Ossiam Europe ESG Machine Learning
Equity · Europe · All Cap Blend
Figures refer to the share class ISIN LU0811899946, currency EUR, retail share class.
Key facts
- Management company
- OSSIAM-NGAM
- Asset class
- Equity
- Geography
- Europe
- Strategy
- All Cap Blend
- Share class currency
- EUR
- Share class inception
- 17.09.2012
- Fund size
- 64 million (as at 14.09.2026)
- Management fee
- 0.45%
- Performance fee
- No
- Liquidity
- Not available in this publication
- UCITS
- Yes
- Risk grade (SRRI)
- Not available in this publication
- Registered in Switzerland
- Yes
Price history
Fund and benchmark rebased to 100 at 02.10.2023.
Table view
| Period | From | Fund (100 at start) | Benchmark (100 at start) |
|---|---|---|---|
| 1Y | 03.10.2025 | 108.2 | 114.5 |
| Since 2023 | 02.10.2023 | 145.1 | 158.5 |
Total return: distributions reinvested.
In EUR, the currency of the share class shown.
Fund history to 29.09.2026.
Benchmark history to 29.09.2026.
Past performance is not a reliable indicator of future results, and the value of investments can fall as well as rise.
Performance against the benchmark
| 1M | 3M | 6M | YTD | 2025 | 2024 | 2023 | 1Y | 3Y | 5Y | Volatility | Sharpe R. | Max DD | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FundISIN LU0811899946, currency EUR, retail share class | 0.66 | 3.68 | 1.87 | 9.35 | 12.55 | 14.63 | 7.29 | 12.46 | 13.62 | 6.21 | 8.84 | 1.18 | -5.73 |
| BenchmarkSolactive Europe 600 NR EUR | 0.49 | 4.53 | 4.63 | 12.13 | 20.45 | 8.01 | 15.78 | 21.22 | 15.23 | 9.31 | 10.59 | 1.13 | -7.71 |
| Differencefund minus benchmark, in percentage points | 0.17 | -0.85 | -2.76 | -2.78 | -7.89 | 6.62 | -8.49 | -8.76 | -1.61 | -3.11 | – | – | – |
Within the list: OpenList — Active ETFs
Compared with the equity funds on OpenList — Active ETFs (8 funds), each in the share class and currency its list shows. Returns are in each share class's own currency and are not converted.
| This fund | Group median | Position | |
|---|---|---|---|
| Return 1Y | 12.46 | 27.02 | 8 of 8 |
| Return 3Y p.a. | 13.62 | 21.65 | 8 of 8 |
| 3Y p.a. over its own benchmark | -1.61 | 0.42 | 7 of 8 |
| Volatility 3Y | 8.84 | 13.59 | 1 of 7 (1 without a value) |
| Sharpe ratio 3Y | 1.18 | 1.17 | 3 of 7 (1 without a value) |
| Max drawdown 3Y | -5.73 | -8.63 | 1 of 8 |
| Management fee | 0.45% | 0.30% | 6 of 8 |
Position 1 is the highest value, except for volatility and the management fee, where 1 is the lowest; for max drawdown, 1 is the smallest fall.
Return against risk, 3 years
WSP report
Ask WSP which research is available for this fund and what it covers.
Enquire about WSP researchBack to the list: OpenList — Active ETFs
Performance: in %, in the currency of the share class shown. 3Y and 5Y are annualised. Volatility and Sharpe ratio are over three years; Max DD is the largest fall over three years.
– means not applicable. "Not available in this publication" means no value is shown here; it does not mean zero.
Period figures as of 31.08.2026.
This page is advertising within the meaning of the Swiss Financial Services Act. It is not an offer, a recommendation or investment advice. The prospectus and key information document for any fund shown may be obtained free of charge from its management company or Swiss representative
WSP commentary
Draft commentary, machine-generated from the fund's monthly factsheet dated 31.08.2026; key information document (PRIIPs), not yet reviewed by WSP.
Investment rationale
This fund is an actively managed UCITS equity ETF designed to deliver the net total return of a selection of equities listed in Europe while consistently integrating ESG matters. It sits in the equity asset class, carries a risk indicator of 3, and has a recommended holding period of 5 years, which positions it for long-term investors rather than short-term allocation. The intended investors are retail investors able to bear losses up to the amount invested. Its distinct role in a portfolio comes from its European equity exposure combined with ESG integration and a machine-learning-based selection approach, making it a differentiated satellite-style allocation rather than a plain benchmark tracker.
Investment strategy
The fund’s objective is to deliver the net total return of a selection of European listed equities while consistently integrating environmental, social and governance matters. It is invested for a minimum of 75% in equities or rights issued by companies having their registered office in the European Economic Area, excluding Liechtenstein, and may either gain exposure synthetically through total return swaps or invest directly in all or part of the selected equity securities; other derivatives may also be used on an ancillary basis for hedging and investment purposes. The named benchmark is the Solactive Europe 600 Index / Solactive Europe 600 Index NTR, which is used only for performance and carbon emission comparison purposes, and the portfolio is not constrained by it and may deviate significantly from its constituents. The share class is EUR-denominated, distributes no income because amounts are capitalized/reinvested, the ETF uses physical replication according to the fund data, and the recommended holding period is 5 years.
Investment philosophy
• The investment universe is European listed equities, with a minimum of 75% invested in equities or rights issued by companies having their registered office in the European Economic Area, excluding Liechtenstein.
• The fund is actively managed and applies an ESG-integrated investment strategy to select and weight equities; the portfolio is not constrained by the Solactive Europe 600 Index and may include securities not in the benchmark.
• Exposure can be obtained either synthetically through total return swaps referencing the selected equity portfolio or through direct investment in all or part of the equity securities selected under the strategy; ancillary derivatives may also be used for hedging and investment purposes.
• The benchmark referenced in the documents is the Solactive Europe 600 Index / Solactive Europe 600 Index NTR, used only for performance and carbon-emissions comparison, with monthly rebalancing shown for the index data.
• As of 28.08.2026, the top holdings were Legrand (3.94%), Air Liquide (3.80%), Iberdrola (3.80%), Orange (3.59%), Engie (3.57%), Sampo (2.84%), Kone (2.69%), Deutsche Boerse (2.63%), CaixaBank (2.27%) and Koninklijke Philips (2.19%); sector allocation is shown across Consumer Staples, Financials, Health Care, Industrials, Real Estate, Materials, Consumer Discretionary, Energy, Communication, Information Technology and Utilities.
The asset manager
The management company is Ossiam, which manages, administers and distributes the SICAV. The documents state that Ossiam is a French asset manager authorized by the Autorité des Marchés Financiers under agreement number GP-10000016 and is a subsidiary of Natixis Investment Managers, formerly Natixis Global Asset Management. The fund is a sub-fund of Ossiam Lux SICAV, a Luxembourg UCITS approved by the CSSF. Ossiam’s contact address is 36 rue Brunel, 75017 Paris, France.
Strengths
The fund combines European equity exposure, ESG integration and a machine-learning-based approach within an actively managed ETF format. Unlike a conventional index ETF, it uses the Solactive Europe 600 Index only as a comparison benchmark and allows significant deviation from benchmark constituents. The structure also allows either direct equity investment or synthetic exposure through total return swaps, which gives implementation flexibility within the stated strategy. The ongoing cost figure stated in the documents is 0.45%, and the fund is listed on SIX Swiss Exchange in EUR under Bloomberg ticker C2MV SW.
Risks
The named risks include market liquidity risk, which can amplify performance variation, and currency risk when the sums paid to the investor are in another currency. Because the strategy may use total return swaps and other derivatives, the documents identify counterparty risk linked to swap counterparties that are first-class financial institutions, and the fund may enter into multiple swap agreements with multiple counterparties. Sustainability risk is also explicitly identified, and the ESG methodology section notes that ESG data may be incomplete, inaccurate or unavailable, which can lead to incorrect inclusion or exclusion of securities.