Sycomore Happy@work

Sycomore logo

Fund Management Team

Cyril Charlot

Cyril Charlot

Founding Partner & Co-Head of Portfolio Management

Jessica Poon

Jessica Poon

Portfolio Manager

Sabrina Ritossa Fernandez

Sabrina Ritossa Fernandez

ESG Analyst

Fund Facts

Sycomore AM

Management Company and Investments Manager

€ 395.2 M

AuM

Luxembourg

Domicile

November 4th, 2015

Inception date

EUR I Acc.

Share Class

LU1301026206

ISIN

EURO STOXX TR

Benchmark

0,01

Management fees

20% > Benchmark

Performance fees

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Stock picking fund that pays attention to how companies value human capital, as a key performance driver

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Launched in 2015, the sub-fund has now reached 5 years of track record demonstrating the value of its proposition and its resilience in periods of high volatility

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Since inception the strategy outperformed the EURO STOXX TR by 28.84%

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Historic Beta (3 years): 0.78

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Annualized Volatility (3 years): 16.3%

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Number of holdings: 75

Key Features

31/08/2020

Performance of the sub-fund

MTD

YTD

1y

3ys

5ys

SI (04 Nov., 2015)

As of 31 August 2020

5,26%

2,38%

9,42%

2,93%

44,75%

Sub-fund (USD I Acc.)

3,50%

-9,31%

-0,96%

1,18%

19,00%

15,91%

Benchmark

Performance data shown represents past performance and is no guarantee of, and not necessarily indicative of, future results. No express or implied liability or guarantee is assumed that the future performance will correspond to the performance described above. The value of and income from fund units or sub-fund units (“Units”) may fluctuate, rise or fall, so you may have a gain or a loss when the Units are sold. The performance of and income from the Units have to be reduced by costs and taxes. Current performance may be higher or lower than the quoted and no guarantee can be assumed that the investment objectives of the fund/sub-fund will be achieved.

Awards

ISR 2020-2023 label


Label ISR 2020-2023

Towards Sustainability label


"Towards Sustainability" Label

Source: Sycomore Asset Management

Monthly comment

In a bullish market, Sycomore Happy@Work continued to outperform its benchmark. Salesforce and Zalando rallied further this month after releasing outstanding quarterly earnings, as did Voltalia, which successfully met its annual targets after several projects were confirmed for the next quarter. Conversely, Focus Home suffered from profit taking after a recent rally and New Work was negatively impacted by several analyst recommendation changes, although both companies reported earnings in line with expectations. During the month, we initiated a new position in Alfen, an innovative and human-size company, benefiting from the structural trends supporting the energy transition.

Related Documents

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AUGUST 31, 2020

DOCUMENT

Monthly Factsheet
as of end of August

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MAY 31, 2020

DOCUMENT

Corporate responsibility
A moment of Truth

Sycomore logo

Sycomore is part of Generali Investments’ multi-boutique platform.

Founded in 2001, Sycomore Asset Management is an investment firm driven by a strong entrepreneurial spirit. Sycomore has been committed to delivering long-term returns by identifying the levers that enable a company to generate sustainable value. The firm’s expertise draws on a fieldwork approach and a proprietary corporate fundamental analysis model including financial and extra-financial criteria. Its team of 21 analysts-fund managers, including 7 ESG specialists, focus on assessing the overall performance of a company with respect to its stakeholders: shareholders, clients, employees, suppliers, civil society and the environment. Since 2015, Sycomore AM has expanded its range of social, societal and environmental impact funds: Sycomore Happy@Work, dedicated to human capital; Sycomore Eco Solutions, with a focus on natural capital; Sycomore Shared Growth, specialised in societal capital. Recently, the firm launched Sycomore Next Generation, a fund committed to providing a better future for the next generations. Sycomore AM is, amongst others, a member of the French and Italian SIF, the GIIN (Global Impact Investing Network) and the IIGCC (Institutional Investors Group on Climate Change). The investment firm is continuing its work on quantifying environmental and social impacts.

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