Freestyle investing in the real stars of emerging markets
Rotterdam, 8 November 2006
PRESS RELEASE
Freestyle investing in the real stars of emerging markets
Robeco has launched a new fund: Robeco Emerging Stars Equities. This
fund invests in stocks in emerging markets and is not index-related.
This means that the fund manager has full freedom to select the
stocks in which he sees the best prospects. Investors thereby obtain
access to a highly select basket of stocks in emerging markets: the
best stars.
Prospects for emerging markets remain good. Most emerging countries
are in a healthy financial position and are well positioned for
further growth. Stocks in these countries are also still relatively
cheap compared to developed markets. Robeco Emerging Stars Equities
aims to benefit optimally from this positive outlook. "Currently, the
fund invests 50% in Korea and Brazil, two countries that combine a
healthy economy with very attractive valuations. In addition, the
fund benefits from growing domestic demand in China, high-quality,
yet undervalued technology companies in Taiwan, consumption growth in
Mexico and very low-priced resources companies in several emerging
countries. All-in-all a very attractive mix of countries and stocks,
which combine favorable macroeconomic trends, businesses with good
growth prospects and valuations that are still low", says Jaap van
der Hart, Emerging Stars fund manager.
The fund manager is free to select from all emerging markets,
including the popular BRIC countries (Brazil, Russia, India and
China), but can also go for other attractive emerging countries such
as Korea, Taiwan, Mexico and South Africa. Van der Hart: "Investors
who are prepared to take slightly bigger risks in exchange for higher
returns have so far only really been able to make use of the BRIC
funds. This is a pity, since there are plenty of other investment
opportunities that can be exploited outside the BRIC countries.
Our investment policy builds on Robeco's successful emerging-markets
policy. Robeco Emerging Stars Equities stands out because of its
added flexibility and a focused portfolio of countries and stocks
with only the very best prospects. The fund has less diversification
and therefore a higher risk-return profile". For this innovative
Luxembourg-based fund the selection of the right countries and stocks
by Robeco's Emerging Markets team will be key.
Robeco has been active in global emerging markets for many years. The
Robeco Emerging Markets team has established a strong track record
since it started in 1994 and is continuously looking for
opportunities for high long-term returns.
Fund details:
Umbrella: Robeco Capital Growth Funds
Fund name: Robeco Emerging Stars Equities
Share class: D-share
Cap size: all cap
Benchmark: no benchmark
Currency: EUR
Issue price: 100
Dividend policy: no
Fee structure: management fee of 1.5% and performance fee of 15%
(outperformance over S&P/IFCI Composite Index)
Issue structure: open-end
ISIN-code: LU0254836850
NAV calculation: the NAV will be calculated on a daily basis
Subscriptions/redemptions: subscriptions and redemptions are possible
on a daily basis
About Robeco
Robeco provides discretionary asset-management products and services,
as well as a complete range of mutual funds to a large number of
institutional and retail clients worldwide. Robeco's product range
encompasses fixed-income and equity investments, as well as balanced
accounts, money-market funds and alternative investments.
Robeco distributes its funds for the retail market directly, and
through other financial institutions. Several of its mutual funds,
including the flagship Robeco N.V., are listed on major European
stock exchanges such as Amsterdam, Paris, Frankfurt and London.
Robeco services its clients not only from its head office in
Rotterdam but also from its European offices in Belgium, France,
Germany, Spain and Switzerland. In the United States, Robeco has
offices in New York, Boston, Chicago, San Francisco and Toledo
(Harbor Capital Advisors). Robeco also has an office in Bahrain and
an office in Japan.
Robeco is the center for asset management with full operational
independence within the Rabobank Group. The combination of the
highest credit ratings from the major international rating agencies
and the highest Sustainability Cluster Score within the banking
sector reflects the high added value Rabobank has always offered its
investors, members, clients and employees.
Caroline Wroblewski, Robeco Corporate Communications
Office: + 31 - 10 - 224 20 29
Mobile: + 31 - 6 - 20681596
E-mail: c.n.wroblewski@robeco.com
