Mobile Logo

Edmond de Rothschild Fund Asean Equity

Change in NAV (16/08/2017)
101.04 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
101.04 USD
Change in NAV (16/08/2017)
5
1234567
Risk and reward profile
> 5 years
Recommended holding period
Change in NAV (16/08/2017)
101.04 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.

View more View less

Commentary 31/07/2017

“Market corrections during the current growth-inflation sweet spot are buying opportunities”Market Review and Outlook ASEAN markets were flat at 2-year highs in July. The Financials sector performed the strongest especially Singapore and Philippine property stocks. Property sales volume in Singapore grew 72% in 1H17 and is a likely precursor for higher property prices. Property prices have fallen 12% since 3Q13 and buying momentum returned after tightening measures were eased in March 2017. Philippine office demand is supported by growth of online gaming. ASEAN is presently in the sweet spot of faster prospective growth and benign inflation. Market corrections are buying opportunities until interest rate expectations rise with inflationary pressures. ASEAN markets should also be relatively resilient since returns have lagged and foreign fund inflows to ASEAN so far are lower than other emerging markets. Portfolio StrategyThe ASEAN Fund was flat performing in-line with the benchmark. Overweighting property and technology added value while underweighting banks and energy detracted value. The fund added to growth surprises from Chinese policy change. China's travel ban to South Korea should divert more tourism to ASEAN while environmentally-enforced capacity cuts support higher aluminum prices and wider petrochemical margins in plastic polymer and polyester complexes. Funds were sourced from Indonesian property and construction stocks. Faster property sales from the tax amnesty scheme and fund repatriation is taking longer to be realized while contractors face dilution risk to finance working capital for new construction projects.

View more View less

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 A-USD Cumulative Annualised

Since inception

1.04 %

2.08 %

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

Share class (A-USD)

Benchmark

1.04 %

2.08 %

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)
67 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 12.30 am C.E.T. on day's net asset value
Subscription fee
3.00 % max
Performance fee
15,000 %

Fund documentation

Select all

(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.

Top