SFS Sycomore Global Human Capital
- SFDR
-
Art.91
-
Sustainable Inv. Exposure
-
min. 100%
- SRI risk profile
-
4
- NAV as of 04.17.2024
- € 101.65
- YTD performance
- +10.35 %
An international selection of companies supporting lifelong quality education
The objective of the Sycomore Global Education fund is to outperform the MSCI AC World Net Return index by investing in three types of listed companies that contribute to education and/or vocational training: i/ companies providing education products and services, ii/ companies creating favourable learning conditions by providing products and services addressing student needs, iii/ companies that are leveraging education to deliver shared value with their stakeholders, creating positive economic and societal impact. The fund has no constraints in terms of the sectors or education fields it covers. Stock selection relies on the SPICE rating and societal contribution, on the theme of education, in keeping with the United Nations’ Sustainable Development Goals and in particular SDG 4.
- Asset class
- Equities
- Region
- Global
- Market capitalisation size
- All caps
- SRI labels
- Yes
- ISIN code
- LU2309821804
- Inception date
- March 30, 2021
- Benchmark
- MSCI ACWI Information Technology Net Total Return €
- Investment horizon
- 5 years
- Risk of capital loss
- Yes
Track record
The hope that the Fed will slow down the increase in interest rates has supported the performance of global equities during the month. The reporting season has been largely in line with expectations but governed once more by high volatility. In the education space we are finally seeing the thematic performing better with both thematic indexes outperforming the MSCI ACWI. In this environment the fund has performed in line with the index. During the month, John Wiley was the biggest positive contributor in the education space while Arco Platform and Duolingo were the main detractors. Duolingo reported a better than expected quarter and revised its guidance upward for the year but numbers in Q4 were affected by currency more than what analysts were expecting. We think this trend of outperformance of education will extend into 2023.