ALPORA Innovation Europe

Performance YTD 26.8% (as of 02.12.2021)
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.

Facts & Figures Current monthly report (PDF)

Portfolio Management

Birgit Heim

Birgit Heim

Geschäftsleitung
Portfolio Management
heim[at]amgfonds.ch
+41 (41) 726 71 77
Patrick Hofer

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.

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Facts & Figures
Portfolio allocations

Breakdown by sectors

Breakdown by currencies

Breakdown by countries

Top 5
Monthly comment

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.

Sustainability

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).

Brief profile
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%
Performance overview and key figures
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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