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 Fund Asean Equity

Change in NAV (15/02/2018)
117.26 USD
Alan  RICHARDSON (Lead PM)–LU1583295909–
Alan RICHARDSON (Lead PM)
Joe Lam(ASEANEquityAnalyst)–LU1583295909–
Joe Lam(ASEANEquityAnalyst)
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
117.26 USD
Change in NAV (15/02/2018)
5
1234567
Risk and reward profile
> 5 years
Recommended holding period
Change in NAV (15/02/2018)
117.26 USD
Risk and reward profile
1234567
Recommended holding period
> 5 years
Alan RICHARDSON (Lead PM)  
Joe Lam(ASEANEquityAnalyst)  
The identity of the managers presented in this document may change during the life of the product.
Contact

Investment objective

The Sub-Fund's investment objective, over a recommended investment period of more than 5 years, is to grow net asset value by investing in companies registered predominantly in Asean Countries.

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Commentary 31/01/2018

“Favourable environment for active stock picking and alpha generation not seen since 2012”Market Review and Outlook ASEAN equity advanced to pre-QE tapering highs of mid-2013. Market re-rating from stabilizing capital and commodities markets in 2017 followed-through to re-rating on faster growth prospects in 2018. Market breadth accompanied market gains as most countries and sectors advanced. Oil and coal stocks performed the strongest from earnings upgrades on higher oil and coal price forecasts. Improving global macro provides a favourable environment for active stock picking and alpha generation not seen since 2012. ASEAN markets are targeted to return 20% in 2018 with periodic corrections of less than 10% expected provided positive fundamentals sustain: Goldilocks economy of growth and stable inflation and positive earnings revisions.Portfolio Strategy Fund outperformance was achieved by overweighting coal stocks and underweighting telecom stocks. Coal stocks were increased to become the fund's largest overweight. Producer profit forecasts have yet to fully incorporate higher coal prices supported by China supply-side reform and production discipline. Malaysian stocks were increased in anticipation of an early election in 1H18. Government-linked stocks historically rise in the run-up to elections. REIT stocks were sold as bond yields are likely to rise on stronger economic growth. Philippine banks were sold because new equity issues are expected to cap price performance in 1H18.

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Change in NAV

Chart – Base 100 (15/02/2018)
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Performance A-USD Cumulative Annualised

Since inception

17.26 %

16.88 %

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

Share class (A-USD)

Benchmark

17.26 %

16.88 %

Annualised

Share class (A-USD)

Benchmark

*Rolling periods

Annual performance



Fund information

Inception Date (Fund)
06/07/2017
Inception Date (Part)
12/07/2017
Legal form
SICAV
Benchmark
MSCI AC South East Asia USD Index
Currency (fund)
USD
Currency (share class)
USD
Distribution Policy
Accumulation
Valuation frequency
Daily
Minimum initial investment
1 Share
ISIN Code
LU1583295909
AuM (fund)
119 M (USD)
Regulatory authority
CSSF
EU Regulation
UCITS
Management company
Edmond de Rothschild Asset Management (Luxembourg)
Delegated Management Company
SAMSUNG ASSET MANAGEMENT (HONG KONG) LIMITED
Incorporation
Luxembourg
Maximum management fee
1,700 %
Current management fee
1.700 %
Subscription and redemption conditions
Daily before 4.30 pm C.E.T.on next 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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