FUNDS - ACATIS Fair Value Aktien Global
Last update on: 18/04/2018

ACATIS Fair Value Aktien Global

Investment Trusts
IFM Independent Fund Management AG
IFM, Independent Fund Management AG, Liechtenstein
Asset Manager
ACATIS Investment GmbH

Fund data (Equity Fund)

Fund size

(as of 31/03/2018)

55.07 mil. EUR
Share class size

(as of 31/03/2018)

18.64 mil. EUR
ISIN LI0017502381
Fund price (as of 18/04/2018)
Offer n.s.
Bid 220.22 Euro

Growth (as of 18/04/2018) *

10 Years 67.00 %
5 Years 55.85 %
3 Years 9.49 %
1 Year 10.21 %
Current year 0.86 %
Benchmark MSCI World

* in Euro (€)

Master data of Funds
Launch date 10/05/2004
Available in AT, CH, DE, LI
Fund type Equity Fund
Kind of fund Sustainability and ethical funds / Sustainability-/ Ethical fund
Aim of investment The aim of the ACATIS Fair Value Aktien Global, is mainly to achieve a high long-term capital growth. To achieve the investment objective the Fund invests its assets primarily in companies that are selected with special emphasis on ethics thought (especially high standards of corporate, social and environmental responsibility and ecological sustainability).
Investment strategy To achieve the investment objective the Fund invests its assets primarily (51%) in equity securities and securities (shares, cooperative shares, participation certificates, certificates, etc.) of companies worldwide, that take the principle of "sustainability" into account. Here, the issuers are mot restricted according their place of business or company size.
Investment process The selection of securities is based on a fundamental analysis. It will be specifically identified companies whose value is estimated to be stable and promising, but which are traded at prices significantly below their business value. The aim is to beat on the long-term the return of a passive or trend-oriented investment policy. ACATIS is one of the most successful and best known value investors in the german spoken area. Through our science oriented investment process, we find substance and results where others do not suspect it. We use investment strategies that have proven to work well and have their origin in scientific research. Every month we receive from the Compustat database account data to over 45,000 international companies. We only analyze companies above a specified minimum size, so that the number is reduced to 15,000.
On the basis of about 25 defined value criteria we filter through all the companies on their attractiveness. Of the 2375 companies which are classified according our criteria as ethical, sustainable business each month only one to three find the way to our funds. The high selectivity has in the past always very good stock market returns. Our portfolios are concentrated and have a low turnover rate.
The safety of our customers is important to us. Investment decisions are not taken from us on a gut level. Our IT-daughter ACATIS Research in Bochum supports us in the research with customized, Internet-based analysis modules.
Positive criteria Of particular importance are the positive criteria.; Due this in our investment universe are companies which are on a good way to an ethical, sustainable company.; As positive criteria are inter alia good management of social and environmental aspects of the business (environment, stakeholder, Corparate governance, human rights and supply chain); Research and product approaches in alternative areas such as Water purification, air pollution control, recycling, or alternative Energy ; policy for ethical problems and Responsibility or perceived, credible Progress in environmental and social fields.
Negative criteria for stocks and corporate bonds Governance:
- corruption and bribery
- violations of the UN Global Compact

Ethical and Social:
- abortion
- alcohol
- alcohol/spirits
- exploitative child labour
- embryonic research
- banned weapons
- gambling
- child labour
- weapons of mass destruction (ABC/CBRN)
- pornography
- spirits
- tobacco products
- violations of human rights
- violations of the ILO protocol
- weapons/armaments
- forced labour

- chlorine or agrochemicals (e.g. biocides)
- genetic engineering (agriculture)
- nuclear power
- nuclear energy (operation or component manufacture)

- controversial business practices
- environmentally harmful conduct

Negative criteria for government bonds Ethical and Social:
- death penalty
- dependent countries, according to Freedom House
- violations of human rights (countries)
- violations of Non-Proliferation Treaty of Nuclear Weapons (countries)

- non-ratification of the UN Convention on Biological Diversity

- nuclear energy by share of gross energy production
- corruption

Research done by imug/EIRiS

This fund profile is aligned with the fund company.



*no exclusion but part of the analysis


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