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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Edmond de Rothschild Fund Asean Equity

Change in NAV (15/01/2018)
117.14 USD
Alan  RICHARDSON (Lead PM)–LU1583297863–
Alan RICHARDSON (Lead PM)
Joe Lam(ASEANEquityAnalyst)–LU1583297863–
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
117.14 USD
Change in NAV (15/01/2018)
5
1234567
Risk and reward profile
> 5 years
Recommended holding period
Change in NAV (15/01/2018)
117.14 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 29/12/2017

“ASEAN bull market to sustain in 2018 on Goldilocks growth and attractive valuations”Market Review and Outlook ASEAN equity ended calendar year 2017 at 2-year highs. The market's low volatility uptrend sustained on an improving growth outlook for 2018 and accommodative monetary policy in the absence of inflationary pressures. Indonesia was the strongest performer from valuation expansion and lower credit risk after Fitch further upgraded the country's investment-grade credit rating. ASEAN equity is targeted to achieve double-digit returns in 2018 on Goldilocks growth and attractive valuations. Accommodative monetary policy in the absence of inflation risk supports faster earnings growth and positive earnings revisions. Current mid-cycle equity valuations have not fully priced-in stronger growth fundamentals in 2018. Portfolio Strategy The ASEAN Fund gained 3.5% (in USD terms) underperforming the benchmark by 1% pts. Underweighting Indonesia and consumer staples detracted value. Bank stocks were increased to become the fund's largest overweight. Domestic demand should improve in 2018 from stronger export growth, commodity prices and capital markets in 2017. Domestic growth and higher interest rates should benefit the banks the most with profits rising from wider interest margins and lower bad debt provisions. Energy stocks were reduced as oil prices have already priced-in OPEC production cuts in 2018 and price rises are restrained by supply-response from higher US shale oil production.

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Change in NAV

Chart – Base 100 (15/01/2018)
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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 K-USD Cumulative Annualised

Since inception

17.14 %

17.51 %

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

Share class (K-USD)

Benchmark

17.14 %

17.51 %

Annualised

Share class (K-USD)

Benchmark

*Rolling periods

Annual performance



Fund information

Inception Date (Fund)
06/07/2017
Inception Date (Part)
06/07/2017
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
500000.00 EUR
ISIN Code
LU1583297863
AuM (fund)
114 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
0,850 %
Current management fee
0.850 %
Subscription and redemption conditions
Daily before 4.30 pm C.E.T.on next day's net asset value

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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