BELLEVUE ASSET MANAGEMENT AG EQS-News: Bellevue Asset Management AG: Systematic focus on sustainability and change of name - BB Entrepreneur Europe Fund is now Bellevue Sustainable Entrepreneur Europe

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26/11/2021 07:00

EQS Group-News: Bellevue Asset Management AG / Key word(s): Product Launch
Bellevue Asset Management AG: Systematic focus on sustainability and change of name - BB Entrepreneur Europe Fund is now Bellevue Sustainable Entrepreneur Europe

26.11.2021 / 07:00


Media release of November 26, 2021

Systematic focus on sustainability and change of name -
BB Entrepreneur Europe Fund is now Bellevue Sustainable Entrepreneur Europe

Bellevue Asset Management has invested successfully in family and owner-managed companies for more than 15 years. The specialty investment manager is now aligning its BB Entrepreneur Europe Fund even more closely with sustainability criteria and has therefore renamed this fund the Bellevue Sustainable Entrepreneur Europe Fund. "European family-run businesses have had above-average ESG scores for several years now, also compared to overseas peers, and we decided to narrow our focus on this theme," explains Birgitte Olsen, the fund's Lead Portfolio Manager. "ESG considerations are systematically integrated into every step of our investment process." The fund was awarded the FNG Label, one of the leading standards for sustainable investment vehicles in German-speaking Europe, in November.

Family-run means more sustainable

Thanks to their very long-term perspectives and strong sense of responsibility, family businesses generally excel when it comes to ESG performance. Commercial sustainability has always been a prominent factor in the stock selection process of Bellevue's Entrepreneur Team. Now ESG considerations are fully integrated into its fundamental research at every stage of the investment process by means of analytics tools. ESG-related risks as well as opportunities are screened in the team's investment approach. This puts the fund in a position to identity tomorrow's potential "ESG stars" when they are still under the radar for much of the investment community. The portfolio management team headed by Birgitte Olsen strives to identify the leaders in terms of operational sustainability as well as companies that will provide the most promising solutions for a greener planet and that are pivoting their business models towards sustainability-driven solutions.

Cautious approach regarding ESG ratings

As a signatory to the UN PRI, Bellevue Asset Management has committed itself to high standards in terms of transparency and sustainability. For example, Bellevue systematically precludes investments in companies that are complicit in serious human rights, environmental or corporate ethics violations or that do business in banned or controversial weapons. With regard to the above-mentioned integration of ESG considerations, inputs from MSCI ESG Research, a leading provider of ESG data, are included in Bellevue's fundamental research, yet with a critical eye. "Many of today's ESG methodologies do not always give an accurate reading on a company's ESG profile," Olsen points out. They can actually put small companies at a disadvantage compared to larger companies. A lack of human capital or inadequate experience in handling ESG-related issues at such firms can result in their being underrated by an ESG agency, and some of the criteria behind a particular methodology might not be applicable to every company active in a given sector. Bellevue therefore believes that rigid, rules-based "best-in-class" approaches for systematically excluding supposed ESG laggards are impractical and unworkable. Instead, the Entrepreneur Team views external ESG ratings as one of many tools within its in-house research toolbox. Its stock selection process therefore captures both "ESG stars" as well as companies with fundamental sustainability potential.

Fund honored with FNG Label

In the course of its recent realignment, the fund was also subject to a thorough assessment by independent sustainability experts at the University of Hamburg based on FNG Label requirements. They certified that the Bellevue Sustainable Entrepreneur Europe Fund not only met the FNG's minimum criteria, but also scored extra points for meeting supplementary sustainability criteria. Institutional credibility, the active and critical exchange with the management, high product standards and the portfolio management team's investment selection process were cited as factors for the fund's high score.

Strong track record

Since its inception in 2009, the fund (ISIN B-EUR LU0415391860) has outperformed its benchmark, the Stoxx Europe 600, and has gained 239% in value (as of Oct. 31, 2021). "Sustainability leaders have gained competitive advantages and also perform better on the stock market," says Olsen. The team is committed to finding the most promising companies when it comes to ESG. "We have decades of experience, talk directly with CEOs all over Europe and hold more than 500 meetings with company executives every year. We take a hard look at company fundamentals and cherry-pick those with the most compelling risk/reward profiles."

Under the EU sustainable finance disclosure regulation, the fund is an Art. 8 "light green" fund; based on the classification system of the German fund industry association BVI, it qualifies as a fund with a systematic sustainability strategy ("N=E").

 

Contact

Bellevue Asset Management AG, Seestrasse 16 / P.O. Box, CH-8700 Küsnacht/Zurich,

Tanja Chicherio, tel. +41 44 267 67 09, tch@bellevue.ch

www.bellevue.ch



Bellevue - Excellence in Specialty Investments

Bellevue is a specialized asset manager listed on the SIX Swiss Exchange with core competencies covering healthcare strategies, entrepreneur strategies, alternative and traditional investment strategies. Established in 1993, Bellevue, a House of Investment Ideas staffed by 100 professionals, generates attractive investment returns and creates value added for clients and shareholders alike. Bellevue managed assets of CHF 14.4 bn as at June 30, 2021.

 

Disclaimer: This document is neither directed to, nor intended for distribution or use by, any person or entity who is a citizen or resident of any locality, state, country or jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation. The information and data presented in this document are not to be considered as an offer to buy or sell or an invitation to subscribe any securities or financial instruments. The information, opinions and estimates contained in this document reflect a judgment at the original date of release and are subject to change without notice. Liability for the accuracy or completeness of all information in this document is expressly disclaimed. This information does not take into account the specific or future investment objectives, the financial or tax situation or the particular needs of any specific recipient This document does not constitute independent investment research. Interested investors should always seek professional advice before making an investment decision. The information in this document is provided without any guarantees or warranties, for information purposes only, and is intended only for the personal use of the recipient. Every investment involves some risk, especially with regard to of fluctuations in value and return. Investments in foreign currency involve the additional risk that a foreign currency might lose value against an investor's reference currency. This document does not reflect all possible risk factors associated with an investment in the aforementioned securities or financial instruments. Historical performance data and financial market scenarios are no guarantee or indicator of current and future performance. The performance data are calculated without taking account of commissions and costs that result from subscriptions and redemptions. Commissions and costs adversely affect performance. Financial transactions should only be carried out after thorough study of the current prospectus and are only valid on the basis of/or/and are subject to the terms given in the most recently published prospectus and annual or semi-annual report. Bellevue Funds (Lux) SICAV is admitted for public distribution in Switzerland. Representative in Switzerland: Waystone Fund Services (Switzerland) SA, Avenue Villamont 17, CH-1005 Lausanne. Paying Agent in Switzerland: DZ PRIVATBANK (Schweiz) AG, Münsterhof 12, P.O. Box, CH-8022 Zurich. Bellevue Funds (Lux) SICAV is admitted for public distribution in Austria. Paying and information agent: ERSTE BANK der oesterreichischen Sparkassen AG, Am Belvedere 1, A-1100 Vienna. The Bellevue Funds (Lux) SICAV is admitted for public distribution in Germany. Paying and information agent: ACOLIN Europe GmbH, Reichenaustrasse 11a-c, D-78467 Constance. Bellevue Funds (Lux) SICAV is registered in the CNMV registry of foreign collective investment schemes distributed in Spain, under registration number 938. Representative: atl Capital, Calle de Montalbán 9, ES-28014 Madrid. Prospectus, Key Investor Information Document ("KIID"), the articles of association as well as the annual and semi-annual reports of the Bellevue Funds under Luxembourg law are available free of charge from the above mentioned representative, paying, facilities and information agents as well as from Bellevue Asset Management AG, Seestrasse 16, CH-8700 Kusnacht. With respect to fund units distributed in or from Switzerland, the place of performance and jurisdiction is established at the registered office of the representative.



End of Media Release


1252029  26.11.2021 

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