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 Emerging equities

Emerging equities
Change in NAV (20/06/2018)
103.59 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
103.59 USD
Change in NAV (20/06/2018)
5
1234567
Risk and reward profile
> 5 years
Recommended holding period
Change in NAV (20/06/2018)
103.59 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 31/05/2018

“ASEAN market drawdown since January provides buffer against adverse global macro events” Market Review and Outlook: ASEAN markets struggled again from liquidity tightening caused by adverse global macro: higher interest rates and US dollar appreciation compounded by US trade protectionism and risk of Italexit to Eurozone unity. Global macro overshadowed positive developments within ASEAN, namely Indonesia market outperformance and signs the market has bottomed. Indonesia had in the prior three months suffered the biggest market drawdown in ASEAN as the rupiah currency depreciated to historical lows and capital outflow reached historical highs. ASEAN markets are better positioned to weather adverse global macro as it has already endured a decline of more than 10% since January 2018 and capital outflow is near historical highs. Return of market stability would be supported by accommodative monetary policy with Fed tolerance for higher inflation and the likelihood rate hikes will not exceed 1% point in 2018. Portfolio Strategy: Fund outperformance was achieved by raising Indonesia from underweight to overweight. Indonesia was upgraded as capital markets have already priced-in liquidity tightening caused by USD appreciation and higher bond yields. The stock market should have already bottomed as US tolerance for higher inflation implies gradual rate hikes and Indonesia's new policy priority is to stabilize capital markets. Domestic cyclicals such as banks and consumer discretionary stocks are expected to outperform. Malaysia's underweight was increased further. The opposition unexpectedly won the general election which creates a period of uncertainty as it undoes policies from the previous administration. Construction stocks were sold as infrastructure projects are likely to be deferred or cancelled

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Change in NAV

Chart – Base 100 (20/06/2018)
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

3.59 %

4.91 %

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

Share class (A-USD)

Benchmark

3.59 %

4.91 %

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)
123 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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