Robeco is a pure-play international asset manager founded in 1929 with headquarters in Rotterdam, the Netherlands, and 16 offices worldwide. A global leader in sustainable investing since 1995, its unique integration of sustainable as well as fundamental and quantitative research enables the company to offer institutional and private investors an extensive selection of active investment strategies, for a broad range of asset classes.
As of September 2023, Robeco had USD 186 billion in assets under management, of which USD 183 billion is committed to ESG integration.
Carbon data measure a company’s emissions in the past. While this is valuable information, it does not accurately reflect the risks and opportunities related to the climate transition. For that, we need forward-looking metrics to analyze the transition readiness of companies.
As flows typically follow returns, we are now starting to see investors moving out of cash and into credits. This raises the question: Is this a smart move, or is cash still king in the current environment?
Tune in for the best of markets and the best in music with portfolio manager Arnout van Rijn. This week it's all about Davos, the freshly launched Bitcoin ETF, China's headwinds, earnings season in the US and the Great ESG Divide.
As 2024 kicks off, we explore the resurgence of the Value factor since the Covid-19 vaccine announcement roughly three years ago, with insights from ten key graphs and analyses.
We look back on a remarkably strong year for global equity markets, which despite a hesitant start delivered close to 20% returns by mid-December. Our Global Stars, Emerging Markets and Asian equity strategies have been performing successfully, all well above benchmark and high up in their peer group rankings.
Marilyn Monroe once famously sang that “diamonds are a girl’s best friend” – but do they hold the same allure as a metaphor for stocks? Looking for hidden gems among small caps rather than fixating on the crown jewels in mega caps may well allow investors to beat the market next year, says strategist Peter van der Welle.
Kent Daniel is professor at Columbia Business School. He was with Goldman Sachs’ Quantitative Investment Strategies group, and his research specializes in behavioral finance and asset pricing research. We spoke to him in the summer about factors, bias and his ongoing research.
It’s the first formal stocktake of how seriously the world is taking measures to combat climate change. So, will the upcoming COP28 summit in Dubai yield any concrete results?
Robeco’s new one-year outlook warns that the ‘Goldilocks’ scenario of a soft landing for the global economy faces increasing headwinds.
How many factors does it take to compress the factor zoo? Quant researchers Alexander Swade, Matthias Hanauer, Harald Lohre and David Blitz set out to find the answer.
The rise in long-term yields and the broader tightening of financial conditions has been noticed by central bankers. At both the recent ECB and Fed meeting this was mentioned as one of the factors behind their decision to keep rates on hold, in addition to signs of moderating inflation pressures.
Artificial intelligence is being hailed as the greatest advancement of the 21st century – but can it help sustainability? Yes, says quant expert Mike Chen, who believes it may turn into a ‘moon landing moment’ for solving the world’s greatest problems.
The issue of mitigating the social cost of transitioning from fossil fuels leads the Robeco Active Ownership team’s report of its activities in the third quarter.
Has the short-term reversal effect truly vanished? In a new paper, Robeco's Quant Investing research team—Chief Researcher David Blitz, and Senior Researchers Bart van der Grient and Iman Honarvar—continue to explore the complex landscape of short-term reversal strategies. Serving as a sequel to the 2022 publication, "Beyond Fama-French Factors: Alpha from Short-Term Signals," this latest paper addresses growing concerns about the short-term reversal phenomenon.
‘The SDGs provide a valid, reliable way of working towards that impact question for investment portfolios’
Kees Koedijk is a Professor of Finance at Utrecht University and a Fellow of the Centre for Economic Policy Research in London. He is one of three academics on Robeco’s Advisory Board for the UN Sustainable Development Goals, providing objective feedback on the scoring methodology of our SDG Framework, as well as its application to investment products.
It’s been man overboard for thematic investing as the style went out of favor in 2022. Steadying the ship means following the underlying trends that support key themes such as digital transformation and the green transition, says analyst Daniel Ernst.
Semiconductors are set for a resurgence in 2024 as their role in sustainable energy becomes ever-more important, says multi-asset investor Arnout van Rijn.
Machine learning algorithms and models have large potential for investing in emerging stock markets, says quant researcher Laurens Swinkels.
Welcome to our renewed and expanded Fundamental Equity Quarterly. In addition to our regular outlook articles for developed markets and emerging markets, we present several new sections in this publication: where we differ from the market, Japan trip notes, sustainability highlights, a ‘stunning statistic’, and an interview with one of our lead portfolio managers.
At Robeco, we have always considered sustainability holistically. We started out integrating financially material sustainability issues in our investment processes. To also be able to analyze companies’ impact materiality, we developed a framework based on the 17 Sustainable Development Goals (SDGs) and their underlying targets, thereby taking a holistic view on global sustainable development.
Consensus views in the market have changed from a high likelihood of a recession to a most likely soft landing, at least in the US. Download the latest credit outlook to find out more.
Extending the Robeco SDG Framework to cover government bonds can provide a useful way of bridging the funding gap for achieving the Sustainable Development Goals, says quant researcher Laurens Swinkels.
Our fixed income quarterly outlook supports the belief that policy rate peaks are close or have arrived, and in either a ‘hard’ or ‘soft’ landing scenario bonds can rally from current levels.
Understanding the neutral interest rate at which an economy neither contracts nor expands has vexed investors for years. But once grasped, the r* rate can provide many opportunities in bond markets, say Martin van Vliet, Bob Stoutjesdijk, Rikkert Scholten and Philip McNicholas.
Robeco is pleased to launch the 13th edition of its flagship annual publication, Expected Returns 2024-2028. The title this year is ‘Triple Power Play,’ in which our experts predict that three separate but overlapping forces are set to dominate markets over the next five years.
Sustainable investors commonly exclude the least sustainable companies, but in doing so create a gap in the portfolio. Our latest research compares various methods to replace these excluded stocks.
One of the world’s largest experiments in financial engineering may be about to come to an end, spelling a new era of higher yields in Japan.
Robeco’s approach to emerging markets investing was initially met with considerable skepticism, but the live performance of our model has exceeded our expectations. David Blitz, Robeco’s Chief Researcher, shares his thoughts on quant investing in emerging markets.
Two-thirds of all shareholder meetings included votes against management in a lively proxy voting season for Robeco’s Active Ownership team.
In 2018, Robeco published its first Big Book of SI to give investors a comprehensive reference guide to sustainable investing (SI). But even great guidebooks need a periodic revamp.
As the end of Q2 2023 earnings season approaches, it’s crucial for investors to utilize earnings calls for in-depth insights. More than just a source of numerical data, these calls provide a narrative around financial performance, revealing strategies, risks, opportunities, and market dynamics. C-suite executives provide context to the financial numbers and elaborate on key decisions, while the question and answer sessions can reveal unreported details. Hence, earnings calls are a powerful tool for a comprehensive understanding of a company’s financial outlook alongside public accounting data.
China is pivoting policy back to supporting capital markets and the private sector as it seeks to strengthen its post-Covid economic recovery.
David Blitz, Robeco’s Chief Researcher, provides insights into factor returns across various market conditions in his latest study.
Robeco is supporting calls for a moratorium on deep sea mining, backed by engagement with the companies involved, until the full risks and opportunities are known.