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 Bond Allocation Diversified bonds

Diversified bonds
Change in NAV (16/01/2019)
97.41 EUR
Guillaume  RIGEADE–LU1161526733–
Guillaume RIGEADE
Eliezer BENZIMRA–LU1161526733–
Eliezer BENZIMRA
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
> 3 years
97.41 EUR
Change in NAV (16/01/2019)
3
1234567
Risk and reward profile
> 3 years
Recommended holding period
Change in NAV (16/01/2019)
97.41 EUR
Risk and reward profile
1234567
Recommended holding period
> 3 years
Guillaume RIGEADE  
Eliezer BENZIMRA  
The identity of the managers presented in this document may change during the life of the product.
Contact

Investment objective

The Sub-Fund's objective is to offer an annualised performance exceeding the Index composed of 50% of the Barclays Capital Euro Aggregate Corporate Total Return Index and 50% of the Barclays Capital Euro Aggregate Treasury Total Return Index over the investment period.

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Commentary 31/12/2018

December turned out to be one of the worst months for US stocks since 2009, with them ending down by close to 10%. As if in sympathy, all risky assets posted negative performances, while government bonds served as a safe haven. On all core markets interest rates fell, but it was in the United States that this trend was strongest: with a -30 bps dip on all maturities, and even for a few days, an inversion in the yield curve on the 2-5 year stretch. Despite the hope generated by the launch of discussions between the United States and China at the G20 in late November, risk aversion remained high, with ongoing concerns and growing fear of a sharp slowdown in the global economy. While the Fed's Beige Book (commentary on current economic conditions) continues to portray an economy in growth, there are signs of a slowdown in some sectors and industry is still worried over tariffs on trade. At the same time, uncertainty persists over Brexit, with UK PM Theresa May having postponed the vote in Parliament to face a vote of confidence by Tory MPs. Leading PMI indicators fell in Europe over the month, particularly in France following the spate of ‘Yellow Vest' protests. In China, too, economic statistics have been mixed, affected mainly by the automotive sector. ECB members met this month to downgrade its growth scenario and inflation forecast for 2019. The ECB has not altered its decision to terminate asset repurchasing as of January 1, 2019. The Federal Reserve's meeting was awaited eagerly. Rates were raised as expected but the decision was accompanied by comments that were too firm for some, or worried others over the strength of the economy. Whatever the interpretation, it did not provide support for risky assets. Corporate bonds suffered over the period while emerging market bonds showed stronger resistance.

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Change in NAV

Chart – Base 100 (16/01/2019)
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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 J-EUR Cumulative Annualised

-1.94 %

0.10 %

Since inception

0.38 %

0.83 %

0.23 %

0.51 %

Since 01/01/2019 1 year* 3 years* 5 years* Since inception
Cumulative

Share class (J-EUR)

Benchmark

0.38 %

0.83 %

Annualised

Share class (J-EUR)

Benchmark

-1.94 %

0.10 %

0.23 %

0.51 %

*Rolling periods

Annual performance



Statistics

VolatilityTracking ErrorCorrelation coefficientInformation ratioSharpe ratio
Share class J-EURBenchmarkShare class J-EURBenchmarkShare class J-EURBenchmarkShare class J-EURBenchmarkShare class J-EURBenchmark
1 Year*2.14 %1.84 %2.42 %0.27 %-1.02 %0.05 %
3 Year *
Max. drawdownAlphaBeta
Share class J-EURBenchmarkShare class J-EURBenchmarkShare class J-EURBenchmark
1 Year*-3.53 %-0.05 %0.31 %
3 Year *
Max. monthly gain Since inception
Max. monthly loss Since inception
Share class J-EUR
Benchmark
1 Year* 3 Year * 1 Year* 3 Year *
Volatility 2.14 % 1.84 %
Tracking Error 2.42 %
Sharpe ratio 0.05 %
Alpha -0.05 %
Correlation coefficient 0.27 %
Information ratio -1.02 %
Max. drawdown -3.53 %
Beta 0.31 %

Fund information

Inception Date (Fund)
30/12/2004
Inception Date (Part)
08/06/2017
Legal form
SICAV
Benchmark
50% BarCap Euro-Aggregate Corporates (EUR)
50% BarCap Euro-Aggregate Treasury (EUR)
Currency (fund)
EUR
Currency (share class)
EUR
Distribution Policy
Distribution
Valuation frequency
Daily
Minimum initial investment
500000.00 EUR
ISIN Code
LU1161526733
AuM (fund)
2,790 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
0,400 %
Current management fee
0.400 %
Subscription and redemption conditions
Daily before 12.30 am C.E.T. on day's net asset value
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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