ALPORA Innovation Europe
Fund size EUR 225.1m
Past performance is not a reliable indicator of future performance.
The equity fund invests in Western European listed companies with above-average innovation efficiency. The fund invests across all sectors, with the exception of «utilities» and «financials». The investment process consists of a two-step procedure. As a first step, the innovation efficiency of the companies within the investment universe is measured and compared using a scientifically based quantitative method. In the subsequent step, the portfolio is constructed by selecting around 30 stocks based on our own proprietary fundamental analysis.
Portfolio Management
- Patrick Hofer
- Portfolio Management
Client Relationship Management - patrick.hofer[at]serafin-am.com
- +41 (41) 726 71 76
- Christian Bader
- Portfolio Management
Research - christian.bader[at]serafin-am.com
- +41 (41) 726 71 70
Portfolio Management
- Patrick Hofer
- Portfolio Management
Client Relationship Management
- Christian Bader
- Portfolio Management
Research
Learn more about the ESG fund classification
Sustainability / ESGAwards
Brief profile: ALPORA Innovation Europe Fund
Invest in European innovation champions and rely on profitable innovation leaders!
Breakdown by sectors
Breakdown by currencies
Breakdown by countries
Comment May 2023
The ALPORA Innovation Europe fund closed the reporting month of May slightly lower, in line with European equity markets.
Borregaard ASA is a Norwegian company that operates sustainable biorefineries. It offers lignin-based biopolymers that provide a renewable, wood-based alternative to fossil-based chemicals and polymers. The company also offers specialty cellulose and bioethanol and is the world's only producer of bio vanillin for food.
Borregaard's innovation focus is on developing sustainable biochemicals and biomaterials to replace petroleum-based products. Lignin-based biopolymers play a central role as a renewable, wood-based alternative. The company also invests in research and development activities carried out in research centers in Norway, Spain, South Africa, and the United States.
In view of the sustainability megatrend, the company is continuously searching for new bio-based raw materials and products with an excellent environmental profile. This also serves the incremental further development of the biorefinery concept.
ESG implementation:
We take ESG aspects into account in the financial analysis and investment decision-making process, applying a combination of exclusion criteria and ESG integration approach in the investment process. The abbreviation ESG stands for "Environmental - Social - Governance".
For the analysis within the sustainability approach, we rely on data from selected third-party providers and, if necessary, on our own analyses. The analysts and portfolio management teams are responsible for both the financial analysis and the ESG analysis. In this way, we ensure that the assessment and implementation are carried out on a recurring basis by the decision-makers in the respective fund as part of a comprehensive and integrated investment process.
In our investment process, we do not per se exclude investments in companies with weaker ESG ratings: Companies that address the issue of sustainability convincingly and consistently can be interesting portfolio companies.
Latest ESG reporting:
- Classification with regard to U.N. Global Compact Ten Principles:
All portfolio companies in the fund comply with the U.N. Global Compact Ten Principles. - Current portfolio structure using the ESG Risk Rating (by Sustainalytics):
The above fund is a financial product within the meaning of Article 8 of Regulation (EU) 2019/2088 (Disclosure Regulation).
For more information on the fulfillment of environmental and/or social characteristics, please refer to the fund prospectus.
Sustainability-related disclosures
| Domicile of fund | Switzerland |
|---|---|
| Legal form | Contractual investment fund |
| Investment universe | Europe |
| Investment manager | Serafin Asset Management Ltd, Zug |
| Management company | LLB Swiss Investment Ltd, Zurich |
| Custodian bank | Bank J. Safra Sarasin Ltd, Basel |
| Launch date | 01.10.2014 |
| Recommended investment horizon | 5 years |
| Reference currency | EUR |
| ISIN / Bloomberg-Ticker (respective Tranche) | EUR A: CH0248877885 / ALPIEUR SW EUR B: CH0436491234 / ALPIEUB SW CHF-hedged: CH0302271066 / ALPICHF SW |
| Distributions | accumulating |
| Subscription and redemption | daily (cut-off 09.00 CET) |
| Tax transparency | CH, AT |
| Tax status Germany | Equity fund pursuant to InvStG with partial exemption |
| UK Tax Reporting Status | Tranche EUR A |
| Registered for public distribution | CH, DE; SGP (acccr. investors only) |
Gebührenstruktur
| Subscription and redemption fee | none |
|---|---|
| Management fee p.a. | Tranche EUR A: 1.00% Tranche EUR B: 1.50% Tranche CHF-hedged: 1.00% |
| MiFID fee for third party research p.a. | 0.04% |
| Total expense ratio p.a. (per 31.12.2022; TER) | Tranche EUR A: 1.25% Tranche EUR B: 1.75% Tranche CHF-hedged: 1.24% |
| Duration | Fund | MSCI Europe ETF |
|---|---|---|
| 1 month | 0.7% | 0.7% |
| 3 months | 0.8% | 1.0% |
| 12 months | 6.9% | 15.2% |
| 3 years p.a. | 10.1% | 11.8% |
| 5 years p.a. | 8.6% | 6.6% |
| since inception p.a. | 12.3% | 6.2% |
| Year | ||
| 2023 | 5.8% | 9.1% |
| 2022 | -23.3% | -9.1% |
| 2021 | 31.4% | 24.9% |
| 2020 | 20.0% | -3.2% |
| 2019 | 42.7% | 27.8% |
| since inception | 173.1% | 68.3% |
Risk ratios (rolling over the last 3 years)
| Volatility (p.a.) | 19.2% |
|---|---|
| Sharpe ratio (0.07% Risk free rate) | 0.54 |
| Beta (vs. MSCI Europe ETF) | 1.11 |
The gross performance takes into account the costs incurred at fund level (e.g. management fee) without including the costs incurred at investor level (e.g. front-end load and custody fees). The net performance also takes into account an initial sales charge of 0.00% in the first period under review.