The Berenberg Sustainable Multi Asset Dynamic aims to achieve long-term value growth while taking into account a sustainable investment objective with a positive impact on environment and society. To this end, the fund management identifies attractive equities and bonds that actively contribute to the solution of global challenges. To achieve this investment objective, the fund invests globally in companies whose products and services have a positive impact on our environment and society. The fund is broadly diversified and the tactical allocation of the various asset classes is actively managed.
- Dynamic investment approach with focus on positive impact and sustainable growth
- Active positioning against a mixed market benchmark
- Maximum equity allocation of 90%
- The investment universe comprises mainly single securities
|Issue price||82.36 EUR|
|Redemption price||78.44 EUR|
|Fund volume||9.33 Mio. EUR|
|Share class volume||4.56 Mio. EUR|
|Asset Manager||Joh. Berenberg, Gossler & Co. KG|
|Management company||Universal-Investment-Gesellschaft mbH|
|Custodian||State Street Bank Luxembourg S.C.A.|
|Use of income||Distributing|
|End of financial year||31.12.|
|Registration and Distribution||DE, LU|
(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%|
Monthly market comment
After a hawkish Fed and a "war in Europe" made for the worst first half of the year since 1970, U.S. stocks were on the verge of their best summer rally since 1932 on the back of strong gains and hopes for a less restrictive Fed. However, Fed Chairman Jerome Powell's speech dashed hopes by making it unequivocally clear that lowering inflation would be a priority, even at the expense of a recession if necessary. Bonds fell sharply as a result, and yields rose again toward their highs for the year. We expect the market environment to remain volatile. We therefore remain defensively positioned and underweight equities. We have slightly increased duration following the rise in yields.
Oliver Brunner, CIIA, heads the portfolio management department (core strategies) at Berenberg. He has been working in private asset management since 2007. In addition to overall responsibility for the core strategies and 1590 fund family, the graduate industrial engineer manages large special mandates for foundations, church institutions and private clients with special requirements. He completed his studies at the end of the 1990s at the Technical University of Karlsruhe; in 2006 he passed the part-time examination to become a Certified International Investment Analyst (CIIA). From 2000 to 2007, he was portfolio manager and equity analyst at Baden-Württembergische Bank AG in Stuttgart.
Torsten Ziegler has been with Berenberg since October 2014. Since July 2017 he has been portfolio manager in Wealth and Asset Management in the area of multi-asset mandates and manages special mandates for wealthy private clients. Previously, he was responsible for the preparation of investment proposals and portfolio analyses as well as the communication of the CIO office within asset management at Berenberg. After graduating in business administration (FH), he began his professional career at Deutsche Bank as a trainee in the Private Clients & Asset Management division. Most recently, he worked there as an investment consultant for wealthy private clients. In 2017 Ziegler successfully completed further training as a Certified International Investment Analyst (CIIA) and Certified European Financial Analyst (CEFA).
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.