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Disclaimer

1. General
Please read this information carefully.

This website is prepared and issued by Robeco Hong Kong Limited ("Robeco"), which is a corporation licensed by the Securities and Futures Commission in Hong Kong to engage in Type 1 (dealing in securities); Type 2 (dealing in futures contracts); Type 4 (advising in securities) and Type 9 (asset management) regulated activities. The Company does not hold client assets and is subject to the licensing condition that it shall seek the SFC’s prior approval before extending services at retail level. This website has not been reviewed by the Securities and Futures Commission or any regulatory authority in Hong Kong.

2. Important risk disclosures
Important risk disclosures Robeco Capital Growth Funds (“the Funds”) are distinguished by their respective specific investment policies or any other specific features. Please read carefully for the risks of the Funds:

  • Some Funds are subject to investment, market, equities, liquidity, counterparty, securities lending and foreign currency risk and risk associated with investments in small and/or mid-capped companies.

  • Some Funds are subject to the risks of investing in emerging markets which include political, economic, legal, regulatory, market, settlement, execution, counterparty and currency risks.

  • Some Funds may invest in China A shares directly through the Qualified Foreign Institutional Investor (“QFII”) scheme and / or RMB Qualified Foreign Institutional Investor (“RQFII”) scheme and / or Stock Connect programmes which may entail additional clearing and settlement, regulatory, operational, counterparty and liquidity risk.

  • For distributing share classes, some Funds may pay out dividend distributions out of capital. Where distributions are paid out of capital, this amounts to a return or withdrawal of part of your original investment or capital gains attributable to that and may result in an immediate decrease in the net asset value of shares.

  • Some Funds’ investments maybe concentrated in one region / one country / one sector / around one theme and therefore the value of the Fund may be more volatile and may be subject to concentration risk.

  • The risk exists that the quantitative techniques used by some Funds may not work and the Funds’ value may be adversely affected.

  • In addition to investment, market, liquidity, counterparty, securities lending, (reverse) repurchase agreements and foreign currency risk, some Funds are subject to risk associated with fixed income investments like credit risk, interest rate risk, convertible bonds risk, ABS risk and the risk of investments in non-investment grade or unrated securities and the risk of investments made in non-investment grade sovereign securities.

  • Some Funds can use derivatives extensively. Robeco Global Consumer Trends Equities can use derivatives for hedging and efficient portfolio management. Derivatives exposure may involve higher counterparty, liquidity and valuation risks. In adverse situations, the Funds may suffer significant losses (even a total loss of the Funds’ assets) from its derivative usage.

  • Robeco European High Yield Bonds is subject to Eurozone risk.

  • Investors may suffer substantial losses of their investments in the Funds. Investor should not invest in the Funds solely based on the information provided in this document and should read the offering documents (including potential risks involved) for details.

3. Local legal and sales restrictions
The Website is to be accessed by “professional investors” only (as defined in the Securities and Futures Ordinance (Cap.571) and/or the Securities and Futures (Professional Investors) Rules (Cap.571D) under the laws of Hong Kong). The Website is not directed at any person in any jurisdiction where (by reason of that person’s nationality, residence or otherwise) the publication or availability of the Website is prohibited. Persons in respect of whom such prohibitions apply or persons other than those specified above must not access this Website. Persons accessing the Website need to be aware that they are responsible themselves for the compliance with all local rules and regulations. By accessing this Website and any of its pages, you acknowledge your agreement with understanding of the following terms of use and legal information. If you do not agree to the terms and conditions below, do not access this Website or any pages thereof.

The information contained in the Website is being provided for information purposes.

Neither information nor any opinion expressed on the Website constitutes a solicitation, an offer or a recommendation to buy, sell or dispose of any investment, to engage in any other transaction or to provide any investment advice or service. The information contained in the Website does not constitute investment advice or a recommendation and was prepared without regard to the specific objectives, financial situation or needs of any particular person who may receive it. An investment in a Robeco product should only be made after reading the related legal documents such as management regulations, prospectuses, most recent annual and semi-annual reports, which can be all be obtained free of charge at www.robeco.com/hk/en and at the Robeco Hong Kong office.

4. Use of the Website
The information is based on certain assumptions, information and conditions applicable at a certain time and may be subject to change at any time without notice. Robeco aims to provide accurate, complete and up-to-date information, obtained from sources of information believed to be reliable. Persons accessing the Website are responsible for their choice and use of the information.

5. Investment performance
No assurance can be given that the investment objective of any investment products will be achieved. No representation or promise as to the performance of any investment products or the return on an investment is made. The value of your investments may fluctuate. The value of the assets of Robeco investment products may also fluctuate as a result of the investment policy and/or the developments on the financial markets. Results obtained in the past are no guarantee for the future. Past performance, projection, or forecast included in this Website should not be taken as an indication or guarantee of future performance, and no representation or warranty, express or implied, is made regarding future performance. Fund performance figures are based on the month-end trading prices and are calculated on a total return basis with dividends reinvested. Return figures versus the benchmark show the investment management result before management and/or performance fees; the fund returns are with dividends reinvested and based on net asset values with prices and exchange rates of the valuation moment of the benchmark.

Investments involve risks. Past performance is not a guide to future performance. Potential investors should read the terms and conditions contained in the relevant offering documents and in particular the investment policies and the risk factors before any investment decision is made. Investors should ensure they fully understand the risks associated with the fund and should also consider their own investment objective and risk tolerance level. Investors are reminded that the value and income (if any) from shares of the fund may be volatile and could change substantially within a short period of time, and investors may not get back the amount they have invested in the fund. If in doubt, please seek independent financial and professional advice.

6. Third party websites
This website includes material from third parties or links to websites maintained by third parties some of which is supplied by companies that are not affiliated to Robeco. Following links to any other off-site pages or websites of third parties shall be at the own risk of the person following such link. Robeco has not reviewed any of the websites linked to or referred to by the Website and does not endorse or accept any responsibility for their content nor the products, services or other items offered through them. Robeco shall have no liability for any losses or damages arising from the use of or reliance on the information contained on websites of third parties, including, without limitation, any loss of profit or any other direct or indirect damage. Third party off-site pages or websites are provided for informational purposes only.

7. Limitation of liability
Robeco as well as (possible) other suppliers of information to the Website accept no responsibility for the contents of the Website or the information or recommendations contained herein, which moreover may be changed without notice.

Robeco assumes no responsibility for ensuring, and makes no warranty, that the functioning of the Website will be uninterrupted or error-free. Robeco assumes no responsibility for the consequences of e-mail messages regarding a Robeco (transaction) service, which either cannot be received or sent, are damaged, received or sent incorrectly, or not received or sent on time.

Neither will Robeco be liable for any loss or damage that may result from access to and use of the Website.

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10. Applicable law
The Website shall be governed by and construed in accordance with the laws of Hong Kong. All disputes arising out of or in connection with the Website shall be submitted to the exclusive jurisdiction of the courts of Hong Kong.

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Sustainable Investing

Fossil fuel alternatives

Finding alternatives to fossil fuels is essential if the world is to combat global warming. The current reliance on fossil fuels led by coal, oil and gas cannot be understated, as it used to supply 80% of the world’s energy.1 The energy sector subsequently generates about three-quarters of all greenhouse gases and is by far the largest contributor to global warming.2


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Coal, oil and gas dominate emissions by fuel type. Renewables except for biomass have virtually zero emissions.
Source: Our World in Data, 2020

But there are alternatives which are growing in use, particularly as the wind and solar energy sector acquires the scale it needs to be able to reliably supply electricity on the current scale of coal. The five primary alternatives to fossil fuels are renewable energy, nuclear power, hydrogen, biomass, and geothermal energy.

  • Renewable energy is defined as power derived from natural sources that can replenish themselves, such as wind, solar, tidal or hydroelectric. All are theoretically infinite, unlike fossil fuels which will run out at some point. Its main drawback is that if the wind doesn’t blow, the sun doesn’t shine or water levels are low, then the energy created can fall to zero.

  • Nuclear power is derived from splitting the uranium atom in a controlled way in a power station, creating nuclear fission. As no conventional fuel is burnt, nuclear power has zero greenhouse gas emissions. Its main drawbacks are the highly limited supplies of uranium, the dangers of accidents, and the fact that radioactive waste is difficult to dispose of.

  • Hydrogen is produced through the electrolysis of water into its constituent parts of hydrogen and oxygen. The electrolysis requires energy to work, and if this power comes from renewables (green hydrogen), then its only emissions are water vapor. If the energy comes from fossil fuels (gray or blue hydrogen) then it is less useful for cutting emissions.

  • Biomass is biological material that are either living or decaying, led by wood, plant, forest residues and compost material. Some crops such as rapeseed are specifically grown as biofuels. Many coal-fired plants are being converted to biomass in order to reduce emissions. Its main drawback is that burning biomass still produces greenhouse gases.

  • Geothermal power is harnessed from the Earth’s natural sources of heat, led by volcanic activity. It is the source of 30% of all electricity power in Iceland, which taps into thermal springs heated by molten rock lying thousands of meters below the surface. Its main drawback is that it is restricted to areas with volcanic sources.


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Investor interest in alternatives to fossil fuels is led by wind and solar power.
Source: Robeco Global Climate Survey 2021.

Creating returns that benefit the world we live in

Collectively, non-fossil fuel power is often known as ‘clean energy’, though some forms of it are cleaner than others. Nuclear, for example is clean but occasionally dangerous, as the Chernobyl and Fukushima nuclear power plant disasters showed, and there remains the issue of how to safely dispose of the radioactive waste.

Use of fossil fuel alternatives has grown exponentially in recent years, accounting for 23.2% of all energy sources for power generation in 2020.3 Hydrogen is particularly seen as an alternative fuel for heavy transport such as ships, trucks and even aircraft, though it relies on existing supplies of energy to be created. Tidal projects have largely been shelved as being too expensive.