Megatrends as a key component of structural growth

We currently see three overarching global megatrends in particular: techceleration, demographic and societal change, and the Green Revolution. They divide into a number of structural growth drivers, which we will outline by giving you concrete stock examples.

We want to zoom in on one important component of our bottom-up investment approach: the identification and analysis of the megatrends and structural growth trends to which companies are exposed. We believe that correctly identifying structural shifts in underlying end-markets for our companies is an essential ingredient to achieving long-term outperformance. Evolving profit pools provide some firms with an ongoing growth tailwind while others face a continuous uphill battle. As quality growth investors, we seek to invest in businesses that benefit from such growth tailwinds – and avoid those battling a relentless decline. This is something that we have always done. However, along with the overall rise of thematic investing, funds’ exposures to structural megatrends are receiving increasing attention. More than in the past, our investors are approaching us for a better understanding of our portfolios’exposures beyond the simple regional or sectoral splits. As you might be aware, we follow a disciplined bottom-up investment approach, in which top-down thematic considerations play no explicit role. However, given our emphasis on structural growth as part of our analysis, it is maybe unsurprising that we, too, are exposed to many of the long-term megatrends so often discussed. In our case, it is just a natural outcome of our bottom-up process. In this publication, we will discuss the structural megatrends we find attractive and why, as well as showcase our exposure.

Read the full publication here

Authors

Matthias Born
Head of Investments and CIO Equities
Justus Schirmacher
Portfolio Manager
Kay Eichhorn-Schott
Portfolio Manager

Suitable investment solutions

Equities

We offer funds with convincing track records and top ratings. All of our equity investments are based on comprehensive analyses and close interaction with members of these companies’ top management. In doing so, we consider ESG issues to be an essential part of our approach.

Fundname
ISIN | WKN:
Performance
1 year
Volatility
1 year
NAV

Berenberg Global Focus Fund R A

LU1900076933 | A2N73B
Date: 24.11.2022
ISIN: LU1900076933
WKN: A2N73B
Performance 1 year: -33.10%
Volatility 1 year: 25.42%
NAV: 138.96 EUR

Berenberg Sustainable World Equities R A

LU1878855581 | A2N6AL
Date: 24.11.2022
ISIN: LU1878855581
WKN: A2N6AL
Performance 1 year: -28.92%
Volatility 1 year: 23.76%
NAV: 142.47 EUR

Berenberg Aktien Global Plus R A

DE000A0MWKG3 | A0MWKG
Date: 24.11.2022
ISIN: DE000A0MWKG3
WKN: A0MWKG
Performance 1 year: -27.46%
Volatility 1 year: 18.88%
NAV: 63.39 EUR

Berenberg Aktien Global Plus R D

DE000A0RC5G8 | A0RC5G
Date: 24.11.2022
ISIN: DE000A0RC5G8
WKN: A0RC5G
Performance 1 year: -27.47%
Volatility 1 year: 18.87%
NAV: 92.62 EUR

Berenberg European Focus Fund R A

LU1637618155 | A2DVP7
Date: 24.11.2022
ISIN: LU1637618155
WKN: A2DVP7
Performance 1 year: -29.10%
Volatility 1 year: 27.49%
NAV: 139.03 EUR

Berenberg Eurozone Focus Fund R A

LU1637618403 | A2DVQG
Date: 24.11.2022
ISIN: LU1637618403
WKN: A2DVQG
Performance 1 year: -26.84%
Volatility 1 year: 26.23%
NAV: 135.95 EUR

Berenberg Aktien Mittelstand R A

DE000A14XN59 | A14XN5
Date: 24.11.2022
ISIN: DE000A14XN59
WKN: A14XN5
Performance 1 year: -30.20%
Volatility 1 year: 26.89%
NAV: 145.00 EUR

Berenberg Aktien Deutschland R A

LU0146485932 | 542188
Date: 24.11.2022
ISIN: LU0146485932
WKN: 542188
Performance 1 year: -22.43%
Volatility 1 year: 27.78%
NAV: 87.93 EUR

Berenberg European Micro Cap R

LU1637618742 | A2DVQA
Date: 24.11.2022
ISIN: LU1637618742
WKN: A2DVQA
Performance 1 year: -31.51%
Volatility 1 year: 21.65%
NAV: 147.77 EUR

Berenberg European Small Cap R A

LU1637619120 | A2DVQD
Date: 24.11.2022
ISIN: LU1637619120
WKN: A2DVQD
Performance 1 year: -32.97%
Volatility 1 year: 30.15%
NAV: 140.23 EUR

Berenberg European Small Cap R CF A

LU2459037235 | A3DHL6
Date: 24.11.2022
ISIN: LU2459037235
WKN: A3DHL6
Performance 1 year:
Volatility 1 year:
NAV: 82.67 EUR