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EdR Equity Europe Solve Europe equities

Europe equities
NAV (23/02/2017)
102.91 EUR
Michael  NIZARD–FR0013131893–
Michael NIZARD
Thomas IGNACZAK–FR0013131893–
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
> 3 years
102.91 EUR
NAV (23/02/2017)
Risk and reward profile
> 3 years
Recommended holding period
NAV (23/02/2017)
102.91 EUR
Risk and reward profile
Recommended holding period
> 3 years
Michael NIZARD  
The identity of the managers presented in this document may change during the life of the product.

Commentary 31/01/2017

While economic conditions are evidently still dynamic at present, the markets seem to be slowing down, and showing signs of a pause in reflation, which kicked in just over six months ago. The activity indices show improving morale both for business and consumers. It remains to be seen whether this enthusiasm will translate into concrete actions, in which case SME activity can be expected to accelerate soon. In Europe, the figure for German growth in 2016 has made quite an impression. At 1.9%, it slightly exceeded expectations and reached a five-year high. This continued improvement in activity indicators has not, however, stopped global indices from stabilising or even a slight correction being made to European and Japanese equities. This consolidation is also a result of market positioning, where everything has moved so fast in recent months, shifting as quickly as the upgrades in macroeconomic forecasts. So far, equity markets have been resilient in comparison with other market tends. In an environment characterised by improving economic data, we remain confident in equity potential with a baseline scenario that puts equity on an uptrend mainly by EPS. So looking ahead this year we are no longer counting on valuation multiples to climb. They have already appreciated strongly in the last few years and have mostly been the main driver of performance in the European equity markets.

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Change in NAV

Chart – Base 100 (23/02/2017)
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 U-EUR Cumulative performance Annualised performance
Since inception 2.91 %
Performance U-EUR Since 01/01/2017 1 Year 3 Year 5 year Since inception
Cumulative performance 2.91 %
Annualised performance

Fund information

Inception Date (Fund)
Inception Date (Part)
Legal form
Mutual Fund
56% MSCI Europe (NR)
44% EONIA Capitalise (EUR)
Currency (fund)
Currency (share class)
Distribution Policy
Valuation frequency
Minimum initial investment
10000000.00 EUR
AuM (fund)
119 M (EUR)
Regulatory authority
EU Regulation
Management company
Edmond de Rothschild Asset Management (France)
Maximum management fee
0,750 %
Current management fee
0.750 %

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.