Investment Strategy
The fund management invests in high-quality companies that should be able to generate above average and sustainable earnings growth over a long period of time. The key selection criteria are high barriers to entry, end-markets with structural growth and excellent management teams.
- Investment in global growth companies of all sizes
- Concentrated portfolio of approximately 30 stocks
- Active and benchmark-agnostic approach
- Long-term investment horizon
Learn more about our investment philosophy in equity fund management
Further details on the opportunities and risks of this fund can be found in the sales prospectus.
Indexed performance
Performance in 12-month periods
Currencies
Sectors
Countries
Asset classes
Top Holdings
Monthly market comment
Mastercard reported strong figures, as the volume of payments processed increased faster than expected. The development of payments beyond national borders was particularly positive. ServiceNow was able to present good quarterly figures, whereupon the share price rose strongly. However, the company continues to be in a challenging economic environment. The shares of amazon suffered from a weaker outlook for the fourth quarter. The company expects weaker demand in the e-commerce sector during the Christmas season. Meta's shares sold off sharply after the quarterly figures, as the cost trend for next year is higher than expected. However, the positive aspects were drowned by the exaggerated share price development.
Portfolio Management
Martin Hermann
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.
Kay Eichhorn-Schott
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.
Matthias Born
Matthias Born is the head of Berenberg's equity fund management since 2017 and is also Head of Investments at Germany's oldest private bank since 2019. He is responsible for the investment platform in the Wealth & Asset Management division and in his Equities role he built up a team of specialists for European and Global Equities, with strong expertise in the Small Caps segment. The growth-oriented equity funds Berenberg European Focus Fund and Berenberg Eurozone Focus Fund are under his leadership and have clearly outperformed the benchmark since their launch. He started his career in 2001 at Allianz Global Investors (AGI), where he managed portfolios for European small caps, European growth stocks and German equities from 2002 to 2017. He has grown two very successful equity franchises over the 16 years at AGI. Matthias Born has an excellent track record over almost two decades in these segments and has received several awards for his outstanding and consistent performance. He studied at the University of Wuerzburg and holds a degree in Business Administration.
Consideration of ESG Elements
Identifying companies and business models that will be successful in the long term is the basis for good investment decisions. Environmental, Social and Governance (ESG) factors are key factors in decision making and are therefore integral
components of the investment process.
CO₂-Intensity
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.
ESG Score
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.
