Investors benefit from the long-term performance of global equity markets, Berenberg's equity expertise and the relatively defensive nature of the fund. The fund management team invests in high-quality companies that is capable of generating above-average and sustainable earnings growth over a long period of time. Invested companies share common features, such as strong structural growth drivers, a differentiated market position, solid balance sheets and successful management teams. To reduce the volatility of the portfolio, the equity investment level is managed around a neutral quota of 90% in line with the published market view of Berenberg investment strategists. Finally, alternative investments are added selectively for diversification.
- Participation in global growth opportunities and trends
- Diversified portfolio with active management of the investment level and addition of alternative investments
- Long-term investment horizon and low portfolio turnover
- Benchmark-agnostic selection
|Issue price||79.60 EUR|
|Redemption price||75.45 EUR|
|Fund volume||152.33 Mio. EUR|
|Share class volume||74.36 Mio. EUR|
|Asset Manager||Joh. Berenberg, Gossler & Co. KG|
|Management company||Universal-Investment-Gesellschaft mbH|
|Custodian||State Street Bank International GmbH|
|Use of income||Accumulating|
|End of financial year||31.12.|
|Registration and Distribution||DE, AT, CH|
(Sustainable Finance Disclosure Regulation)
|Issue surcharge||Up to 5.50%|
|Total Expense Ratio (TER) p.a.||1.49%|
|Administration fee p.a.||0.40%|
|Custodian fee p.a.||0.10%|
|Management fee p.a.||1.25%|
Performance in 12 month
Source: Berenberg, Management company
The charts and tables regarding performance shown here are based on own calculations according to the method developed by the German Investment Funds Association (BVI). They illustrate past performance. Future performance can deviate both positively and negatively from these calculations. Gross performance (BVI method) takes into account all charges at fund level (e.g. management fee), net performance plus the issue surcharge. Additional charges can arise for individual investors (e.g. custody account fees, commissions and other fees). Model calculation (net): An investor wants to purchase fund units for EUR 1,000 EUR. Considering a max issue surcharge of 5.50% he has to payEUR 55.00 for the purchase. Also, fees may be charged for the administration of the safe custody account, which will lower the performance. Past performance is not a reliable indicator of future performance.
Performance after issue surcharge (As of: 27.01.2022)
|Max. Drawdown 5 years||-29.43%|
Source: Berenberg, Management company
|Volatility - 1 year||12.43%|
|Volatility - 3 years||14.19%|
|Sharpe Ratio - 3 years||1.13|
|Maximum Drawdown - since inception||-42.30%|
Monthly market comment
Mastercard's stock benefited from news that the disease progression of the new Omikron variant should be less critical. Accordingly, this could support the still sluggish travel business in the medium term. Boston Scientific's share price recovered noticeably in December. The share price previously suffered from investor concerns that the Delta variant could have a negative impact on the company's fourth quarter. This concern subsided again in December. WuXi Biologics came under pressure after speculation of regulatory action by U.S. government agencies. These did not materialize, but the stock recovered only part of its losses. GoodRx was weaker in December due to concerns around the impact of the Corona virus on demand for prescription drugs.
Kay Eichhorn-Schott has been a portfolio manager at Berenberg since October 2017. Kay started his professional career in October 2015 when he joined Berenberg’s international graduate programme and worked in the Wealth and Asset Management division in London. Kay holds a BSc in Business Administration and a MSc in Finance and studied at EBS Business School, Germany, University of Bath, UK, and Texas A&M University, USA. In addition, he is a CFA charterholder.
Martin Hermann has been Portfolio Manager at Berenberg since October 2017 and is responsible for the Berenberg Global Focus Fund as well as the VV AktienStrategie Global. He began his career in 2010 as an Investment Trainee of the Graduate Program at Allianz Global Investors, where he served as a Portfolio Manager and Vice President within the award-winning "Europe Equity Growth Team". His responsibilities included deputy fund management of the International Equity Growth Fund. Martin Hermann holds a Master in Investment Analysis and Corporate Finance from the University of Vienna and is CFA Charterholder.
The fund does not actively manage its carbon footprint, however, emissions data such as CO2 intensity are relevant parameters which can be used to assess the efficient management of a company and the extent of transition risks.
The data provider MSCI ESG uses an ESG score of 0 to 10 to assess the management of material ESG risks of portfolio holdings compared to competitors.
ESG Controversies Screen
Investments in the fund are monitored for ESG controversies and, with the help of MSCI ESG data, flagged according their severity. Thereby, potential ESG risks of investments are identified. In the case of an orange flag (severe controversy), we enter into an active exchange with the company. In the case of a red flag (very severe controversy), the company is excluded.