Edmond de Rothschild

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This site provides extensive information about the ranges of Edmond de Rothschild Group funds. In particular, it provides simplified access to key fund-related data (performance, net asset values, features) and their commercial or legal documents.

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EdR Equity Euro Core Europe equities

Europe equities
Change in NAV (17/01/2018)
190.23 EUR
Marc  HALPERIN–FR0010890137–
Marc HALPERIN
Anthony PENEL–FR0010890137–
Anthony PENEL
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
> 5 years
190.23 EUR
Change in NAV (17/01/2018)
6
1234567
Risk and reward profile
> 5 years
Recommended holding period
Change in NAV (17/01/2018)
190.23 EUR
Risk and reward profile
1234567
Recommended holding period
> 5 years
Marc HALPERIN  
Anthony PENEL  
The identity of the managers presented in this document may change during the life of the product.
Contact

Investment objective

The UCITS' investment objective is to seek performance through exposure to equity markets, primarily in the Eurozone, by selecting, on a discretionary basis, securities from an investment scope comparable to the MSCI EMU index.

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Commentary 29/12/2017

European markets have followed the ups and downs surrounding the adoption of tax reform in the United States: with the MSCI EMU losing -0.9% over the month, while its ex-euro zone counterpart gained +2.7%. The euro's continued rise, regaining its September highs, impacted the month end. The United Kingdom has distinguished itself, having reached an agreement with the European Union on its Brexit bill and the future of the border with Ireland. In contrast, Italy and Spain have been suffering from the return of political risk with, in case of the former, the resignation of the Italian prime minister on December 28, opening the prospect of a general election on March 4. In Catalonia, the elections have not clarified the situation, with the separatists retaining a majority of the seats but trailing Ciudadanos, which supports a Catalonia that remains in Spain. Meanwhile, in Germany negotiations are continuing on the formation of a coalition government between the CDU and the SPD. At the macro level, confidence surveys have surprised us with a yet another rise, with December's preliminary PMIs at 60.4 for the manufacturing sector (an historic record going back to mid-1997) and 56.5 for services (its highest since April 2011). Annual inflation was confirmed at 1.5% in November (against 1.4% in October), with underlying inflation at 0.9% (as in October). In sector terms, rising prices for oil and industrial metals pushed oil stocks and basic materials to the top of the rankings. At the other end of the spectrum, utilities were penalised by Innogy/RWE's rate hike and profit warning. During the month we sold Airbus, the portfolio's classic corporation: its fundamentals remain as convincing as ever, but the stock has reached our price target.

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Change in NAV

Chart – Base 100 (17/01/2018)
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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 E-EUR Cumulative Annualised
Since 01/01/2018

4.01 %

3.42 %

4.01 %

3.42 %

1 Year

16.00 %

16.17 %

16.00 %

16.17 %

3 Year

33.94 %

30.44 %

10.21 %

9.24 %

5 year

63.19 %

65.75 %

10.28 %

10.63 %

Since inception

90.24 %

79.00 %

8.79 %

7.92 %

Since 01/01/2018 1 Year 3 Year 5 year Since inception
Cumulative

Share class (E-EUR)

Benchmark

4.01 %

3.42 %

16.00 %

16.17 %

33.94 %

30.44 %

63.19 %

65.75 %

90.24 %

79.00 %

Annualised

Share class (E-EUR)

Benchmark

16.00 %

16.17 %

10.21 %

9.24 %

10.28 %

10.63 %

8.79 %

7.92 %

*Rolling periods

Annual performance



Statistics

VolatilityTracking ErrorCorrelation coefficientInformation ratioSharpe ratio
Share class E-EURBenchmarkShare class E-EURBenchmarkShare class E-EURBenchmarkShare class E-EURBenchmarkShare class E-EURBenchmark
1 Year*8.78 %9.24 %3.30 %0.93 %-0.13 %1.39 %
3 Year *15.01 %14.59 %3.02 %0.98 %0.33 %0.62 %
Max. drawdownAlphaBeta
Share class E-EURBenchmarkShare class E-EURBenchmarkShare class E-EURBenchmark
1 Year*-5.50 %0.02 %0.89 %
3 Year *-25.51 %0.08 %1.01 %
Max. monthly gain Since inception14.47 %
Max. monthly loss Since inception-19.84 %
Share class E-EUR
Benchmark
1 Year* 3 Year * 1 Year* 3 Year *
Volatility 8.78 % 15.01 % 9.24 % 14.59 %
Tracking Error 3.30 % 3.02 %
Sharpe ratio 1.39 % 0.62 %
Alpha 0.02 % 0.08 %
Correlation coefficient 0.93 % 0.98 %
Information ratio -0.13 % 0.33 %
Max. monthly loss -19.84 %
Max. monthly gain 14.47 %
Max. drawdown -5.50 % -25.51 %
Beta 0.89 % 1.01 %

Fund information

Inception Date (Fund)
21/01/1981
Inception Date (Part)
01/06/2010
Legal form
Mutual Fund
Benchmark
MSCI EMU (NR)
Currency (fund)
EUR
Currency (share class)
EUR
Distribution Policy
Accumulation
Valuation frequency
Daily
Minimum initial investment
1 Share
ISIN Code
FR0010890137
AuM (fund)
330 M (EUR)
Regulatory authority
AMF
Management company
Edmond de Rothschild Asset Management (France)
Incorporation
France
Maximum management fee
2,400 %
Current management fee
2.400 %
Subscription and redemption conditions
Daily before 12.30 am C.E.T. on day's net asset value
Subscription fee
3.00 % 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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