The provisional figure for the total assets under management (AuM) by Robeco at the end of 2003 is EUR 108.2 billion relative to EUR 99.3 billion a year earlier, an increase of EUR 8.9 billion. On balance new investments by clients amounted to EUR 4.2 billion. Including leverage effects, this led to an increase of EUR 6.3 billion. More than EUR 0.6 billion was distributed as dividend and interest. Market developments accounted for growth in AuM of EUR 9.5 billion. The dollar's depreciation against the euro on the other hand was responsible for a negative effect of EUR 6.3 billion on the AuM at Robeco's US subsidiaries.
In 2003 the proportion of alternatives in total assets under management rose from 8% to 11%. The percentage of equities increased from 39% to 41%. The share of fixed-income declined from 38% to 33%. Balanced and Money Markets were unchanged, at 6% and 9% respectively.
About Robeco
Robeco provides discretionary asset management products and services, as well as a complete range of mutual funds to a large number of institutional and retail clients worldwide. Robeco's product range encompasses fixed-income and equity investments, as well as balanced accounts, money-market funds and alternative investments.
Robeco distributes its funds for the retail market directly, and through other financial institutions. Several of its mutual funds, including the flagship Robeco N.V., are listed on major European stock exchanges such as Amsterdam, Paris, Frankfurt and London.
As well as from its head office in Rotterdam, Robeco services its clients from its European offices in Belgium, France, Luxembourg, Switzerland, Germany and Spain. In the United States, Robeco has offices in New York, Chicago and San Francisco (Weiss, Peck & Greer), Boston (Boston Partners), White Plains (Sage Capital Management) and Toledo (Harbor Capital Advisors).
Robeco is the center for asset management with full operational independence within the Rabobank Group. The combination of the highest credit ratings from the major international rating agencies and the highest Sustainability Cluster Score within the banking sector reflects the high added value Rabobank has always offered its investors, members, clients and employees.