Innovation World Large Caps by AMG
Fund size USD 32.7m
Past performance is not a reliable indicator of future performance. Please note that the aforementioned performance is shown in the fund currency USD (US Dollar) and not Euro and therefore currency influences in investment currencies other than the fund currency are not taken into account in the performance shown.
The equity fund invests globally («developed markets» only) in 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 / ESGBrief profile: Innovation World Large Caps by AMG Fund
Invest in innovation champions worldwide and rely on profitable innovation leaders!
Breakdown by sectors
Breakdown by currencies
Breakdown by countries
Comment May 2023
The Innovation World Large Caps fund did not quite keep pace with the development of the global stock markets.
Koei Tecmo Holdings Co, Ltd. is a Japan-based video game, entertainment media, and anime (cartoon) company. The group is one of the world's leading digital entertainment companies and is known for award-winning games in a variety of genres including action, simulation, and role-playing games.
The focus on innovation is to develop new video games and their titles to offer a wide range of products. With the console game "Nioh", Koei Tecmo has proven its ability to bring IPS-based innovations to the market. Nioh is a game inspired by Asian worlds and uses IPS (in-plane switching) technology for accurate color and image reproduction from any viewing angle. In simulation games, they use artificial intelligence to develop game strategies and tactics but also to portray personalities. In addition to its expertise in development and technology, Koei Tecmo is also focused on expanding its gaming business globally, including slot machines, as well as operating its own entertainment parks.
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.
| Domicile of fund | Luxembourg |
|---|---|
| Legal form | SICAV (UCITS V) |
| Investment universe | Global (Developed Markets) |
| Investment manager | Serafin Asset Management Ltd, Zug |
| Management company | VP Fund Solutions (Luxembourg) SA, Lux |
| Custodian bank | VP Bank (Luxembourg) SA, Lux |
| Launch date | 17.12.2019 |
| Recommended investment horizon | 5 years |
| Reference currency | USD |
| ISIN / Bloomberg-Ticker (respective Tranche) | A USD: LU2084863575 / GIIWLCA LX B CHF-hedged: LU2084868962 / GIIWLCB LX C USD: LU2084869424 / GIIWLCC LX E EUR-hedged: LU2127862683 / GLWLAEE LX G EUR-hedged: LU2127862840 / GLWLAGE LX |
| Distributions | accumulating |
| Subscription and redemption | daily (cut-off 12.00 CET) |
| Tax transparency | CH, AT |
| Tax status Germany | Equity fund pursuant to InvStG with partial exemption |
| Registered for public distribution | CH, DE, AT, LUX, UK |
Gebührenstruktur
| Subscription and redemption fee | none |
|---|---|
| Management fee p.a. | Tranche A USD: 1.04% Tranche B CHF-hedged: 1.04% Tranche C USD: 1.54% Tranche E EUR-hedged: 1.04% Tranche G EUR-hedged: 1.54% |
| MiFID fee for third party research p.a. | 0.04% |
| Total expense ratio p.a. (per 31.03.2022; TER) | Tranche A USD: 1.48% Tranche B CHF-hedged: 1.48% Tranche C USD: 1.97% Tranche E EUR-hedged: 1.48% Tranche G EUR-hedged: 1.98% |
| Duration | Fund | MSCI World ETF |
|---|---|---|
| 1 month | 1.1% | 1.3% |
| 3 months | -3.8% | 2.1% |
| 12 months | 9.4% | 13.0% |
| 3 years p.a. | 4.8% | 10.9% |
| since inception p.a. | 5.0% | 7.5% |
| Year | ||
| 2023 | 4.8% | 10.2% |
| 2022 | -15.9% | -18.8% |
| 2021 | 15.7% | 22.4% |
| 2020 | 16.0% | 16.3% |
| 2019 | 0.2% | 0.8% |
| since inception | 18.5% | 28.3% |
Risk ratios (rolling over the last 3 years)
| Volatility (p.a.) | 18.7% |
|---|---|
| Sharpe ratio (1.22% Risk free rate) | 0.25 |
| Beta (vs. MSCI World ETF) | 0.93 |
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.