Sycomore Social Impact
- SFDR
-
Art.91
-
Sustainable Inv. Exposure
-
100%A
- SRI risk profile
-
4
- NAV as of 10.07.2024
- € 458.57
- YTD performance
- +15.43 %
Sycomore Social Impact overweights companies that offer solutions to the major global societal challenges and integrate this quest for a positive impact into their strategy, in order to deliver profitable and sustainable growth. The fund aims to outperform the Euro Stoxx Total Return through a socially responsible investment process. The investment universe consists of all listed stocks in continental Europe with no company size constraints.
- Asset class
- Equities
- Region
- Europe / Eurozone
- Market capitalisation size
- All caps
- SRI labels
- Yes
- ISIN code
- FR0012758704
- Legal form
- French law FCP
- Inception date
- June 8, 2015
- Benchmark
- EURO STOXX Net Return EUR
- Investment horizon
- 5 years
- Risk of capital loss
- Yes
Track record
Markets continued to rally in November, lifted by resilient corporate earnings and hopes that the Fed may slow the pace of its interest rate hikes. In this newly “risk-on” environment, the fund suffered from its overexposure to healthcare, which benefited less than other sectors from the market rally. Rovi, the Spanish pharmaceuticals player, featured among leading negative contributors due to the slowdown of Covid vaccines and delays in the approval of two of its most promising treatments by the FDA. We feel the market over-reacted to this news and chose to strengthen our position. In contrast, Alstom rebounded sharply on the back of reassuring reports on cashflow generation and the impacts of inflation. Small and mid-caps, notably within the tech sector – such as Esker, Believe, Cancom, Compugroup or Tinexta, benefited from investors swith to a more “risk-on” positioning.
Giulia Culot
Luca Fasan
Catherine Rolland
Performance as of 10.07.2024
Characteristics
Classification
- Distribution &/or capitalisation
- Distribution &/or capitalisation
- Fund currency
- Euro
- UCITS V
- Yes
- PEA Eligibility
- Yes
Subscriptions & redemptions
- Trades
- Daily
- NAV frequency
- Daily
- Centralising agent
- BNPP Securities Services
- Settlement
- T+2
Management fees
- Fixed fees
- 1%
- Performance fees
- 15% above benchmark
- Subscription fees
- 7% maximum
- Redemption fees
- nil
- Transaction fees
- nil