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
Indexed performance
Performance in 12-month periods
Currencies
Sectors
Countries
Asset classes
Top Holdings
Monthly market comment
Mastercard gained after solid Q2 results, a rebound in travel activity and increased transaction volumes. Microsoft shares also climbed in July on the back of a double-digit revenue and earnings growth forecast for the coming year. Danaher reported strong quarterly numbers. The company was able to grow despite the fading of the COVID tailwind. Shares in Netcompany lagged the positive market trend in July without any notable news. Weaker customer numbers and a reduction in the full-year outlook led to sell-offs at HelloFresh. ServiceNow was also among the weaker performers in July. CEO Bill McDermott expressed caution about the economic environment in a CNBC interview.
Portfolio Management
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 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 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.
