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 (17/05/2018)
101.17 CHF
Alan  RICHARDSON (Lead PM)–LU1583296113–
Alan RICHARDSON (Lead PM)
Joe Lam(ASEANEquityAnalyst)–LU1583296113–
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
101.17 CHF
Change in NAV (17/05/2018)
5
1234567
Risk and reward profile
> 5 years
Recommended holding period
Change in NAV (17/05/2018)
101.17 CHF
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 30/04/2018

“Accumulate market corrections caused by fund outflow and volatile capital markets”Market Review and Outlook ASEAN markets were volatile for the second time this year caused by higher interest rates and liquidity tightening. US long-bond yields rose to 3% prompting a sell-off in capital markets and currency depreciation. Indonesia and Philippines capital markets once again bore the brunt of fund outflow. Similar to the US rate-driven drawdown in February 2018, market corrections are not expected to turn into a bear market. It is still too early to price-in the end of easy money and growth fundamentals should remain intact. However, the market's trend is likely to have shifted from upward to range-trade over the next few months as positive revisions and higher multiples are less likely under volatile capital markets. Market returns of 20% are still possible in 2018 but market timing and mean-reversion strategies need to be employed to accumulate 10% price corrections.Portfolio Strategy Fund underperformance was caused by overweighting technology stocks torpedoed by weaker earnings prospects and underweighting telecom stocks which recovered from oversold levels following earnings downgrades. Malaysia country weighting was tactically increased in anticipation of a favourable election result. General elections will take place on 9th May 2018 and stocks typically rise in the run-up to elections. Energy sector allocation was increased as high oil prices should sustain from OPEC production cuts and seasonal driving demand. Technology exposure was reduced on earnings risk inferred from weak results reported by multi-national customers. Transportation stocks such as container port operators were reduced on de-rating risk from US-China trade protectionism.

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Change in NAV

Chart – Base 100 (17/05/2018)
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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 A-CHF Cumulative Annualised

Since inception

1.17 %

3.40 %

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

Share class (A-CHF)

Benchmark

1.17 %

3.40 %

Annualised

Share class (A-CHF)

Benchmark

*Rolling periods

Annual performance



Fund information

Inception Date (Fund)
06/07/2017
Inception Date (Part)
05/12/2017
Legal form
SICAV
Benchmark
MSCI AC South East Asia USD Index
Currency (fund)
USD
Currency (share class)
CHF
Distribution Policy
Accumulation
Valuation frequency
Daily
Minimum initial investment
1 Share
ISIN Code
LU1583296113
AuM (fund)
129 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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