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 Euro Sustainable Growth Thematic equities

Thematic equities
Change in NAV (12/07/2018)
228.51 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
228.51 EUR
Change in NAV (12/07/2018)
5
1234567
Risk and reward profile
> 5 years
Recommended holding period
Change in NAV (12/07/2018)
228.51 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 29/06/2018

The progress posted by the global cycle (given the strength of US growth, the normalisation of monetary policy without worsening corporate financial conditions, and the shift to better exchange rates for European companies) contrasts with persistent concerns expressed over the likely duration of this cycle — which is practically unparalleled in history. In this climate, the risk of escalating trade tensions casts doubt on the sustainability of such growth, while its strength raises concerns that the risk of further US monetary tightening could endanger the cycle. The slow-down in European activity indicators, plus the return of political risk to the euro zone, are also fuelling questions over the region's growth capacity. As a result, the stock market has been narrowing its horizon in favour of visible growth (with, for example, strong growth in the luxury sector, or structural growth in technology) at the expense of the financial and cyclical sectors. We strengthened fund exposure to the insurance sector over the month (with Allianz, Munich Re), as their shareholder returns are attractive, and also to stocks with high visibility on their growth prospects (such as L'Oreal, Amadeus and SAP). In addition, we reduced the portfolio's cyclical exposure by selling ProSieben Sat1 (whose revaluation catalysers are, we feel, inadequate over the short term), as well as Intesa SanPaolo, given specific risks in Italy. In addition, note the high level of activity this month in terms of meetings with issuers dedicated to ESG/Sustainable Development questions, and the greater progress reported — particularly on issues related to 2020 global environmental regulation on maritime transport. Within the portfolio, Air Liquide (with desulphurisation accounting for 10% of sales) and GTT (addressing a new market for LNG boat engines), will benefit in the next few years.

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Change in NAV

Chart – Base 100 (12/07/2018)
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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 I-EUR Cumulative Annualised
Since 01/01/2018

1.86 %

1.18 %

1.86 %

1.18 %

1 Year

3.92 %

2.73 %

3.92 %

2.73 %

3 Year

15.83 %

12.53 %

5.01 %

4.00 %

5 year

51.03 %

58.23 %

8.59 %

9.61 %

Since inception

128.51 %

121.74 %

9.57 %

9.21 %

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

Share class (I-EUR)

Benchmark

1.86 %

1.18 %

3.92 %

2.73 %

15.83 %

12.53 %

51.03 %

58.23 %

128.51 %

121.74 %

Annualised

Share class (I-EUR)

Benchmark

3.92 %

2.73 %

5.01 %

4.00 %

8.59 %

9.61 %

9.57 %

9.21 %

*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*11.11 %12.29 %2.56 %0.98 %0.17 %0.30 %
3 Year *13.04 %13.83 %3.24 %0.97 %0.24 %0.34 %
Max. drawdownAlphaBeta
Share class I-EURBenchmarkShare class I-EURBenchmarkShare class I-EURBenchmark
1 Year*-7.85 %0.01 %0.89 %
3 Year *-23.26 %0.09 %0.92 %
Max. monthly gain Since inception10.02 %
Max. monthly loss Since inception-16.64 %
Share class I-EUR
Benchmark
1 Year* 3 Year * 1 Year* 3 Year *
Volatility 11.11 % 13.04 % 12.29 % 13.83 %
Tracking Error 2.56 % 3.24 %
Sharpe ratio 0.30 % 0.34 %
Alpha 0.01 % 0.09 %
Correlation coefficient 0.98 % 0.97 %
Information ratio 0.17 % 0.24 %
Max. monthly loss -16.64 %
Max. monthly gain 10.02 %
Max. drawdown -7.85 % -23.26 %
Beta 0.89 % 0.92 %

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)
107 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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