SFS Sycomore Europe Happy @ Work
- SFDR
-
Art.91
-
Sustainable Inv. Exposure
-
100%A
- SRI risk profile
-
4
- NAV as of 10.07.2024
- € 152.17
- YTD performance
- +13.06 %
A responsible selection of people-driven European companies
Sycomore Europe Happy@Work invests in European companies that pay particular attention to the importance of human capital as a key performance driver. The fund seeks to contribute positively to the human capital issues highlighted in the United Nations’ Sustainable Development Goals. Stocks are selected on the basis of rigorous fundamental analysis combined with in-depth ESG research, focusing on a company’s ability to promote employee fulfillment and engagement, using a proprietary assessment framework. The analysis draws from the experience and knowledge of field experts, human capital managers and employees. Fund managers also carry out on-site visits. The fund seeks to outperform the Euro Stoxx TR index over 5 years.
- Asset class
- Equities
- Region
- Europe / Eurozone
- Market capitalisation size
- All caps
- SRI labels
- Yes
- ISIN code
- LU1786954369
- Legal form
- Sub-fund of Sycomore Fund Sicav
- Inception date
- November 4, 2015
- Benchmark
- EURO STOXX Net Return EUR
- Investment horizon
- 5 years
- Risk of capital loss
- Yes
Track record
As the market rose sharply, the fund generated positive returns while underperforming the benchmark. ASML and STMicroelectronics surged as their 2023 estimates become more realistic. Saint-Gobain and Schneider Electric also increased after reporting a solid quarter. Conversely, Salesforce and Palo Alto underperformed as the sector shows signs of weakness, although the mid-to-long term trend is solid. Acciona Energia and ERG fell as investors digest the potential price cap impact. During the month, we increased the financial sector weight and reinforced stocks with attractive upsides (BMW, Puma). We also took profits on SAP and ASML which rebounded substantially. We observed several leading indicators pointing to a decline in inflation, which could bode well for the fund that is temporarily penalized by rising interest rates. Furthermore, Happy@Work companies have strong balance sheets and are more resilient if there is a recession.
Cyril Charlot
Giulia Culot
Luca Fasan
Claire Mouchotte
Performance as of 10.07.2024
Characteristics
Classification
- Capitalisation
- Capitalisation
- Fund currency
- Euro
- UCITS V
- Yes
- PEA Eligibility
- Yes
Subscriptions & redemptions
- Trades
- Daily
- NAV frequency
- Daily
- Centralising agent
- BNPP Securities Services Luxembourg
- Settlement
- D+2
Management fees
- Fixe fees
- 1%
- Performance fees
- 20% above benchmark
- Subscription fees
- 3% maximum
- Redemption fees
- nil
- Transaction fees
- nil