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
|Issue price||146.09 EUR|
|Redemption price||139.13 EUR|
|Fund volume||137.37 Mio. EUR|
|Share class volume||27.32 Mio. EUR|
|Asset Manager||Joh. Berenberg, Gossler & Co. KG|
|Management company||Universal-Investment-Luxembourg S.A.|
|Custodian||State Street Bank Luxembourg S.C.A.|
|Use of income||Accumulating|
|End of financial year||31.12.|
|Registration and Distribution||DE, AT, CH, LU, ES|
(Sustainable Finance Disclosure Regulation)
|Issue surcharge||Up to 5.00%|
|Management fee p.a.||1.50%|
|Custodian fee p.a.||0.10%|
|Total Expense Ratio (TER) p.a.||1.65%|
Performance in 12-month periods
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 5.00% he has to payEUR 50.00 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
Source: Berenberg, Management company | State: 27 Sep 2022
|Volatility - 1 year||24.77%|
|Volatility - 3 years||22.94%|
|Sharpe Ratio - 3 years||0.20|
|Maximum Drawdown - since inception||-36.23%|
Monthly market comment
Pinterest showed a strong performance after a sharp increase in downloads of a newly designed app. Intercontinental Exchange reported solid quarterly results supported by ongoing high volatility in the energy and financial markets as well as strong demand in the data business. Netcompany reported disappointing quarterly figures due to weaker sales in its core market Denmark. Teleperformance suffered from allegations regarding business practices at an office in Texas and therefore performed weakly.
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.