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 (12/12/2018)
12,879.15 EUR
Guillaume  RIGEADE–LU1161526816–
Guillaume RIGEADE
Eliezer BENZIMRA–LU1161526816–
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
12,879.15 EUR
Change in NAV (12/12/2018)
3
1234567
Risk and reward profile
> 3 years
Recommended holding period
Change in NAV (12/12/2018)
12,879.15 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 30/11/2018

November saw further risk aversion. This led to widening credit spreads on all bond segments (+69 bp on European high yields, +25 bp on emerging debt), a drop for German yields (-7 bp on the 10-year bund), and on bonds in leading countries used as safe havens; and to a lesser extent, a decline in equity markets (-0.76% on the Euro Stoxx). The budget has calmed markets and steepened the yield curve. In addition, for the first time since the beginning of the credit market correction, US yields have also fallen. It is interesting to note that short positioning is not as extreme as it was a month ago. This surge in volatility is also due to the deterioration in various leading indicators, such as the real estate sector's latest HMI. One of November's highlights was a sharp correction to oil prices (with US crude -22%). This massive decline can be attributed to a drop in demand, particularly from China, but also on the supply side, with Saudi Arabia having decided to hike its production at the US President's request. In this climate, it is no surprise that inflation expectations have declined in the United States, especially at the short end of the yield curve (-14 bp). Meanwhile, Jerome Powell, Chairman of the US Federal Reserve, has begun to qualify his view on the tightening cycle in monetary policy, declaring on November 28 that rates are currently ‘just below' neutral for the economy. This totally contradicts his words on October 3, when he said ‘we're a long way from neutral at this point'.

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Change in NAV

Chart – Base 100 (12/12/2018)
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 I-EUR Cumulative Annualised

-2.26 %

-1.36 %

2.61 %

1.42 %

3.25 %

3.12 %

Since inception

28.79 %

37.18 %

2.96 %

3.72 %

Since 01/01/2018 1 year* 3 years* 5 years* Since inception
Cumulative

Share class (I-EUR)

Benchmark

28.79 %

37.18 %

Annualised

Share class (I-EUR)

Benchmark

-2.26 %

-1.36 %

2.61 %

1.42 %

3.25 %

3.12 %

2.96 %

3.72 %

*Rolling periods

Annual performance



Statistics

VolatilityTracking ErrorCorrelation coefficientInformation ratioSharpe ratio
Share class I-EURBenchmarkShare class I-EURBenchmarkShare class I-EURBenchmarkShare class I-EURBenchmarkShare class I-EURBenchmark
1 Year*2.18 %1.92 %2.52 %0.25 %-0.04 %-0.65 %
3 Year *3.09 %2.66 %3.17 %0.40 %0.41 %0.58 %
Max. drawdownAlphaBeta
Share class I-EURBenchmarkShare class I-EURBenchmarkShare class I-EURBenchmark
1 Year*-3.29 %-0.02 %0.28 %
3 Year *-5.14 %0.16 %0.46 %
Max. monthly gain Since inception3.53 %
Max. monthly loss Since inception-2.92 %
Share class I-EUR
Benchmark
1 Year* 3 Year * 1 Year* 3 Year *
Volatility 2.18 % 3.09 % 1.92 % 2.66 %
Tracking Error 2.52 % 3.17 %
Sharpe ratio -0.65 % 0.58 %
Alpha -0.02 % 0.16 %
Correlation coefficient 0.25 % 0.40 %
Information ratio -0.04 % 0.41 %
Max. monthly loss -2.92 %
Max. monthly gain 3.53 %
Max. drawdown -3.29 % -5.14 %
Beta 0.28 % 0.46 %

Fund information

Inception Date (Fund)
30/12/2004
Inception Date (Part)
16/04/2010
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
Accumulation
Valuation frequency
Daily
Minimum initial investment
500000.00 EUR
ISIN Code
LU1161526816
AuM (fund)
2,818 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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