Sycomore Inclusive Jobs
- SFDR
-
Art.91
-
Sustainable Inv. Exposure
-
100%A
- SRI risk profile
-
4
- NAV as of 10.07.2024
- € 80.78
- YTD performance
- - 1.16 %
Sycomore Inclusive Jobs is an Equity Solidarity Fund investing in companies that create sustainable and inclusive employment according to Sycomore AM's analysis. The fund invests 85% to 95% of its assets in listed European equities that meet strict ESG criteria, and 5% to 10% in shares of the Sycomore Impact Emploi By INCO FCPR fund. Managed by INCO Ventures, this FCPR mainly invests in unlisted social purpose solidarity companies (Esus) that create inclusive employment for workers who have difficulty in accessing the job market. Companies are selected using The Good Jobs Rating methodology, based on three key dimensions that will help assess a company’s contribution to the societal challenges associated with employment: quantity, quality and geography. The company’s activities must also be aligned with the environmental and societal transitions.
- Asset class
- Equities
- Region
- Europe / Eurozone
- Market capitalisation size
- All caps
- SRI labels
- No
- ISIN code
- FR0014000IF6
- Inception date
- May 7, 2021
- Benchmark
- EURO STOXX Net Return EUR
- Investment horizon
- 5 years
- Risk of capital loss
- Yes
Track record
European markets continued to rally in November on hopes that the Fed may slow the pace of its interest rate hikes following the publication of US macroeconomic data. In this environment, the fund suffered from its overexposure to healthcare, which benefited less than other sectors from the market rally. Rovi, the Spanish pharmaceuticals player and Moderna’s partner for the manufacture of Covid-19 vaccines in Europe, featured among the fund’s leading negative contributors. The announcement of delays in the approval procedures for two of the most promising treatments in the company’s pipeline from the U.S. Food and Drug Administration also disappointed investors. However, we feel the sell-off is excessive considering the strong performance of the company’s other activities. We strengthened our position.
Frédéric Ponchon
Alban Préaubert
Catherine Rolland
Performance as of 10.07.2024
Characteristics
Classification
- Capitalisation et/ou Distribution
- Capitalisation et/ou Distribution
- Devise de référence
- Euro
- UCITS V
- Oui
- Eligibilité PEA
- Oui
Subscriptions & redemptions
- Ordres
- quotidiens
- Périodicité VL
- quotidienne
- Centralisateur
- BNPP Securities Services
- Date de règlement
- J+2
Management fees
- Frais directs
- 1%
- Commission de surperformance
- 15% au delà de l'indice de référence
- Droits d'entrée
- 7% maximum
- Droits de sortie
- Néant