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EdR Fund Big Data Thematic equities

Thematic equities
Change in NAV (15/11/2017)
143.61 CHF
Jacques-Aurélien  MARCIREAU–LU1244893852–
Jacques-Aurélien MARCIREAU
Nan ZHANG–LU1244893852–
Nan ZHANG
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
143.61 CHF
Change in NAV (15/11/2017)
6
1234567
Risk and reward profile
> 5 years
Recommended holding period
Change in NAV (15/11/2017)
143.61 CHF
Risk and reward profile
1234567
Recommended holding period
> 5 years
Jacques-Aurélien MARCIREAU  
Nan ZHANG  
The identity of the managers presented in this document may change during the life of the product.
Contact

Investment objective

The objective of the Sub-Fund is to outperform the MSCI World index over a 5-year investment period, by investing on international capital markets and through the selection of, among others, companies involved in technology sectors or related to advanced analytics -Big Data - technologies

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Commentary 31/10/2017

October saw a relatively calm climate reigning over the financial markets. The beginning of the Q3 results publishing season showed the solid financial health of the internet giants Google, Amazon, Facebook and Alibaba — once again surprising positively with their results, even if each story is different. The fund has been lagging behind this month against equity markets in general, and the technology sector in particular. This is mainly the result of two factors: On the Infrastructure & Analytics front, our valuation discipline has penalised us in a technological sector where momentum is becoming increasingly independent of the fundamentals. On the Data User front, the underperformance is linked to Nordstrom's fall this month (by over -15%), due to the possible cancellation of its Management Buyout transaction. Within the US retail sector, Nordstrom is the leading practitioner in the field of customer experience, digital transformation and logistics optimisation — that has even won the admiration of Amazon's CEO himself. Its assets are not appreciated by the market today. In order to take advantage both of the underestimated growth prospects and the attractive valuations, the non-tech part of the companies currently held represents around 45% of the fund. The main movements within the portfolio over the period were the initiation of a position on Naver, Google's equivalent in South Korea, and the sale of Sensata (making sensors for the automotive sector), following the stock's appreciation and its having reached our price target. In particular, we are confident in the fund's appreciation potential over the coming months in a climate of moderate but continuing growth in the global economy.

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Change in NAV

Chart – Base 100 (15/11/2017)
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-CHF Cumulative Annualised
Since 01/01/2017

16.82 %

14.32 %

16.82 %

14.32 %

1 Year

20.28 %

19.67 %

20.28 %

19.67 %

Since inception

43.61 %

31.25 %

17.79 %

13.09 %

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

Share class (A-CHF)

Benchmark

16.82 %

14.32 %

20.28 %

19.67 %

43.61 %

31.25 %

Annualised

Share class (A-CHF)

Benchmark

20.28 %

19.67 %

17.79 %

13.09 %

*Rolling periods

Annual performance



Statistics

VolatilityTracking ErrorCorrelation coefficientInformation ratioSharpe ratio
Share class A-CHFBenchmarkShare class A-CHFBenchmarkShare class A-CHFBenchmarkShare class A-CHFBenchmarkShare class A-CHFBenchmark
1 Year*12.75 %10.18 %4.05 %0.96 %1.21 %2.93 %
3 Year *
Max. drawdownAlphaBeta
Share class A-CHFBenchmarkShare class A-CHFBenchmarkShare class A-CHFBenchmark
1 Year*-4.37 %-0.02 %1.20 %
3 Year *
Max. monthly gain Since inception16.43 %
Max. monthly loss Since inception-13.81 %
Share class A-CHF
Benchmark
1 Year* 3 Year * 1 Year* 3 Year *
Volatility 12.75 % 10.18 %
Tracking Error 4.05 %
Sharpe ratio 2.93 %
Alpha -0.02 %
Correlation coefficient 0.96 %
Information ratio 1.21 %
Max. monthly loss -13.81 %
Max. monthly gain 16.43 %
Max. drawdown -4.37 %
Beta 1.20 %

Fund information

Inception Date (Fund)
31/08/2015
Inception Date (Part)
31/08/2015
Legal form
SICAV
Benchmark
MSCI World (NR)
Currency (fund)
EUR
Currency (share class)
CHF
Distribution Policy
Accumulation
Valuation frequency
Daily
Minimum initial investment
1 Share
ISIN Code
LU1244893852
AuM (fund)
250 M (EUR)
Regulatory authority
CSSF
EU Regulation
UCITS
Management company
Edmond de Rothschild Asset Management (Luxembourg)
Delegated Management Company
Edmond de Rothschild Asset Management (France)
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

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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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