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 (21/01/2019)
90.51 EUR
Marc  HALPERIN–FR0013307717–
Marc HALPERIN
Jean-Philippe DESMARTIN–FR0013307717–
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
90.51 EUR
Change in NAV (21/01/2019)
6
1234567
Risk and reward profile
> 5 years
Recommended holding period
Change in NAV (21/01/2019)
90.51 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 31/12/2018

The months roll on, with more of the same! December saw some acceleration in the decline of equity indices, in all regions The S&P 500 was down -9%, the MSCI Europe lost -5.5%, emerging markets fell modestly within this overall downtrend. With the ‘risk off' mode activated, the trend taken by oil prices (-11% per barrel on the WTI), and by gold (+5%) has confirmed investors' fears of an economic slowdown. Accordingly, major equity indices have lost over -10% since September's end, or even -18% on the Nasdaq — the exception being Brazil's index, which climbed +10% over the quarter. The risk factors identified several months ago are still there Brexit and Italy (perhaps even France?) in Europe, the US-China trade war, and climbing US interest rates with the scenario of a possible slowdown. Turning to Brexit, the situation is more confused than ever. The UK's PM Theresa May does not have the majority needed to accept the draft agreement, but there's no majority for a no-deal Brexit either! The possibility of a second referendum, even if it remains somewhat unlikely, is being mentioned more and more often. Sector performance in December showed little discrimination most sectors, including telecoms and pharmaceuticals, lost 5%–6%. Over the month, we strengthened the defensive side of the portfolio, introducing KPN in the telecoms sector, and strengthening Enel and Rational, while reducing L'Oréal on various valuation criteria. The year-end sustainable development news was underlined by the COP 24 conference in Poland, which made it possible to finalise the global roadmap for implementation of the Paris Agreement on Climate Change, signed at the end of 2015. In addition, we noted a growing interest in the potential development of hydrogen for use in the transport sectors (especially road and maritime freight, etc.). This dynamic would double the size of today's addressable markets for industrial gas players, including Air Liquide, which is held in the portfolio.

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Change in NAV

Chart – Base 100 (21/01/2019)
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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 CR-EUR Cumulative Annualised

-10.36 %

-12.14 %

Since inception

-9.49 %

-11.25 %

-9.23 %

-10.94 %

Since 01/01/2019 1 year* 3 years* 5 years* Since inception
Cumulative

Share class (CR-EUR)

Benchmark

-9.49 %

-11.25 %

Annualised

Share class (CR-EUR)

Benchmark

-10.36 %

-12.14 %

-9.23 %

-10.94 %

*Rolling periods

Annual performance



Fund information

Inception Date (Fund)
05/07/1984
Inception Date (Part)
10/01/2018
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
FR0013307717
AuM (fund)
157 M (EUR)
Regulatory authority
AMF
Management company
Edmond de Rothschild Asset Management (France)
Incorporation
France
Maximum management fee
1,700 %
Current management fee
1.700 %
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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