Eurizon Fund -
Equity Innovation

This is a marketing communication

A megatrend global fund that invests in sectors related to Innovation Technology

Eurizon Fund – Equity Innovation is a product focused to invest in companies operating in Health Care, Insurance, Consumer Goods, Technology and Communication, without sectoral or geographical constraints. The Fund Manager identifies multiple investment themes related to the Innovation trend, to construct a diversified portfolio.
The investment process is based on a bottom-up analysis, fundamental for the securities located in the Fund’s portfolio, which benefits from the collaboration between the Fund Manager and a team of experienced analysts.

The Sub-fund promotes environmental and social characteristics pursuant to Article 8 of Regulation (EU) 2019/2088 on sustainability-related disclosures in the financial services sector (“SFDR”). While it does not have sustainable investments as its objective, it will have a minimum proportion of 30% of sustainable investments. The Sub-fund will pursue an ESG Score higher than that of the benchmark.


GLOBAL EQUITY INVESTMENT


"STOCK PICKING" PROCESS
ACTIVE STRATEGY WITH ESG CRITERIA

Investment universe and objective

The investment objective of Eurizon Fund – Equity Innovation is to increase the value of your investment over time and to outperform global equity markets as measured by the benchmark: MSCI World Index ® (net total return). The Sub-fund mainly invests in equities of companies from anywhere in the world (emerging market max 20%) that may benefit from long-term innovation trends such as communication technology, artificial intelligence, robotics, e-commerce and cybersecurity. The Sub-fund is actively managed in reference to the benchmark for designing the portfolio, measuring performance and calculating performance fee. The Sub-fund's exposure to securities, and thus its performance, are likely to differ largely from those of the benchmark.

The fund generally favours direct investment but may at times invest through derivatives. Specifically, the fund normally invests at least 70% of total net assets in equities and equity-related instruments, including convertible bonds. Derivatives could be used for reducing risks (hedging) and costs, and to gain additional investment exposure. 

There is no guarantee that an investment objective will be achieved or that a return on capital will be obtained. The Sub-fund does not benefit from any guarantee to protect the capital.


Sector Breakdown 
Overweight in Industrials, Consumer Discretionary and Materials. The main underweights are Financials, Energy, Consumer Staples and Health Care. There are no sector allocation limits.
Geographical Breakdown 
Main countries: Europe and North America.
Main Themes 
Automation, circular economy, cybersecurity, efficient technology, metaverse, sharing, smart cities.
Securities in the Portfolio 
The portfolio includes around 100 securities with a minimum weighting of 0.5% and a maximum weighting of 4%. Maximum limit per individual security: 5% of the portfolio.
Concentration
The portfolio is highly concentrated and managed actively vs the benchmark (with a TEV limit of 6%).

Exposure to investment themes

Geographical exposure

Source: Eurizon Capital SGR S.p.A. For illustrative purposes only. There is no guarantee that the investment objective will be reached or that there will be a return on investment. 
Source: internal elaboration – data as of 31/03/2024
Allocation is subject to change

See Eurizon Fund - Equity Innovation factsheet

Main Risks of the sub-fund 

The risk indicator assumes you keep the product for 4 years.

 

The summary risk indicator is a guide to the level of risk of this product compared to other products. It shows how likely it is that the product will lose money because of movements in the markets or because we are not able to pay you. We have classified this product as 4 out of 7, which is a medium risk class. This rates the potential losses from future performance at a medium level, and poor market conditions could impact the capacity of Eurizon Capital S. A. to pay you. This fund does not offer any form of capital protection against future negative market conditions and, as a consequence, you may lose part of or the entire amount originally invested. If the fund is not able to pay you out what is due, you may lose your entire investment.

Main costs: illustrative share class LU2050470421, class unit Z EUR Accumulation: Entry charge: 0.00%;  Exit costs 0.00%; Ongoing costs: management fees and other administrative or operating costs 0.78% of the value of your investment per year, this is an estimate based on actual costs over the last year; transaction costs 0.24% of the value of your investment per year, this is an estimate of the costs incurred when we buy and sell the underlying investments for the product. The actual amount will vary depending on how much we buy and sell. - Performance fees 0.42% The performance fee calculation is based on a comparison of the net asset value per unit against the High Water Mark where the High Water Mark is defined as the highest net asset value per unit recorded at the end of the five previous financial years, increased by the year-to-date return of the fund's benchmark. The actual amount will vary depending on how well your investment performs. The aggregated cost estimation above includes the average over the last 5 years. Main risk: benchmark orientation; convertible bonds; currency; derivatives; emerging and frontier markets; equity; hedging; investment fund; management; market; sustainable investing. Before making any investment decision, please read the Key Information Document (KID) and the Prospectus, in particular the risks and costs sections. The documents are available online by clicking here. This is not an exhaustive list of the costs. Other costs apply, differ per unit class and are subject to change. All the costs are detailed in the Prospectus and Key Information Document (KID).

The management team

Eurizon excellence in management

This is not an exhaustive list of the costs. Other costs apply, differ per unit class and are subject to change. All the costs are detailed in the Prospectus and Key Information Document (KID).

Key features:

  • 15 billion euros in AUM*
  • 10 analysts with an average experience of 15 years

 

*Source: internal elaboration – data as of 31/03/2024



ESG Information

  • SFDR classification 
    The Sub-fund promotes environmental or social characteristics as per Article 8 of the Regulation (EU) 2019/2088 on sustainability‐related disclosures in the financial services sector (“SFDR”). While it does not have sustainable investments as its objective, it will have a minimum proportion of 30% of sustainable investments.
  • What environmental and/or social characteristics are promoted by this financial product? 
    The fund promotes environmental and social characteristics by investing in securities of issuers with favourable ESG characteristics. Favourable ESG characteristics are determined on the base of ESG score integration and sector exclusion as detailed in the following points.
  • ESG Score integration
    In accordance with good governance practices, the fund aims to pursue an "ESG score" - calculated at the overall portfolio level - higher than that of its investment universe, through the integration of ESG factors in the analysis, selection, and composition of its investments. 
  • Sector exclusion

    The fund does not invest in issuers operating in sectors considered "not socially and environmentally responsible". Issuer exclusion: the fund does not invest in "critical" issuers (i.e. with a lower ESG sustainability rating level in the equity and bond investment universe) for which an escalation process is activated.

    Before making an investment decision, please read the risk section of the prospectus and particularly the specific risks related to that Sub-fund as well as the costs. Please also consider all the characteristics, objectives, methodological limits and read the SFDR pre-contractual disclosure, as well as the Summary of the website product disclosure, available in English or in authorized language, in the “Sustainability-related Disclosure”. 

     

This marketing communication relates to Eurizon Fund (The “Fund”), a Luxembourg UCITS in accordance with Directive 2009/65/CE and the Luxembourg Law of 2010. This document is issued by Eurizon Capital S.A. organized as a public limited company in Luxembourg, at 28, boulevard Kockelscheuer, L-1821 Luxembourg, and authorised as management company of the Fund under the Law of 2010. This marketing communication is intended for professional investors as defined in the European Directive 2014/65/EU (MiFID) or relevant legislation in countries where the Fund is registered for distribution and is not intended for retail investors nor US Persons. Before taking any investment decision, read the Prospectus, the Key Information Document (the “KID”), and the last annual or semi-annual financial report, available in English (and the KIDs or in authorized language) on the website www.eurizoncapital.com.
This document does not constitute any legal, tax or investment advice. Past performance does not predict future returns. There is no guarantee that the forecasts will be reached in the future. Liaise with your tax and financial advisor to find out whether a product is suitable to you and understand the related risks and tax impacts. The tax treatment depends on the individual circumstances and may be subject to change in the future. A summary of investor rights is available in an official language (or authorised language) at www.eurizoncapital.com/en/investors-rights.
The Management company reserves the right to terminate the marketing arrangements of the Fund in your country. Before investing, read the risk section of the prospectus and the specific risks and costs related to the Fund. Also read the SFDR Pre-contractual disclosure, and the documents available in English or in authorized language, in the “Sustainability” section of the webpage: www.eurizoncapital.com.
SWITZERLAND: In Switzerland this document is an advertising as per the Federal Act on Financial Services (FinSA), is intended for professional and institutional investors only and is not intended for retail investors. The representative and paying agent in Switzerland is Reyl & Cie SA, Rue du Rhône 62, CH-1204 Geneva. The prospectus, the KID, the fund regulation and the annual and semi-annual reports may be obtained from Reyl & Cie SA. Daily publication of the net asset values of the Units offered in Switzerland: www.fundinfo.com
CHILE: In Chile when the Sub-Fund has been registered for distribution by the Comision Clasificadora de Riesgo (CCR) in Chile exclusively to Chilean Pension Funds under Agreement Nr 32 of the CCR, this document is not intended to investors who do not qualify as a Chilean Pension Funds. To find out whether this Sub-Fund is registered with the CCR, please refer to www.eurizoncapital.com

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