ALPORA Innovation Europe
Fund size EUR 326.8m
The equity fund invests in Western European listed companies with above-average innovation efficiency. The fund invests across all sectors, with the exception of "utilities" and "financials". The investment process consists of a two-step procedure. In a first step, the innovation efficiency of the companies in the investment universe is measured and compared using a scientifically based quantitative method. In a further step, the portfolio is constructed by selecting around 30 stocks on the basis of our own proprietary fundamental analysis.
Portfolio Management
- Birgit Heim
- Geschäftsleitung
Portfolio Management - heim[at]amgfonds.ch
- +41 (41) 726 71 77
- Patrick Hofer
- Portfolio Management
Kundenbetreuung - hofer[at]amgfonds.ch
- +41 (41) 726 71 76
Sustainability / ESG
Awards
Learn more about the fund in the semi-annual video report
Patrick Hofer looks back at the first half of 2021 and gives an outlook for the second half of the year.
News
ALPORA Innovation Europe Fund - Winner of the Scope Award 2022 Switzerland and Germany
AMG Fondsverwaltung AG wins the Scope Award 2022 for the ALPORA Innovation Europe Fund. The fund receives the award as best fund in Switzerland and Germany in the category «Equities Europe». The fund has outperformed its benchmark by over 170% (as of the end of October 2021) since its launch in 2014.
Go to press releaseBreakdown by sectors
Breakdown by currencies
Breakdown by countries
Comment November 2021
The ALPROA Innovation Europa fund suffered from profit-taking in November. In contrast, the broad market, measured by the iShares MSCI Europe, even ended the consolidation slightly positive.
The German Stroeer SE & Co. KGaA is a provider of outdoor and online advertising and provides advertisers with individualised and fully integrated communication solutions. In addition, the company offers branding, digital publishing, marketing, advertising and other related services. In order to achieve greater reach in cities, Stroeer is focusing its innovation on expanding and rebuilding its regional network. Its public video network now consists of around 5,500 digital advertising spaces at transport hubs such as train stations, shopping centres and main roads in major cities. In addition, the company markets around 300,000 outdoor advertising spaces and several thousand websites. As a driver of the digitalisation of out-of-home in Germany, it is also committed to smart and sustainable communication infrastructure. Its city information installations (Public Video Roadside Screens) are part of an urban information network in public spaces and a component of many smart city approaches of numerous cities.
ESG implementation:
We take ESG aspects into account in the financial analysis and investment decision-making process, applying a combination of exclusion criteria and ESG integration approach in the investment process. The abbreviation ESG stands for "Environmental - Social - Governance".
For the analysis within the sustainability approach, we rely on data from selected third-party providers and, if necessary, on our own analyses. The analysts and portfolio management teams are responsible for both the financial analysis and the ESG analysis. In this way, we ensure that the assessment and implementation are carried out on a recurring basis by the decision-makers in the respective fund as part of a comprehensive and integrated investment process.
In our investment process, we do not per se exclude investments in companies with weaker ESG ratings: Companies that address the issue of sustainability convincingly and consistently can be interesting portfolio companies.
Latest ESG reporting:
- Classification with regard to U.N. Global Compact Ten Principles:
All portfolio companies in the fund comply with the U.N. Global Compact Ten Principles. - Current portfolio structure using the ESG Risk Rating (by Sustainalytics):
The above fund is a financial product within the meaning of Article 8 of Regulation (EU) 2019/2088 (Disclosure Regulation).
| Domicile of fund | CH |
|---|---|
| Legal form | Contractual investment fund |
| Investment universe | Europe |
| Investment manager | AMG Fondsverwaltung AG, Zug |
| Management company | LLB Swiss Investment Ltd, Zurich |
| Custodian bank | Bank J. Safra Sarasin Ltd, Basel |
| Launch date | 01.10.2014 |
| Recommended investment horizon | 5 years |
| Reference currency | EUR |
| ISIN / Bloomberg-Ticker (respective Tranche) | EUR A: CH0248877885 / ALPIEUR SW EUR B: CH0436491234 / ALPIEUB SW CHF-hedged: CH0302271066 / ALPICHF SW |
| Distributions | accumulating |
| Subscription and redemption | daily (cut-off 09.00 CET) |
| Tax transparency | CH, AT |
| Tax status Germany | Equity fund pursuant to InvStG with partial exemption |
| Registered for public distribution | CH, D; SGP (acccr. investors only) |
Gebührenstruktur
| Subscription and redemption fee | none |
|---|---|
| Management fee p.a. | Tranche EUR A: 1.00% Tranche EUR B: 1.50% Tranche CHF-hedged: 1.00% |
| MiFID fee for third party research p.a. | 0.04% |
| Total expense ratio p.a. (per 30.06.2021; TER) | Tranche EUR A: 1.22% Tranche EUR B: 1.73% Tranche CHF-hedged: 1.23% |
| Duration | Fund | MSCI Europe ETF |
|---|---|---|
| 1 month | -1.6% | 0.5% |
| 3 months | 1.9% | 2.7% |
| 12 months | 26.8% | 18.8% |
| 3 years p.a. | 30.4% | 14.1% |
| 5 years p.a. | 19.6% | 7.8% |
| since inception p.a. | 17.9% | 6.9% |
| Year | ||
| 2021 | 26.8% | 18.8% |
| 2020 | 20.0% | -3.1% |
| 2019 | 42.7% | 27.8% |
| 2018 | -14.3% | -10.9% |
| 2017 | 29.7% | 10.5% |
| since inception | 224.9% | 61.5% |
Risk ratios (rolling over the last 3 years)
| Volatility (p.a.) | 21.1% |
|---|---|
| Sharpe ratio (-0.50% Risk free rate) | 1.26 |
| Beta (vs. MSCI Europe ETF) | 0.91 |
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