container port putting further strain on already strained global supply chains. The price pressure on energy, commodities and food remained high in April. In the euro area inflation reached 7.5% compared to April 2021, the highest price since the creation of the common currency and in the USA it rose to 8.5% (in March), the highest price since 1981. Due to the tense global supply chains and the war in Ukraine experts do not expect any easing in the coming months either. Inflation intensified the pressure on central banks. Market participants expected the US Federal Reserve to raise key interest rates by 50 basis points to a range of 0.75-1.0%. The majority of the market also expected a further hike in height of 50-75 basis points in June and a key interest rate of 2.50-2.75% at the end of the year. The European Central Bank has so far left its key interest rates at 0.0%, but ECB President Christine Lagarde said they are "very much on the way to normalizing" monetary policy. Forecasts call for a first hike in height of 25 basis points in July and three more rate hikes at this level could follow by the end of the year. The high interest rate expectations and the growing national debt burdened the bond market. Interest rates on ten-year German government bonds rose from 0.55% to 0.94%, and their US counterparts yielded 59 basis points higher at 2.93% as of the end of April. The price of a troy ounce of gold fell slightly by -1.76% to US$ 1,897.96.