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ACATIS News

More than 25 years of value for investors

ACATIS Investment KVG mbH celebrates 25 years

ACATIS Investment Kapitalverwaltungsgesellschaft has successfully created value for its investors for more than 25 years and now manages assets of EUR...

Kategorie: Company News
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"Machine beats human": German boutique unveils 2019 motto

Report about ACATIS on citywireselector, 21.05.2019

German boutique Acatis Investments has handed three of its equity funds over to artificial intelligence (AI) and says that the year ahead will be...

Kategorie: Press
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How to invest in China?

A talk with the expert Prof. Dr. Ingo Beyer von Morgenstern...

Seasoned China expert and research partner of our ACATIS QILIN...

Kategorie: Videos & TV
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IVIC - International Value Investing Conference

5th - 6th November 2019, DoubleTree Hilton, Luxembourg

The International Value Investing Conference IVIC will take place...

Kategorie: Events
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"BUZZ (AI) fund management!"

by Marie Ballorain, Institutional Sales, France and Belgium

Do you know how Jamie Wise, our Canadian research partner for the ACATIS AI BUZZ US Equities fund, heard about ACATIS? Through the online “BUZZ” of...

Kategorie: Blog
Read more

"Why I like selling ACATIS GANÉ Value Event Fonds? Endless reasons..."

by Eva Zaragoza, Institutional Sales

... But, results speak by themselves. Top results one, three and five years, volatility around 8%, still, one of the things I like the most, is the...

Kategorie: Blog
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"Persistent Systems Undervaluated?"

by Siddharth Mehta-Thomas, Beaconsfield Investment Management, advising on ACATIS Investment

Persistent Systems is a mid-tier IT Services company based in India. The company has a revenue of USD 471 million. The company previously outperformed...

Kategorie: Blog
Read more

"ACATIS IfK Value Renten - Deserves all the credit"

by Frits Nieuwenhuijsen, Institutional Sales

Talking to investors about bonds is much different for me than talking to them about equities. With bonds we talk about risks, and with equities we...

Kategorie: Blog
Read more

ACATIS Strategies

Value
We invest if a security’s fair value is higher than its market price. We invest in undervalued equities, countries, sectors, funds, or fixed-income securities. In our funds we hold value, growth and turnaround securities that are trading at a substantial discount to their fair value. Where necessary, we hedge against price shocks. With our systematic methodology we achieve significantly higher returns over the longer term compared to other investment techniques.

Artificial Intelligence (AI)
We have been working on artificial intelligence (AI) and its use in portfolio management for several years now. In 2017, we launched the world’s first mutual fund whose stock selection and portfolio construction process is entirely controlled by artificial intelligence. Another fund followed in 2017 and 2018.

Sustainability
We have also been successfully offering funds in the area of sustainable investments for many years. The criteria used in our sustainability funds were developed together with investors by Swiss-based ACATIS Fair Value Investment AG, which advises us in the sustainability field. The sustainability research is also based on imug/Vigeo EIRIS and an independent sustainability advisory board that monitors compliance with the sustainability criteria and their topicality.

 

ACATIS Awards

Acatis is a specialised value manager in asset management

Value Investing

ACATIS is a specialised value manager in asset management.

An investment style that is based on the “genuine“ value of companies and markets, we believe, will out-perform a passive or trend-oriented investment policy in the long term. Whilst wider price fluctuations may occur with this style, value investing is successful in the long term, due to the fact it is geared towards the value and not the price of companies.

Over the long-term, value investing has indeed out-performed other approaches. The most successful investor of our time (billionaire Warren Buffett from Omaha, Nebraska) has always been a value investor. Take for example ACATIS’ flagship global equity fund (ACATIS Aktien Global), which has returned 550% since inception (vs. 340% MSCI World).

Value investing is the embodiment of what ACATIS has been practising successfully since 1994 – and for which it has been rewarded with good consistent performance and numerous awards.
 

Value investing in practice

On a monthly ongoing basis, we screen global equity markets and come away with a few stocks that meet our criteria of favourable valuations and high quality.

Our computers have estimated a fair value price and calculated performance indicators for more than 50,000 global stocks that are in our universe. Among these stocks we find one to three each month that satisfy our value criteria. We buy companies with the intention of holding them for several years - only selling them once they exceed their fair value price. We are not influenced by short-term news flow.

This ideology has produced positive returns in the equity funds managed by ACATIS, which funds returning anywhere between 8-10% on an annualised basis.

Investmentsfonds

ACATIS currently manages several investment funds, including equity, mixed and bond funds as well as mandates. In addition, four funds pursue the aspect of sustainability. Three funds are managed on the basis of artificial intelligence. The flagship fund ACATIS Aktien Global Fonds was launched in 1997.

Sustainability – has been an important issue for ACATIS for decades

ACATIS has had an interest in sustainability for many years. When our partner Faik Yargucu joined the company, he was already responsible for marketing a very successful sustainability investment fund, Panda Renditefonds DWS, at the end of the 1990s. Therefore we - as convinced value investors - have considered this issue for a long time already. We are also convinced that ecology and sustainability will become more important in the future, also for financial investments.

In 2007/2008, we combined sustainability (Fair) and Value under the name “ACATIS Fair Value” together with the Swiss firm ACATIS Fair Value Investment AG, which is based in Walzenhausen, Switzerland. Managing Director and initiator Rainer Unterstaller is responsible for selecting companies based on sustainable and ethical aspects. This combination has proved to be a strong unique selling point and in the past delivered higher returns than individually applied strategies (over longer time periods). Our sustainability funds show: Sustainability is not a hobby, but rather can become a real performance criterion.

Initially, the globally-investing equity fund (ACATIS Fair Value Aktien Global, ISIN I0017502381) and a balanced fund (ACATIS Fair Value Modulor Vermögensverwaltungsfonds, ISIN LU0278152516) were converted to sustainability; the former Panda bond fund was added to this group in May 2010 under the new name ACATIS Fair Value Bonds (ISIN DE0009769844). We also manage special mandates with sustainable companies, and we are also an investment advisor for PRIMA Global Challenges, an index-tracking globally-investing equity fund.


What is Fair - how do we define sustainability?

This part is the responsibility of ACATIS Fair Value Investment AG. It selects companies according to sustainable and ethical aspects, the ACATIS Fair Value sustainability criteria. It supplies the investable stock universe that it defines together with Hanover-based rating firm Imug/ Vigeo-EIRIS, and which it approves through an independent sustainability advisory board (the “conscience” for the funds).

The criteria were developed together with our clients. They are continuously monitored and reviewed. In summary: Those companies that meet and comply with high standards regarding business, social, ethical and ecological criteria are selected. In more detail: We filter and assess based on a points system.

  • First, companies that breach our exclusion criteria are filtered out over several steps: Companies that e.g. breach the criteria for child labour (also in their supply chains), or companies involved in strategic armaments and weapons, embryonic stem cell research, green genetic engineering, corruption and financial fraud or companies that generate oil from tar sands and shale are removed. The criterion “companies excluded from the Norwegian sovereign wealth fund” has also been added.
  • Also excluded are companies that generate more than 5% of their sales revenues from e.g. alcohol, nuclear energy, gambling, pornography, armaments, tobacco and weapons.
  • Only companies with a positive ESG point score of more than 15 points for environment, social issues and governance remain in the sustainability process.
  • Especially positive companies that generate their sales revenues with products or services that contribute to achieving the sustainable development goals (SDGs) are subsequently filtered out.
  • The sustainability rating for countries, supranational organisations or local entities is also very refined. These issuers are assessed on the basis of the following criteria (among others): Possession of nuclear weapons, death penalty, share of nuclear energy over 15%. Countries that are deemed non-free states according to Freedom House, that have not ratified the UN biodiversity convention, that are rated low in the corruption perception index or that breach the Non-Proliferation Treaty are also excluded.

    Corruption is spreading in more and more countries. Our filter excludes countries affected by corruption. At this time, 94 countries are subjected to the country rating, and only 31 comply with our ethics criteria.

The result - approximately 2,700 companies, 500 bond issuers and 31 countries that meet our ACATIS Fair Value criteria.

First we run the “Fair” evaluation, and only then the Value evaluation according to our value investing criteria.

In our new brochure "ACATIS FAIR VALUE FONDS - Sustainability and Value Investing" you can find out more about the sustainability criteria, our sustainability and investment process and our three sustainability funds.

Quality standard for sustainable investments

FNG seal and transparency code

All of our sustainability funds feature the FNG seal (one star) and the logo for the transparency code.

The FNG seal was awarded for the first time in 2016. Only candidates that strictly comply with the high quality standards for sustainability investments in the German-speaking regions, which were developed by the Forum Nachhaltige Geldanlagen e.V. (FNG), are eligible for the seal. It provides investors with a rapid and secure orientation aid when investing in sustainable funds.

The transparency code is awarded by EUROSIF (European Sustainable and Responsible Investment Forum). The seal has been available for mutual funds since May 2008; it provides investors with a tool for determining - quickly and securely - whether the investment strategy complies with the sustainability requirements of the European Transparency Code.


Principles for Responsible Investment

Since 19 November 2018, we are a signatory of the investor initiative PRI, which was launched in partnership with the UNEP Finance Initiative and the UN Global Compact. In addition, our sustainability funds meet the even stricter ACATIS Fair Value sustainability criteria (see the text "What is Fair - how do we define sustainability?").


THE 17 SUSTAINABLE DEVELOPMENT TARGETS OF THE UN

We are facing serious economic, social and ecological challenges. To address these challenges, the United Nations has defined globally applicable priorities and targets until the year 2030 on the basis of Sustainable Development Goals (SDGs). They represent a unique opportunity for moving the world towards a sustainable future. Governments around the world have already committed to these targets. Now it is time for businesses to implement the relevant measures so that the targets can be met by the year 2030.

Ending global poverty is the top item on this list of 17 targets. This includes the fight against hunger and access to clean water. Other important targets include improving infrastructure, enforcing gender equality, peace and security, health care, sustainable consumer behaviour, climate protection and the protection of the world's oceans. In addition, all children worldwide shall have access to free elementary school education.

Artificial intelligence in portfolio management at ACATIS

Many people associate artificial intelligence (AI) with robots and self-driving cars. At the same time, the availability of huge volumes of mass data and the rapid increase in processing power also mean that AI is predestined for use in portfolio management. Through machine learning, key characteristics are detected over time, allowing the system to find patterns that even the most seasoned analyst would struggle to detect.

Application areas for AI in the investment segment include:

  • enterprise valuations
  • predictions of future “winner stocks”
  • portfolio optimisation
  • detection of critical text passages
  • identification of similar firms

Dr. Hendrik Leber shares developments regarding the four fund members
of the ACATIS AI-family at the 4th NextGen AI Aware Event

News

More than 25 years of value for investors

ACATIS Investment KVG mbH celebrates 25 years

ACATIS Investment Kapitalverwaltungsgesellschaft has successfully created value for its investors for more than 25 years and now manages assets of EUR...

Kategorie: Company News
Read more

ACATIS launches Asia fund on 11 June 2019

ACATIS QILIN Marco Polo Asien Fonds

In 2030, China will advance from its current second place to become the world's largest economy, which means that it will continue to account for the...

Kategorie: Company News
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European Funds Trophy for ACATIS

Award for best multi-country asset management

On March 8, ACATIS was awarded with the European Funds Trophy in Paris for best multi-country asset management in the category “Best Asset Manager”....

Kategorie: Company News
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Our 17th ACATIS Value Prize will be awarded this year

The submission deadline is 31 May 2019

Kategorie: Company News
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Performance like a beautiful painting

In December 2008, ACATIS launched three new funds - Ten years later, their respective performance and assets under management speak for themselves

Frankfurt am Main, 17 December 2018 In the second half of 2008, billions were lost in the market during the course of the financial crisis. In...

Kategorie: Company News
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ACATIS wishes you a Merry Christmas and a Happy New Year

Thank you very much for your trust and loyalty!

ACATIS Christmas greetings 2018

"Wishing you a Joyous and Festive Christmas 2018.
Along with thanks at year’s end for your trust and loyalty.
And our...

Kategorie: Company News
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16th ACATIS Value Prize awarded

Learn more about the prize winners

ACATIS Investment awards prizes to scientific papers on value-oriented investment strategies.

The ACATIS Value Prize, endowed with a total of 7,000...

Kategorie: Company News
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"Machine beats human": German boutique unveils 2019 motto

Report about ACATIS on citywireselector, 21.05.2019

German boutique Acatis Investments has handed three of its equity funds over to artificial intelligence (AI) and says that the year ahead will be...

Kategorie: Press
Read more

Value shares: where now?

Dr. Hendrik Leber talking to ChampionsNews, Universal Investment

They are fast, unstoppable and they have their finger on the pulse of new technological developments: digitally driven companies such as AirBNB,...

Kategorie: Press
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Italian push with German flavour

Report on the ACATIS GANÉ Value Event Fonds, investmenteurope.net, 08/2018

ACATIS GANÉ Value Event Fonds was made available for retail investors in Italy in May 2018, on the verge of its 10th anniversary.

Read the full...

Kategorie: Press
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How to invest in China?

A talk with the expert Prof. Dr. Ingo Beyer von Morgenstern (Qilin Capital)

Seasoned China expert and research partner of our ACATIS QILIN Marco Polo Asia Fund, Prof. Dr. Ingo Beyer von Morgenstern from Qilin Capital, explains...

Kategorie: Videos & TV
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Videos of the 16th ACATIS Value Conference online

Watch the videos here.

"Brave New World"
 

Three presentations from our annual Value Conference were simultaneously translated and recorded. You can find the videos on our ...

Kategorie: Videos & TV
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5-minute AI pitch at the 8th Global Family Office Summit in Dubai

Kevin Endler, Head of Quantitative Portfolio Management and Artificial Intelligence

Kevin Endler, our Head of Quantitative Portfolio Management and Artificial Intelligence, gave a 5-minute Artificial Intelligence pitch at the 8th...

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"Mein Geld TV" - One-on-One about Artificial Intelligence at ACATIS

Kevin Endler in interview with Isabelle Hägewald

One-on-One - the expert talk of Mein Geld TV: Kevin Endler, our Head of Quantitative Portfolio Management, in an interview with Isabelle Hägewald at...

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ACATIS AI BUZZ US Equities - Sentiment Analysis Meets Artificial Intelligence

FONDS professionell KONGRESS 2019, Jamie Wise presented our latest AI Fund

On invitation by ACATIS Investment, Jamie Wise from BUZZ Indexes presented our latest artificial intelligence led fund, ACATIS AI BUZZ US Equities at...

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Dr. Hendrik Leber shares developments regarding the four fund members of the ACATIS AI-family

Livestream Recording, 4th NextGen AI Aware Event

Click here to watch the livestream recording given by Dr. Hendrik Leber and Jamie Wise at the 4th NextGen AI Aware Event.

Kategorie: Videos & TV
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90-second quick-fire showcase on our AI Global Equity Fund

by Amit Kapoor, Institutional Sales UK and International

Last week, Amit Kapoor, Institutional Sales of ACATIS in UK and International, took part in the Fund Forum Berlin. The conference’s main themes this...

Kategorie: Videos & TV
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Searching for Investor Sentiment Across Online Platforms with AI

Jamie Wise, BUZZ Indexes, at our Value conference 2018

Here you can see the whole presentation of Jamie Wise, BUZZ Indexes:
https://www.youtube.com/watch?v=EdmT9hoojrE&list=PLf5u9d7zdzkY45R_uJOAX-JkjVJL0-J...

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What do Race Drivers and Cows Have in Common? Realtime Monitoring of Animals and Humans

Prof. Daniel Berckmans at our Value Conference 2018

Here you can see the complete presentation of Prof. Berckmans:

https://www.youtube.com/watch?v=Y3vpLRVDrYs&index=7&list=PLf5u9d7zdzkb09XdMePGvhrGk615...

Kategorie: Videos & TV
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IVIC - International Value Investing Conference

5th - 6th November 2019, DoubleTree Hilton, Luxembourg

The International Value Investing Conference IVIC will take place on November 5 and 6 at the DoubleTree Hilton Hotel in Luxembourg. The goal of the...

Kategorie: Events
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"BUZZ (AI) fund management!"

by Marie Ballorain, Institutional Sales, France and Belgium

Do you know how Jamie Wise, our Canadian research partner for the ACATIS AI BUZZ US Equities fund, heard about ACATIS? Through the online “BUZZ” of...

Kategorie: Blog
Read more

"Why I like selling ACATIS GANÉ Value Event Fonds? Endless reasons..."

by Eva Zaragoza, Institutional Sales

... But, results speak by themselves. Top results one, three and five years, volatility around 8%, still, one of the things I like the most, is the...

Kategorie: Blog
Read more

"Persistent Systems Undervaluated?"

by Siddharth Mehta-Thomas, Beaconsfield Investment Management, advising on ACATIS Investment

Persistent Systems is a mid-tier IT Services company based in India. The company has a revenue of USD 471 million. The company previously outperformed...

Kategorie: Blog
Read more

"ACATIS IfK Value Renten - Deserves all the credit"

by Frits Nieuwenhuijsen, Institutional Sales

Talking to investors about bonds is much different for me than talking to them about equities. With bonds we talk about risks, and with equities we...

Kategorie: Blog
Read more

"Samsonite at half price"

by Siddharth Mehta-Thomas, Beaconsfield Investment Management, advising on ACATIS Investment

Samsonite Ltd is the world's largest manufacturer of luggage and travel accessories. The company has nearly $4 billion in sales with contributions...

Kategorie: Blog
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"Nothing lasts forever"

by Amit Kapoor, Institutional Sales, UK and International

For me, diversification during all market cycles is a key factor for investors looking to achieve long-term value preservation and growth of their...

Kategorie: Blog
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„ACATIS GANÉ Value Event - so exceptional!”

by Marie Ballorain, Institutional Sales France and Benelux

I believe the most difficult part when you are a sales person is to find the right “pitch” about the fund you market and why would an investor pick...

Kategorie: Blog
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"Read about Redington India"

by Siddharth Mehta-Thomas, Beaconsfield Investment Management, advising on ACATIS Investment

Redington India is the second largest distributor of digital products in the country. It also has a global presence primarily in the Middle East and...

Kategorie: Blog
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„Why I like selling ACATIS Aktien Deutschland ELM“

by Eva Zaragoza, Institutional Sales, Iberian Peninsula, Italy and UK

To those willing to get exposure to the real german market, be aware guys! The german market is far much wider than the DAX and this is why I like our...

Kategorie: Blog
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ACATIS GANÉ - Time to Event

by Frits Nieuwenhuijsen, Institutional Sales Netherlands

After having advised investors on equities for many years, I joined ACATIS Investment at the beginning of 2019 as an advisor to institutional...

Kategorie: Blog
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Share report: NOCIL

by Siddharth Mehta-Thomas, Beaconsfield Investment Management, advising on ACATIS Investment

Kategorie: Blog
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“FAANG”ing out with the best of them!

by Amit Kapoor, Institutional Sales, UK and International

Kategorie: Blog
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Why is ACATIS AI Global Equities so unique?

by Marie Ballorain, Institutional Sales, France and Benelux

Kategorie: Blog
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"A crazy week in India"

by Siddharth Mehta-Thomas, Beaconsfield Investment Management, advising on ACATIS Investment

ICICI Securities is India's leading share brokerage platform with over 10% market share and 4.1 million active clients, deriving its strength from its...

Kategorie: Blog
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Share report: Unichem Labs.

by Siddharth Mehta-Thomas, Beaconsfield Investment Management, advising on ACATIS Investment

Unichem Labs. (BSE:UNICHEMLAB) is a 74 year-old trusted pharmaceutical firm supplying drugs globally including to important markets like US and...

Kategorie: Blog
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