Degroof Petercam AM rebrands food thematic fund

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Belgian investment firm Degroof Petercam Asset Management has slightly modified the investment goal of the DPAM Invest B Equities Agrivalue, a sub-fund of the DPAM Invest B Sicav, that will be renamed to DPAM Invest B Equities Sustainable Food Trends as from 26 February 2018, InvestmentEurope has learned.

The fund, which was launched in December 2007 and had €56.18m in assets under management as at end of December 2017, mainly invests in stocks involved in the production-distribution chain of the agri-foodstuffs sector and other related sectors like forestry.

In a note to shareholders, Degroof Petercam AM has added to the fund’s investment goal details that companies will be selected on the basis of their respect of environmental, social and governance criteria (ESG) as from 26 February 2018.

The fund, run by lead portfolio manager Alexander Roose, is registered for sale in Austria, Belgium, Switzerland, Spain, Germany, France, Italy and Luxembourg.

The DPAM Invest B Equities Sustainable Food Trends has delivered annualised returns of 3.72% since inception to 31 December 2017. the fund’s three top positions were Agrium (5.1%), CF Industries Holdings (5%) and Frutarom Industries (4.2%) as of end-December 2017. The food processing sector formed 52% of stocks held in the portfolio.