Key information
DJE - Umwelt & Werte is a global equity fund that places particular emphasis on the sustainability factors of environment, social issues and good corporate governance (ESG) when selecting stocks. Companies are considered as acting responsibly if they contribute to achieving the Paris climate targets (environment) or have a positive impact on society through products, processes or special commitment, or companies that do not have a negative impact on society or whose positive impact justifies the negative impact (social). The fund management pursues a best-in-class approach. The fund aims to achieve an appropriate increase in value, taking into account the investment and sustainability risks. The sub-fund is a product in accordance with Art. 8 of Regulation (EU) 2019/2088 of the European Parliament and of the Council of 27 November 2019 on sustainability-related disclosure requirements in the financial services sector. Further fund information pursuant to Article 10 of the aforementioned Regulation can be found on DJE's website under the heading Company/Responsible Investing.
Responsible manager since 12/11/2021
Key information
| ISIN: | LU2262057305 |
| WKN: | A2QHT5 |
| Category: | Global ESG-Focused Equity Fund (Art. 8 OVO) |
| VG/KVG: | DJE Investment S.A. |
| Fund Manager: | DJE Kapital AG |
| Risk Category: | 6 |
| 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. |
| Launch Date: | 04/01/2021 |
| Fund currency: | EUR |
| Fund Size (01/12/2022): | 16,10 Mio EUR |
| TER p.a. (30/12/2021): | 1,18 % |
| Reference Index: | |
Fees
| Management Fee p.a.: | 0,490 % |
| Custodian Fee p.a.: | 0,060 % |
ESG Data
| MSCI ESG RATING (AAA-CCC): | AAA |
| ESG-Qualityrating (0-10): | 8,792 |
| Environment Rating (0-10): | 6,505 |
| Social Rating (0-10): | 5,709 |
| Governance-Rating(0-10): | 5,972 |
| ESG rating in comparison group (0% lowest, 100% highest value): | 97,710 % |
| Peergroup: |
Equity Global
(5162 Fonds) |
| Coverage rate ESG rating: | 94,928 % |
| Weighted average CO₂ intensity (tons of CO₂ per 1 million US dollars in sales): | 83,754 |
Report date: 30/11/2022
Perfomance Chart
Performance in Percent
Risk metrics |
|
|---|---|
| Standard Deviation (2 years): | 13,14 % |
| Tracking Error (1 years): | - |
| Value at Risk (99% / 20 days): | -8,60 % |
| Maximum Drawdown (1 year): | -19,99 % |
| Sharpe Ratio (2 years): | -0,21 |
| Correlation (1 years): | - |
| Beta (1 years): | - |
| Treynor Ratio (1 years): | - |
Top Country Allocation (30/11/2022) |
|
|---|---|
| United States | 37,55 % |
| Germany | 17,67 % |
| France | 7,37 % |
| Denmark | 6,86 % |
| Finland | 5,11 % |
Asset Allocation (30/11/2022) |
|
|---|---|
| Stocks | 94,96 % |
| Cash | 5,04 % |
Investment approach
In the face of climate change, 195 countries are pursuing the goal of limiting global warming to "well below" two degrees Celsius compared to the pre-industrial era, according to the Paris Climate Change Agreement of 2015. International and national efforts - in Germany, for example, the energy turnaround - to reduce CO2 emissions are influencing economies around the globe and opening up opportunities in many sectors and thematic areas, such as energy generation through wind and solar power or through green hydrogen, energy storage, the automotive industry (keyword e-mobility), infrastructure, technology, the agricultural sector or chemicals. DJE works with MSCI ESG Research, a leading international provider of environmental, social and governance (ESG) analysis. The investment universe is screened on the basis of these filters. The fund management of DJE - Umwelt & Werte analyses the closer selection qualitatively and invests in what it considers to be the most promising stocks from an ESG point of view. The focus is on companies that have a positive impact on society and the environment. Companies are excluded if their business practices violate the United Nations' guidelines on human and labour rights or environmental protection, if they promote corruption or if they generate more than 5% of their sales through weapons, gambling, nuclear energy, coal from power plants or genetically modified seeds, for example.
Chances
- Participation in international equity market development
- Special focus on responsibly operating companies
- No regional restrictions - the focus can be placed on those regions whose capital market development is currently promising
- Stock selection is based on fundamental, monetary and market analysis - this FMM approach has proven itself for over 45 years
Risks
- Share prices can fluctuate relatively strongly due to market conditions
- The unit value can fall at any time below the purchase price at which the client acquired the unit
- The FMM method does not guarantee investment success
- Country and creditworthiness risks of the issuers
- No guarantee that responsibly operating companies will outperform the market as a whole
Monthly Commentary
Most international stock markets experienced a brilliant comeback in October after a deep red third quarter. Hopes of a less aggressive monetary policy by the central banks in the USA and Europe were an important catalyst for the soaring share prices. This was reinforced by the price of gas, which fell significantly in an October that was warmer than average. However, inflation rates, which remained very high, dashed these hopes. In the euro zone it rose to 10.7%, the highest level since the creation of the euro and in the USA to 8.2% year-on-year. In this market environment the price of the DJE -Umwelt & Werte gained 4.48%. In October the fund price performance benefited mainly from the very good results of the sectors technology (market starts to anticipate peak inflation), healthcare (strong sector and good stock selection) and financial services (especially insurance companies with very good results). In addition positive performance contributions were delivered from the sectors basic materials and telecommunications (solid, defensive sector). At the stock level the best results came from the U.S. companies Eli Lilly (pharmaceuticals) and Archer Daniels Midland (agri-food) and the South Korean technology company Samsung SDI (batteries and components for semiconductors and displays). Meanwhile the retail sector (online retail and luxury consumer goods weak) treaded water in October. Particularly disappointing among the individual stocks were the US online retailer Amazon, the French luxury consumer goods group L'Oréal and the Swiss packaging industry company SIG Combibloc. During the month the fund management increased the weighting of the sectors technology, healthcare, insurance and financial institutions. On the other hand it reduced the industrial sector (pending economic downturn). Regional the German allocation was reduced in particular, while French and US stocks were increased. The equity ratio increased to 91.94% (87.37% previous month). The cash ratio was 8.06% after 12.63%. As of month-end there were still no US dollar hedges in the fund.