Rtn. this y
Morningstar Rating (3 years)Missing data
Fact Sheet (KIID)
August became a positive month for most stock markets. The strongest was the US S&P500 index which rose by 3.2 % Long-term interest rates rose marginally in both the US and Europe. The Swedish krona was stable against both the dollar and the euro. Raw material prices were generally weak, the price of oil and copper was down -4.4 per cent and -2.4 per cent respectively. Market developments also favoured returns in Savings fund 100. Savings fund 100 invests in other Robur funds. Among the regional/geographical strategies, Japan has provided the highest return during the month. However, Japan belongs to one of the weakest regions throughout the full year. Among global themes, Transition Energy stands out positively. This fund primarily invests in companies that provide and develop our energy supply against a lower climate footprint. Several companies in the fund have shown a weak development at the beginning of the year when values were considered excessive after strong development in the previous year
Jörgen Olofsson manages Swedbank Robur Dynamic, Basfonderna and Savings Funds. He has many years’ experience of strategy and asset allocation and joined Swedbank Robur in 2000. Experience and education His track record includes managing Swedbank Robur Stiftelsefond (2012–2017), Transfer funds (2012–2017), KPA Etisk Blandfond 2 (2012–2017), Mixfond Pension (2012–2017) and Bas Ränta (2014–2015). He has also worked as a strategy and asset allocation analyst at Swedbank Robur (2000–2007). Jörgen has an M.Sc. in Economics and Statistics (1995–1998) and a B.Sc. in Engineering Construction (1989–1991) from Lund University.
Pia Haak manages Swedbank Robur Basfonderna, Savings Funds and is head of the asset allocation team. She has extensive financial industry experience and joined Swedbank Robur in 2018. Experience and education She has previously managed Selectionfonderna (2018–2020). She has also held roles as head of investment products (2017) and head of structured products (2016) at Swedbank Markets. Prior to this she was head of product offering at Swedbank (2011–2016). She has also been head of the fund-of-funds team at Swedbank Robur (2005–2011). Pia has also held roles as portfolio manager with a discretionary asset management mandate (2002–2005) and European equities (1997–2002) at Handelsbanken Asset Management and within equity sales at Handelsbanken Markets (1994–1997). Additionally, she has worked as a fixed-income trader at Gota Bank (1992–1994). Pia has a qualification as a certified financial analyst from Stockholm School of Economics (2005) and a B.Sc. in Business Administration and Economics from Stockholm University (1989–1992).
The responsibilities of the allocation team include management of our pre-packaged funds such as the Bas and Selection balanced funds, but also include tailored fund portfolios for institutional customers, among others. The fund managers have extensive experience in asset allocation, fund selection and portfolio design, and create high quality, long-term fund portfolios. They apply a regional perspective and other themes, such as the climate, when selecting the underlying funds. To identify interesting opportunities presented by activities such as trading derivatives, they maintain close collaboration with the trading department. The team comprises ten portfolio managers who together manage around SEK 129 billion invested in Swedish funds.
The majority of our balanced funds are actively managed and invest in equities and fixed-income securities, either directly in the actual securities or through other Swedbank Robur funds. In addition to equity and fixed-income investments, it is also possible to invest in credit, alternative fixed-income and equity investments as well as derivatives and external funds. Our fund managers integrate sustainability as a natural component of the funds’ investment processes.
Fundfacts & Fees
The Disclosure Regulation means that new requirements will be imposed on the disclosure of sustainability-related information. The purpose of the Regulation is to (1) harmonize requirements for sustainability-related information within the EU 2) increase transparency and clarity regarding sustainability-related information 3) increase the attractiveness of sustainable investments.
The fund´s sustainability work
Transparency regarding the integration of sustainability risks, the promotion of environmental or social characteristics, and sustainable investments.
The fund promotes, among other characteristics, environmental or social characteristics
The fund applies three overall approaches to sustainability risk management and to integrating these risks into investment-decision processes – inclusion, exclusion and engagement.
A structured process is carried out to identify the fund’s material sustainability risks. This mainly takes place in the underlying funds, but is also used when analysing the fund’s other instruments, such as derivatives and exchange-traded funds (ETFs). The process and approach is different for each type of investment.
The fund factors sustainability risks into every investment decisions and continuously throughout the holding period. When investing in Swedbank Robur’s funds, Swedbank Robur’s fundamental process of identifying the companies with high sustainability risks that are excluded from the investment universe of all funds is applied. In addition, the underlying funds use internal and external analysis and data to identify and continuously manage sustainability risks in the funds’ holdings. Engaging in dialogue with the companies concerned is also a key component of the sustainability and climate-related risk assessment. The risk assessment for each company includes, for example, specific climate-related risks, how the companies’ business models have been positioned for a sustainability transformation, and social and governance-related risks. Should specific problems or uncertainties of a more serious nature be identified, a deeper analysis is carried out together with internal environmental, social and corporate governance (ESG) specialists.
Sustainability risks could affect the financial return of the fund if they materialise at several different levels. Weak governance and control structures may, for example, lead to irregularities that could have an adverse impact on the company’s share price. Material exposures to both transition and physical risks of climate change may pose a vulnerability should the risks materialise and lower the value of the fund’s underlying assets. The integration of sustainability risks into investment-decision processes is critical to achieving high and sustainable long-term returns.
Environmental, social and corporate governance (ESG) characteristics that are promoted by the fund’s management, or included in the fund’s objective
Practice for good governance
Other sustainable related characteristics
What environmental or social characteristics are promoted by the product?
The fund promotes environmental and social characteristics by including companies based on the ESG factors described below and by excluding investments in the activities described below.
Sustainability focused on climate and environmental factors is integrated into the fund’s selection process, primarily via the funds in which the fund invests. The fund invests primarily in Swedbank Robur’s own funds. The underlying funds actively seek investments that promote the transition to a more sustainable society and achievement of the Paris Climate Agreement goals. There is a strong focus on greenhouse gas (GHG) emissions, since the fund prefers to invest in positive structural growth trends and aims to minimise climate-related risks.
In addition, the funds engage with the companies and issuers in which the funds invest, based on relevant ESG approaches.
The fund excludes holdings with high sustainability risk scores and that provide products and services the fund management company considers harmful to society and the environment, according to the information below under “The fund excludes.”
How the fund intends to achieve its objective is described under “Methods used to integrate sustainability risks, promote environmental or social characteristics, or achieve a sustainable investment objective.”
The fund uses the following index as a reference benchmark
No index has been chosen as a reference benchmark
The financial return of the fund is compared with the chosen market index. The chosen index does not fully reflect the environmental and social characteristics promoted by the fund and is therefore not used as a reference benchmark for assessing the fund’s environmental and social characteristics.
Methods used to integrate sustainability risks, promote environmental or social characteristics, or achieve a sustainable investment objective
The fund selects
What investment strategy does the fund follow to promote its environmental or social characteristics?
Sustainability and climate-related risk assessment is integrated into the fund’s investment-decision process, primarily via the underlying funds, but also into the analysis and selection of the funds’ other instruments, such as exchange-traded funds (ETFs) and derivative instruments. A strong focus on GHG emissions is naturally interwoven with the fund’s management, since the underlying funds prefer to invest in positive structural growth trends and aim to minimise climate-related risks. The selection criteria include the company’s exposure to, and management of, environmental challenges and sustainability risks and how well the company’s business model is positioned for the transformation.
A key objective for the fund is to strive for continuous improvement in quantitative and qualitative ESG approaches. Regardless of the type of asset or instrument, the aim of management is to select those that best meet the fund’s long-term objective.
In line with global thematic trends and to minimise the portfolio’s sustainability and climate-related risks, the fund actively seeks investments that can enable the transition to a low-carbon economy.
The fund excludes
The fund does not invest in companies involved in the following products and services. A maximum of five per cent of the turnover of the company in which the placement takes place may relate to activities relating to the specified product or service.
Products and services
Under this heading, a fund which does not take sustainability aspects into account may also indicate which products and services are not included in the fund as a result of the fund's investment policy.
Cluster bombs, anti-personnel mines
Chemical and biological weapons
Tobacco & Cannabis
Fund company comments: The fund also refrains from making investments in companies whose turnover exceeds 5% from cannabis.
Fossil fuels (oil, gas, coal)
Fund company comments: The fund excludes companies with mining or refining activities linked to fossil fuels (coal, oil and gas) or transport from coal and oil. The fund takes a restrictive approach to the transport of gas and services associated with fossil fuels. The fund also takes a restrictive approach with regard to companies involved in power generation or network operations that make use of fossil fuels. Read more about our definitions, criteria and the possibility to invest in conversion companies in Swedbank Robur's Strategy to opt out.
The fund does not invest in companies that violate international standards. The assessment is made either by the fund manager itself or by a subcontractor.
The fund does not invest in companies that do not take steps to address identified problems or where the fund considers that the companies will not address the problems for a period that the Fund Manager deems reasonable in the individual case.This option concerns funds that develop an action plan for contested companies, which are excluded if specified conditions are not met during the prescribed period of time.
Fund company comments: When we reach the view that a company is grossly and systematically in breach of international standards and conventions or is otherwise involved in unacceptable activities with respect to sustainability and/or corporate governance, we contact them for a response. If companies exhibit a willingness to change, Swedbank Robur can remain a shareholder, otherwise the companies will be excluded from investment.
Internationella normer avser internationella konventioner, lagar och överenskommelser såsom FN Global Compact och OECD:s riktlinjer för multinationella företag som rör frågor om miljö, mänskliga rättigheter, arbetsvillkor och affärsetik
For sustainability reasons, the fund does not invest in companies involved in certain countries/debt securities issued by certain states
Fund company comments: The above is applicable for direct investments in companies and equity derivatives in companies, but does not apply for investments in index derivatives or exchange-traded funds (ETFs).
The fund company influences
Corporate Influence in-house
Fund company comments: In total, we have ten internal specialists in sustainability and owner governance. The specialists conduct an ongoing dialogue with different companies and/or issuers to influence them to be more sustainable and to move them in a positive direction. The fund managers are also involved in the advocacy work.
Corporate influence in cooperation with other investors
Fund company comments: We engage with companies within the framework of PRI (Principles for Responsible Investment) and together with other investors on our own initiative.
Corporate influence through external suppliers/consultants
Fund company comments: Influence is conducted through two external suppliers: ISSEthix and Sustainalytics Engagement Service.
Votes at general meetings
Participates in nomination committees to influence the composition of the Board of Directors
Other corporate influence
The Fund Management Company uses its ownership power to influence companies in sustainability matters.
The Fund Management Company is in contact with companies in order to influence them in a more sustainable direction.
Information on the methodology used to assess, measure and monitor the environmental or social characteristics of the overall sustainable impact of the financial product
The fund has a documented investment and environmental, social and corporate governance (ESG) approach, which the fund’s managers follow when making investment decisions. The fund’s holdings are screened using data from several providers. This ensures that the fund complies with the pre-defined criteria for excluding holdings. The data may also be used to assess the holdings included in the fund. Every day, the risk department determines whether the fund is in line with the exclusion criteria. The fund’s sustainability parameters, such as the fund’s carbon footprint, are measured on a regular basis if such measurement is possible given the fund’s investment universe and access to underlying data.