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EdR Monde Flexible Flexible strategies

Flexible strategies
Change in NAV (15/09/2017)
286.98 EUR
Michael  NIZARD–FR0007023692–
Michael NIZARD
Benjamin MELMAN–FR0007023692–
Benjamin MELMAN
The identity of the managers presented in this document may change during the life of the product.
Risk and reward profile (1)
1234567
Recommended holding period
3 years
286.98 EUR
Change in NAV (15/09/2017)
4
1234567
Risk and reward profile
3 years
Recommended holding period
Change in NAV (15/09/2017)
286.98 EUR
Risk and reward profile
1234567
Recommended holding period
3 years
Michael NIZARD  
Benjamin MELMAN  
The identity of the managers presented in this document may change during the life of the product.
Contact

Investment objective

The UCITS' objective, over its recommended investment period, is to invest in bullish international equity markets whilst still adapting to any market downturns. To do this, the UCITS will rely on managing the equity risk by using hedging strategies, based on the discretionary management of geographical and thematic allocation, and on the opportunistic management of exposure to the interest rate and currency markets.

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Commentary 31/08/2017

Despite North Korea's condensation trails in the sky over Japan, global equity markets broke almost even in August, with the MSCI World index up +0.1%, on the rise for a tenth month in a row. Two factors have helped to offset geopolitical anxieties. Good macroeconomic indicators in the United States, Europe and China first, and then the reassuring note in the Federal Reserve's messages. The indices were surprisingly up-beat across the Atlantic and moving forward in the euro zone, Japan and in China in the second half of August. Then, the central bankers also played their cards. While the Fed reiterated its intention to continue normalising monetary policy and start tapering its balance sheet by the year end, it has also made clear that it will do so when it is calm and depending on the circumstances prevailing at the time. This precautious tone was echoed by the ECB. In Europe, the performance chart is much more mixed, with almost 10% between the best performers (utilities +3.9%) and the worst (media -5.3%). Utilities and commodities dominated debate given the hike in electricity prices and industrial metals, and the fall in yields. Naturally, the latter also impacted financials. And it didn't stop telecoms from falling again after their rebound at July's end. We are convinced that the momentum driving the global economy remains positive in the major economic regions, with corporate earnings having confirmed expectations of progress.

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Change in NAV

Chart – Base 100 (15/09/2017)
Avertissement
You are about to download the historical data for a portfolio. Please note that past performance is not an indication of future performance and it may vary over time. They may be affected, for example, by changes in exchange rates


Performance A-EUR Cumulative Annualised
Since 01/01/2017

4.68 %

4.68 %

1 Year

8.90 %

8.90 %

3 Year

13.20 %

4.22 %

5 year

35.87 %

6.32 %

Since inception

88.25 %

3.38 %

Since 01/01/2017 1 Year 3 Year 5 year Since inception
Cumulative

Share class (A-EUR)

Benchmark

4.68 %

8.90 %

13.20 %

35.87 %

88.25 %

Annualised

Share class (A-EUR)

Benchmark

8.90 %

4.22 %

6.32 %

3.38 %

*Rolling periods

Annual performance



Statistics

VolatilityMax. drawdown
Share class A-EURBenchmarkShare class A-EURBenchmark
1 Year*4.70 %-3.86 %
3 Year *7.49 %-16.83 %
Max. monthly gain Since inception12.71 %
Max. monthly loss Since inception-20.02 %
Share class A-EUR
Benchmark
1 Year* 3 Year * 1 Year* 3 Year *
Volatility 4.70 % 7.49 %
Tracking Error
Max. monthly loss -20.02 %
Max. monthly gain 12.71 %
Max. drawdown -3.86 % -16.83 %

Fund information

Inception Date (Fund)
01/09/1998
Inception Date (Part)
01/09/1998
Legal form
Mutual Fund
Currency (fund)
EUR
Currency (share class)
EUR
Distribution Policy
Accumulation
Valuation frequency
Daily
Minimum initial investment
1 Share
ISIN Code
FR0007023692
AuM (fund)
27 M (EUR)
Regulatory authority
AMF
Management company
Edmond de Rothschild Asset Management (France)
Incorporation
France
Maximum management fee
1,700 %
Current management fee
1.700 %
Subscription and redemption conditions
Daily before 10.00 am C.E.T. on day's net asset value
Subscription fee
2.00 % max
Performance fee
15,000 %

Fund documentation

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(1) The rating grades the funds on a scale from 1 to 7. This rating system is based on the average fluctuations of the net asset value over the past five years. It corresponds to the variation range of the portfolio upwards and downwards. If the net asset value is less than 5 years old, the rating is determined by other regulatory calculation methods. Historical data such as those used to calculate the rating may not be a reliable indication of the future risk profile. The current category is neither a guarantee nor an objective. Category 1 does not signify a risk-free investment.

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