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EdR Chinabsolute China equities

China equities
Change in NAV (17/03/2017)
49,278.30 USD
Wei-Wei  LI–FR0010886713–
Wei-Wei LI
Na YOU–FR0010886713–
The identity of the managers presented in this document may change during the life of the product.
Risk and reward profile (1)
Recommended holding period
> 5 years
49,278.30 USD
Change in NAV (17/03/2017)
Risk and reward profile
> 5 years
Recommended holding period
Change in NAV (17/03/2017)
49,278.30 USD
Risk and reward profile
Recommended holding period
> 5 years
Wei-Wei LI  
Na YOU  
The identity of the managers presented in this document may change during the life of the product.

Investment objective

The fund's objective is to seek a long term capital growth by investing in Chinese stocks listed in China and in Hong Kong, and in securities of non-Chinese companies that generate a significant part of their profits in China. Through an active selection of stocks, the fund offers investors access to China's economy growth. Edmond de Rothschild ChinAbsolute, subfund Edmond de Rothschild Mainland China is a non-leveraged ARIA funds, denominated in dollars, only for well-informed investors.

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Commentary 28/02/2017

China's February manufacturing PMIs point to continued strength in industrial activity growth. The official manufacturing PMI unexpectedly rebounded to 51.6 in February (vs. 51.3 in January, Consensus: 51.2). Separately, Caixin manufacturing PMI (whose sample is skewed towards SMEs and private companies) also rose to 51.7 in February (vs. 51.0 in January). Global Trade Leading indicator continues its upturn and suggests better external demand growth in the coming months. Meanwhile, domestic growth momentum still holds up well, with private sector investment showing signs of improvement. We therefore expect nominal GDP growth to accelerate to 10.9% YoY in Q1 (9.4% in FY17), providing policymakers more room to shift the focus towards reining in financial leverage and expanding the scope of the capacity reduction program. We believe the government will continue its tightening stance in monetary policy to slow the pace of credit expansion, with upside risks to PBoC benchmark one-year rates should global demand surprise on the upside or Fed rate hikes come faster than expected.

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Change in NAV

Chart – Base 100 (17/03/2017)
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 I-USD Cumulative performance Annualised performance
Since 01/01/2017 0.74 %  
1 Year -5.21 % -5.13 %
3 Year -13.05 % -4.54 %
5 year -9.84 % -2.05 %
Since inception -1.44 % -0.21 %
Performance I-USD Since 01/01/2017 1 Year 3 Year 5 year Since inception
Cumulative performance 0.74 % -5.21 % -13.05 % -9.84 % -1.44 %
Annualised performance -5.13 % -4.54 % -2.05 % -0.21 %


1 Year3 Year
Share class I-USD2.76 %3.40 %
Share class I-USD
1 Year 3 Year 1 Year 3 Year
Volatility 2.76 % 3.40 %
Tracking Error

Fund information

Inception Date (Fund)
Inception Date (Part)
Legal form
Mutual Fund
Currency (fund)
Currency (share class)
Distribution Policy
Valuation frequency
Minimum initial investment
5000000.00 USD
AuM (fund)
2 M (USD)
Regulatory authority
EU Regulation
Management company
Edmond de Rothschild Asset Management (France)
Delegated Management Company
Edmond de Rothschild Asset Management (Hong-Kong)
Maximum management fee
1,000 %
Current management fee
1.000 %
Subscription and redemption conditions
Subscriptions: by 12:30 C.E.T. on the business day preceding the establishement of the net asset value (a Thursday in most cases). Redemptions: by 12:30 C.E.T. 30 calendars days before the date the net asset value is established
Subscription fee
5.00 % 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.