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Responsible Investing
Fostering positive change through investments: Generali leverages its role as a key global institutional investor and asset manager to apply strict ESG (Environmental, Social and Governance) criteria to the Group’s investments.


Jean-Guillaume Péladan
Head of Environmental Investments & Research & Portfolio Manager

Alban Préaubert
Portfolio Manager

Anne-Claire Abadie
Portofolio Manager, Environment Specialist
Sycomore AM
Management Company and Investments Manager
€ 348,2 M
AuM
Luxembourg
Domicile
August 31st, 2015
Inception date
EUR I Acc.
Share Class
LU1183791281
ISIN
MSCI Europe NR
Benchmark
1.00%
Management fees
20% > Benchmark
Performance fees
Long-only, SRI labelled, European thematic equity strategy focused on innovative and eco-efficient companies which are contributing to the environmental and energy transition
Launched in 2015, the sub-fund has now reached 5 years of track record demonstrating the value of its proposition and its resilience in periods of high volatility
Since inception the strategy outperformed the MSCI Europe NR by 21,9%
Historic Beta (3 years): 0.90
Annualized Volatility (3 years): 18.1%
Number of holdings: 69
31/08/2020
MTD
YTD
1y
3ys
5ys
SI (31 Aug., 2015)
As of 31 August 2020
6,81%
6,81%
22,38%
2,89%
6,28%
35,62%
Sub-fund (USD I Acc.)
2,94%
-11,50%
-2,92%
-1,41%
2,60%
13,70%
Benchmark
Performance data shown represents past performance and is no guarantee of, and not necessarily indicative of, future results. No express or implied liability or guarantee is assumed that the future performance will correspond to the performance described above. The value of and income from fund units or sub-fund units (“Units”) may fluctuate, rise or fall, so you may have a gain or a loss when the Units are sold. The performance of and income from the Units have to be reduced by costs and taxes. Current performance may be higher or lower than the quoted and no guarantee can be assumed that the investment objectives of the fund/sub-fund will be achieved.

Greenfin label certified by Novethic

Label ISR 2020-2023

"Towards Sustainability" Label
Source: Sycomore Asset Management
In August, the fund further increased its lead relative to the benchmark, thanks to the strong earnings reported by Alfen – the top contributor to performance – and the stock’s three-fold rise since the beginning of the year. The company recorded a 47% growth in profitable sales during the first half, driven by the favourable momentum across its three segments (electric vehicle charging stations, smart grids and energy storage). Voltalia, Neoen and Solaria also contributed positively, with renewables producing more electricity than fossil energies for the first time ever within the European Union during the first half of 2020. Finally, Vestas continued its summer rebound after reinstating the guidance it had suspended in April and ultimately confirming a limited impact from the health crisis, for this world leader in the wind turbine industry.
AUGUST 31, 2020
DOCUMENT

Founded in 2001, Sycomore Asset Management is an investment firm driven by a strong entrepreneurial spirit. Sycomore has been committed to delivering long-term returns by identifying the levers that enable a company to generate sustainable value. The firm’s expertise draws on a fieldwork approach and a proprietary corporate fundamental analysis model including financial and extra-financial criteria. Its team of 21 analysts-fund managers, including 7 ESG specialists, focus on assessing the overall performance of a company with respect to its stakeholders: shareholders, clients, employees, suppliers, civil society and the environment. Since 2015, Sycomore AM has expanded its range of social, societal and environmental impact funds: Sycomore Happy@Work, dedicated to human capital; Sycomore Eco Solutions, with a focus on natural capital; Sycomore Shared Growth, specialised in societal capital. Recently, the firm launched Sycomore Next Generation, a fund committed to providing a better future for the next generations. Sycomore AM is, amongst others, a member of the French and Italian SIF, the GIIN (Global Impact Investing Network) and the IIGCC (Institutional Investors Group on Climate Change). The investment firm is continuing its work on quantifying environmental and social impacts.
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