Asset management
A good year for investments
2010 was a good year for investments on average. Investment returns
stood at EUR 15.3 billion. Positive currency effects, the inflow of assets and
higher share prices contributed to an increase in assets managed and held
in custody by 17% to EUR 270.4 billion. Total inflow of assets into Robeco,
Sarasin and Schretlen Co amounted to EUR 9.7 billion in 2010. Net profit
from asset management activities was up EUR 154 million, rising to
EUR 167 million, thanks to higher commission, and in part to higher
interest income. Of the Robeco funds, 63% outperformed the benchmark
in 2010. Robeco subsidiaries Transtrend and Harbor Capital Advisors also
achieved handsome returns for their clients. The Sarasin funds also
performed well; one-third of them were ranked in the top 25% of their
benchmark group. Efforts to increase the sustainability of the investment
offering continued, as illustrated by the introduction of new sustainable
investment funds. Of the total investment portfolio, 7% is now comprised
of sustainable investments.
Strategy for asset management
www.robeco.com,www.sarasin.com,www.schretlen.com
Robeco, Sarasin and Schretlen Co are leading national and international asset managers
and private banks. With their broad product range and specialised investment teams, they
offer tailored investment and asset management services to investors of every kind. Rabo
Direct Beleggen offers independent investors a choice from a range that includes Robeco
and Sarasin funds. Rabobank Private Banking and Schretlen Co offer estate planning and
asset management services to high net-worth clients. Robeco and Sarasin provide services to
large institutional investors. Internationally, Robeco and Sarasin offer investment services to
high net-worth individuals, among other clients, with responsible investing taking pride of
place. Factors related to environment, society and good governance were further embedded
in the processes.
Robeco strategy revised
When, early in 2010, Robeco decided on its strategy for the period to 2014, it made a number
of clear choices. Robeco wants to strengthen its market leadership in the Netherlands. In the
institutional investment market, it intends to double its market share by offering pension
Rabobank Group strategy Contribution to group strategy
All-finance market leader in the Netherlands
- Offering, through various distribution channels, a broad range of investment funds and
asset management services to clients of every kind
International food and agri bank
- Offering products in the areas of sustainability and cleantech
41
Asset management
Share in Rabobank Group's
net profit for 2010
Asset management
and investment 6%