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EdR Euro Sustainable Growth Thematic equities

Thematic equities
Change in NAV (20/06/2017)
223.14 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
223.14 EUR
Change in NAV (20/06/2017)
6
1234567
Risk and reward profile
> 5 years
Recommended holding period
Change in NAV (20/06/2017)
223.14 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 31/05/2017

Equity markets maintained their lead in a climate of low volatility on leading indices this month. After the excitement engendered by the French elections in the first part of the month, investors became concerned at the political uncertainties in the United States with the confusion surrounding Donald Trump and the Russia Dossier. At a macroeconomic level, the environment remains positive, with activity indicators holding up well and inflation prospects still contained. On the currency front, we saw sterling weakening as Brexit starts to take shape, as well as the USD, which dipped below November 2016 levels. Sector performances have narrowed since the beginning of the year, with defensive sectors — such as telecoms, utilities, healthcare as well as food and beverages — catching up. Two sectors stand out on the down-side: the automotive, penalised by falling new registrations in the United States and facing further issues on harmful emissions. Plus the commodities sector, which has also come under pressure, affected in particular by falling oil prices in the wake of Opec's announcement of an agreement to extend the duration of its production cuts — a decision deemed inadequate by investors. During the month we bought Applus, a Spanish inspection and certification company. Its business model, based on risk prevention, is benefiting from the structural growth now visible in the demand for social and environmental (ESG) development. With 40% of its sales coming from the oil industry, the company also seems a good vehicle to benefit from rising oil prices without the ESG complexities found in the fossil energy sector.

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Change in NAV

Chart – Base 100 (20/06/2017)
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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 01/01/2017

16.04 %

12.08 %

16.04 %

12.08 %

1 Year

24.88 %

25.38 %

24.88 %

25.38 %

3 Year

28.86 %

24.13 %

8.81 %

7.47 %

5 year

86.84 %

93.99 %

13.31 %

14.16 %

Since inception

123.14 %

118.36 %

10.58 %

10.28 %

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

Share class (I-EUR)

Benchmark

16.04 %

12.08 %

24.88 %

25.38 %

28.86 %

24.13 %

86.84 %

93.99 %

123.14 %

118.36 %

Annualised

Share class (I-EUR)

Benchmark

24.88 %

25.38 %

8.81 %

7.47 %

13.31 %

14.16 %

10.58 %

10.28 %

*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*12.06 %13.30 %3.89 %0.96 %-0.36 %1.72 %
3 Year *14.10 %14.79 %3.54 %0.97 %0.19 %0.53 %
Max. drawdownAlphaBeta
Share class I-EURBenchmarkShare class I-EURBenchmarkShare class I-EURBenchmark
1 Year*-11.29 %0.03 %0.87 %
3 Year *-23.28 %0.10 %0.92 %
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 12.06 % 14.10 % 13.30 % 14.79 %
Tracking Error 3.89 % 3.54 %
Sharpe ratio 1.72 % 0.53 %
Alpha 0.03 % 0.10 %
Correlation coefficient 0.96 % 0.97 %
Information ratio -0.36 % 0.19 %
Max. monthly loss -19.24 %
Max. monthly gain 14.27 %
Max. drawdown -11.29 % -23.28 %
Beta 0.87 % 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)
58 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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