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 01/01/2023
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: | 4 |
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: | 04/01/2021 |
Fund currency: | |
Fund Size (27/03/2024): | 13,76 Mio |
TER p.a. (29/12/2023): | 1,24 % |
Reference Index: | - |
Fees
Management Fee p.a.: | 0,490 % |
Custodian Fee p.a.: | 0,060 % |
Advisory Fee p.a.: | 0,26 % |
Ratings & Awards (27/03/2024)
Morningstar*: |
|
Awards: €uro Eco Rating A Finanzen Verlag, Mountain View Q3 2023 |
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): | 8,267 |
Environment Rating (0-10): | 6,414 |
Social Rating (0-10): | 6,128 |
Governance-Rating(0-10): | 6,243 |
ESG rating in comparison group (0% lowest, 100% highest value): | 98,130 % |
Peergroup: |
Equity Global
(5547 Fonds) |
Coverage rate ESG rating: | 100,000 % |
Weighted average CO₂ intensity (tons of CO₂ per 1 million US dollars in sales): | 45,520 |
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 (2 years): | 12,70 % |
Tracking Error (1 years): | - |
Value at Risk (99% / 20 days): | -7,91 % |
Maximum Drawdown (1 year): | -8,47 % |
Sharpe Ratio (2 years): | 0,40 |
Correlation (1 years): | - |
Beta (1 years): | - |
Treynor Ratio (1 years): | - |
Top Country Allocation (29/02/2024) |
|
---|---|
United States | 61,63 % |
Ireland | 7,13 % |
France | 6,32 % |
Netherlands | 3,67 % |
Germany | 3,03 % |
Asset Allocation (29/02/2024) |
|
---|---|
Stocks | 98,53 % |
Cash | 1,47 % |
Investment strategy
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
The stock markets maintained their momentum from the previous month in February and performed very favourably. A key performance driver behind this was the markets' continued enthusiasm surrounding the topic of artificial intelligence. In addition, quarterly figures were mostly good, data from the US labour market was robust and purchasing managers' indices in the US rose, signalling an expansive economy. However, the US inflation data was higher than expected, meaning that expectations of the US Federal Reserve lowering key interest rates in the near future proved to be premature. In the eurozone, on the other hand, inflation continued to fall and only the Purchasing Managers' Index for services left the recessionary zone. By contrast, its counterpart for the manufacturing industry sank even lower. The DJE - Umwelt & Werte gained 3.54% in this market environment. Most sectors within the global equity index MSCI World performed positively. The biggest gains came from the retail, automotive, media and technology sectors. By contrast, the basic materials, telecommunications and food & beverages sectors performed negatively. The strongest gains in the fund came from the basic materials, consumer discretionary and industrial sectors. In contrast, the telecommunications, energy and non-cyclical consumer sectors performed disappointingly. Over the course of the month, the fund management increased the weighting of the technology, industrial and healthcare sectors, among others, and reduced the energy and telecommunications sectors, among others. The equity allocation remained virtually unchanged at 98.53% (previous month: 98.90%). Liquidity rose accordingly to 1.47%.