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EdR Euro Sustainable Growth Thematic equities

Thematic equities
Change in NAV (19/10/2017)
224.31 EUR
Marc  HALPERIN–FR0010769729–
Marc HALPERIN
Jean-Philippe DESMARTIN–FR0010769729–
Jean-Philippe DESMARTIN
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
224.31 EUR
Change in NAV (19/10/2017)
6
1234567
Risk and reward profile
> 5 years
Recommended holding period
Change in NAV (19/10/2017)
224.31 EUR
Risk and reward profile
1234567
Recommended holding period
> 5 years
Marc HALPERIN  
Jean-Philippe DESMARTIN  
The identity of the managers presented in this document may change during the life of the product.
Contact

Investment objective

The UCITS' investment objective, over the duration of the recommended investment period, is to outperform its benchmark by investing in Eurozone companies, combining financial profitability with the implementation of a policy aiming to respect sustainable development criteria.

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Commentary 29/09/2017

Leading indices continued their uptrend in September, ignoring geopolitical crises and the political uncertainties in Europe. Statistics published in September confirm the previous months' positive trend: the Eurozone Composite PMI again surprised as it climbed to 56.7, to reach a 6-year high, thanks, in particular, to France and Germany. Inflation remains contained, flat-lining at 1.5% over one year. In this respect, the latest figures published confirm the leading central banks' strategy of gradually easing their QE programmes (Federal Reserve, ECB, Bank of Japan), which they have been working on since 2009. ECB chief Mario Draghi has clearly prepared the ground for the October meeting by suggesting a probable reduction in its asset repurchasing programme. In terms of sector performance, cyclicals have been doing well with macroeconomic statistics trending positively and the euro's turnaround, since it stopped appreciating. After stabilising in August following three months of uninterrupted decline, the automotive sector stands out for climbing once again thanks to much better-than-expected business indicators. Oil companies also performed well, with the sector benefiting from a 10% hike in crude prices in the wake of strong and ongoing global demand. Steepening European yield curves have been powering up banking and insurance stocks, with the latter also benefiting from an end to speculative anxiety over the damage hurricane Irma wrought in Florida. At the other end of the spectrum, the month's underperformances were due to the sectors that are inversely sensitive to interest rates (utilities, real estate, telecoms). Defensive sectors (food, consumer goods) did little better. In September the fund received its SRI label after an audit by EY. Founded and supported by the Ministry of Finance and the outcome of a long dialogue with stakeholders, this label aims to render investment products more transparent to savers in France and Europe.

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Change in NAV

Chart – Base 100 (19/10/2017)
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 I-EUR Cumulative Annualised
Since 01/01/2017

16.65 %

13.64 %

16.65 %

13.64 %

1 Year

18.53 %

21.02 %

18.53 %

21.02 %

3 Year

43.29 %

40.65 %

12.70 %

12.01 %

5 year

68.12 %

73.15 %

10.94 %

11.60 %

Since inception

124.31 %

121.41 %

10.21 %

10.04 %

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

Share class (I-EUR)

Benchmark

16.65 %

13.64 %

18.53 %

21.02 %

43.29 %

40.65 %

68.12 %

73.15 %

124.31 %

121.41 %

Annualised

Share class (I-EUR)

Benchmark

18.53 %

21.02 %

12.70 %

12.01 %

10.94 %

11.60 %

10.21 %

10.04 %

*Rolling periods

Annual performance



Statistics

VolatilityTracking ErrorCorrelation coefficientInformation ratioSharpe ratio
Share class I-EURBenchmarkShare class I-EURBenchmarkShare class I-EURBenchmarkShare class I-EURBenchmarkShare class I-EURBenchmark
1 Year*9.93 %11.22 %3.69 %0.94 %-1.13 %2.02 %
3 Year *14.10 %14.86 %3.26 %0.97 %0.23 %0.62 %
Max. drawdownAlphaBeta
Share class I-EURBenchmarkShare class I-EURBenchmarkShare class I-EURBenchmark
1 Year*-5.21 %0.84 %
3 Year *-23.28 %0.11 %0.93 %
Max. monthly gain Since inception14.27 %
Max. monthly loss Since inception-19.24 %
Share class I-EUR
Benchmark
1 Year* 3 Year * 1 Year* 3 Year *
Volatility 9.93 % 14.10 % 11.22 % 14.86 %
Tracking Error 3.69 % 3.26 %
Sharpe ratio 2.02 % 0.62 %
Alpha 0.11 %
Correlation coefficient 0.94 % 0.97 %
Information ratio -1.13 % 0.23 %
Max. monthly loss -19.24 %
Max. monthly gain 14.27 %
Max. drawdown -5.21 % -23.28 %
Beta 0.84 % 0.93 %

Fund information

Inception Date (Fund)
05/07/1984
Inception Date (Part)
30/06/2009
Legal form
Mutual Fund
Benchmark
MSCI EMU (NR)
Currency (fund)
EUR
Currency (share class)
EUR
Distribution Policy
Accumulation
Valuation frequency
Daily
Minimum initial investment
500000.00 EUR
ISIN Code
FR0010769729
AuM (fund)
72 M (EUR)
Regulatory authority
AMF
EU Regulation
UCITS
Management company
Edmond de Rothschild Asset Management (France)
Incorporation
France
Maximum management fee
1,000 %
Current management fee
1.000 %
Subscription and redemption conditions
Daily before 12.30 am C.E.T. on day's net asset value
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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