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EdR Euro Sustainable Growth Thematic equities

Thematic equities
Change in NAV (16/08/2017)
187.60 EUR
Marc  HALPERIN–FR0010850198–
Marc HALPERIN
Jean-Philippe DESMARTIN–FR0010850198–
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
187.60 EUR
Change in NAV (16/08/2017)
6
1234567
Risk and reward profile
> 5 years
Recommended holding period
Change in NAV (16/08/2017)
187.60 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 31/07/2017

Corporate earnings reports punctuated July when the results for 63% of the securities in our portfolio were published. On the cheerful side, Rational raised its guidance following positive results, while Dassault Systèmes was supported by strong results and signing of a major contract with Boeing. Financials also came up with positive reports, particularly BNP-Paribas and Allianz. Turning to unwelcome surprises, Siemens Gamesa announced negative results for this new entity's Q1, mainly impacted by a slowdown in the Indian market. On the macroeconomic front, various preliminary PMI's for July show a decline in manufacturing activity after hitting a high last month (56.8 vs 57.4 in June), while tertiary activity held steady with its index at 55.4. According to the IMF, the economic recovery in the euro zone seems set to continue as the organisation has upped its growth forecasts to +1.9% this year (+0.2 bps) and +1.7% next year (+01 bps). Mario Draghi's more dovish tone and publication of ECB minutes confirming Europe's return to growth, as well as certain reflationary trends, resulted in the euro appreciating strongly against foreign currencies: with the USD/EUR +3.64% to 1.18, EUR/CHF +4.6% to 1.14, and EUR/GBP +2.2% to 0.895. Within the portfolio, we decided to sell Essity, SCA's hygiene spin-off, to strengthen on SCA itself — the largest private forest owner in Europe.

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Change in NAV

Chart – Base 100 (16/08/2017)
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 R-EUR Cumulative Annualised
Since 01/01/2017

13.10 %

10.17 %

13.10 %

10.17 %

1 Year

18.11 %

19.05 %

18.11 %

19.05 %

3 Year

34.27 %

31.71 %

10.29 %

9.59 %

5 year

67.69 %

73.53 %

10.89 %

11.65 %

Since inception

87.60 %

82.04 %

8.71 %

8.28 %

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

Share class (R-EUR)

Benchmark

13.10 %

10.17 %

18.11 %

19.05 %

34.27 %

31.71 %

67.69 %

73.53 %

87.60 %

82.04 %

Annualised

Share class (R-EUR)

Benchmark

18.11 %

19.05 %

10.29 %

9.59 %

10.89 %

11.65 %

8.71 %

8.28 %

*Rolling periods

Annual performance



Statistics

VolatilityTracking ErrorCorrelation coefficientInformation ratioSharpe ratio
Share class R-EURBenchmarkShare class R-EURBenchmarkShare class R-EURBenchmarkShare class R-EURBenchmarkShare class R-EURBenchmark
1 Year*10.79 %12.17 %4.06 %0.94 %-0.22 %1.66 %
3 Year *13.97 %14.69 %3.44 %0.97 %0.25 %0.59 %
Max. drawdownAlphaBeta
Share class R-EURBenchmarkShare class R-EURBenchmarkShare class R-EURBenchmark
1 Year*-6.09 %0.04 %0.84 %
3 Year *-23.18 %0.12 %0.92 %
Max. monthly gain Since inception10.06 %
Max. monthly loss Since inception-19.40 %
Share class R-EUR
Benchmark
1 Year* 3 Year * 1 Year* 3 Year *
Volatility 10.79 % 13.97 % 12.17 % 14.69 %
Tracking Error 4.06 % 3.44 %
Sharpe ratio 1.66 % 0.59 %
Alpha 0.04 % 0.12 %
Correlation coefficient 0.94 % 0.97 %
Information ratio -0.22 % 0.25 %
Max. monthly loss -19.40 %
Max. monthly gain 10.06 %
Max. drawdown -6.09 % -23.18 %
Beta 0.84 % 0.92 %

Fund information

Inception Date (Fund)
05/07/1984
Inception Date (Part)
04/02/2010
Legal form
Mutual Fund
Benchmark
MSCI EMU (NR)
Currency (fund)
EUR
Currency (share class)
EUR
Distribution Policy
Accumulation
Valuation frequency
Daily
Minimum initial investment
500000.00 EUR
ISIN Code
FR0010850198
AuM (fund)
62 M (EUR)
Regulatory authority
AMF
Management company
Edmond de Rothschild Asset Management (France)
Incorporation
France
Maximum management fee
1,150 %
Current management fee
1.150 %
Subscription and redemption conditions
Daily before 12.30 am C.E.T. on day's net asset value

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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