ALPORA Innovation Europe
Fund size EUR 207.3m
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
Portfolio Management
- Patrick Hofer
- Portfolio Management
Client Relationship Management
Serafin Innovation Hub
- Dr. Julian Kauffeldt
- Head of Innovation Investment Products
Serafin Innovation Hub
- Dr. Niklas Bayrle
- Investment Specialist
Serafin Innovation Hub - niklas.bayrle[at]serafin-am.com
- +41 (41) 726 71 71
Serafin Innovation Hub
- Dr. Julian Kauffeldt
- Head of Innovation Investment Products
Serafin Innovation Hub
- Dr. Niklas Bayrle
- Investment Specialist
Serafin Innovation Hub
Learn more about the ESG fund classification
Sustainability / ESG
Brief profile:
ALPORA Innovation Europe Fund
Invest in European innovation champions and rely on profitable innovation leaders!
Publications
TWO PAGER | INNOVATION
Breakdown by sectors
Breakdown by currencies
Breakdown by countries
Comment November 2023
The ALPORA Innovation Europe Fund has made strong gains since the end of October. The comparable MSCI Europe ETF ended the month under review slightly better than the fund.
The Spanish company Acerinox S.A. is one of the largest flat steel manufacturers in the world and specializes in the production of stainless steel and high-performance alloys.
Acerinox is actively committed to innovation and sustainability. The company participates in projects aimed at developing new products and processes. On the one hand, to contribute to the circular economy (reuse) and on the other hand, to meet the requirements of the hydrogen economy. Several projects were launched in 2022, including the use of stainless steel to produce renewable hydrogen and the use of hydrogen as a fuel in factory furnaces. The aim of the project is to develop a new, more sustainable steel for the hydrogen economy that can withstand the harshest working conditions even in the liquid state of hydrogen.
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 30.06.2023; TER) | Tranche EUR A: 1.25% Tranche EUR B: 1.75% Tranche CHF-hedged: 1.25% |
| Duration | Fund | MSCI Europe ETF |
|---|---|---|
| 1 month | 4.5% | 6.4% |
| 3 months | -2.2% | 1.0% |
| 12 months | -2.2% | 8.1% |
| 3 years p.a. | 3.9% | 9.3% |
| 5 years p.a. | 10.7% | 8.0% |
| since inception p.a. | 11.4% | 6.1% |
| Year | ||
| 2023 | 4.4% | 11.5% |
| 2022 | -23.3% | -9.1% |
| 2021 | 31.4% | 24.9% |
| 2020 | 20.0% | -3.2% |
| 2019 | 42.7% | 27.8% |
| since inception | 169.6% | 71.9% |
Risk ratios (rolling over the last 3 years)
| Volatility (p.a.) | 18.5% |
|---|---|
| Sharpe ratio (0.77% Risk free rate) | 0.19 |
| Beta (vs. MSCI Europe ETF) | 1.19 |
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.