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 (23/04/2018)
105.15 USD
Alan  RICHARDSON (Lead PM)–LU1583296386–
Alan RICHARDSON (Lead PM)
Joe Lam(ASEANEquityAnalyst)–LU1583296386–
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
105.15 USD
Change in NAV (23/04/2018)
5
1234567
Risk and reward profile
> 5 years
Recommended holding period
Change in NAV (23/04/2018)
105.15 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 29/03/2018

“Active stock selection to mitigate contagion from US-China trade protectionism”Market Review and Outlook ASEAN markets were relatively resilient to contagion from US-China trade conflict and worries global growth will be undermined by an escalation of the conflict. The US-China trade dispute is not expected to escalate into a trade war although tit-for-tat trade sanctions are likely to persist in 1H18. ASEAN does not contribute significantly to the US trade deficit and is not at the forefront of the trade protectionism. Longer-term, ASEAN should attract more foreign investment with cost competitiveness enhanced by absence of import tariffs and increased urgency for China to grow intra-Asia trade. Short-term, ASEAN markets are likely to be more volatile as portfolio flows react to incremental US-China trade policy announcements. Active stock selection in companies with improving earnings fundamentals sold down on global macro should help to mitigate volatility risk. Portfolio Strategy Fund outperformance was achieved by overweighting petrochemical stocks and underweighting ASEAN markets most impact foreign fund selling: Indonesia and Philippines. Petrochemical stocks were increased at the expense of coal stocks. Petrochemical margins are likely to exceed market expectations in 1H18 helped by supply discipline from China environmental controls. Coal prices on the other hand have peaked with winter heating demand and inventory destocking. Stocks with positive idiosyncratic catalysts were added such as Indonesia retailers ahead of peak seasonal demand and festivities in 2Q18. Stocks with exposure to China final demand were reduced on de-rating risk from US-China trade tensions in 1H18.

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Change in NAV

Chart – Base 100 (23/04/2018)
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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 B-USD Cumulative Annualised

Since inception

5.15 %

4.46 %

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

Share class (B-USD)

Benchmark

5.15 %

4.46 %

Annualised

Share class (B-USD)

Benchmark

*Rolling periods

Annual performance



Fund information

Inception Date (Fund)
06/07/2017
Inception Date (Part)
27/12/2017
Legal form
SICAV
Benchmark
MSCI AC South East Asia USD Index
Currency (fund)
USD
Currency (share class)
USD
Distribution Policy
Distribution
Valuation frequency
Daily
Minimum initial investment
1 Share
ISIN Code
LU1583296386
AuM (fund)
130 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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