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
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Change in NAV (16/11/2018)
99.69 GBP
Guillaume RIGEADE–LU1426148984–
Guillaume RIGEADE
Eliezer BENZIMRA–LU1426148984–
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
99.69 GBP
Change in NAV (16/11/2018)
3
1234567
Risk and reward profile
> 3 years
Recommended holding period
Change in NAV (16/11/2018)
99.69 GBP
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.
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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 31/10/2018

October saw a strong hike in risk aversion. This resulted in a sharp decline on the equity markets (-5.9% on Eurostoxx), widening credit spreads on all bond segments (+68 bps on European high yields, +23 bp on Emerging debt) and an easing on German bonds (-9 bps on the 10-year bund) as core-country bonds have served as a safe haven. US yields, meanwhile, have risen. They have accordingly not benefited from the flight-to-quality phenomenon, but one might well argue that it is in fact their ascent that has triggered the fall on all risky assets. The US economy is still very robust: with its job market very strong, confidence indices stabilising at high levels, and GDP up 3.5% year-on-year in Q3. Given this climate, US yields are following a steep upward curve. What scares investors is that this rise has been powered solely through a hike in real interest rates. In Europe, attention has continued to focus on Italy. Tensions between its Government and the European Commission are high on the subject of next year's budget draft. Spreads on Italian government debt widened by 37 bps over the month, with some contagion spreading to peripheral sovereign markets. Note that ratings agencies have downgraded their outlook (S&P) or rating (Moody's) on Italy, though the country's high yields are for the moment not being censored.

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Change in NAV

Chart – Base 100 (16/11/2018)
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Performance A-GBP Cumulative Annualised

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-1.22 %

-1.33 %

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–

Since inception

-0.31 %

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-0.24 %

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

Share class (A-GBP)

Benchmark

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–

–

–

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-0.31 %

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Annualised

Share class (A-GBP)

Benchmark

 –

-1.22 %

-1.33 %

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–

–

–

-0.24 %

–

*Rolling periods

Annual performance



Statistics

VolatilityTracking ErrorCorrelation coefficientInformation ratioSharpe ratio
Share class A-GBPBenchmarkShare class A-GBPBenchmarkShare class A-GBPBenchmarkShare class A-GBPBenchmarkShare class A-GBPBenchmark
1 Year*2.05 %1.96 %2.45 %–0.26 %–0.05 %–-0.90 %–
3 Year *––––––––––
Max. drawdownAlphaBeta
Share class A-GBPBenchmarkShare class A-GBPBenchmarkShare class A-GBPBenchmark
1 Year*-2.49 %–-0.01 %–0.27 %–
3 Year *––––––
Max. monthly gain Since inception–
Max. monthly loss Since inception–
Share class A-GBP
Benchmark
1 Year* 3 Year * 1 Year* 3 Year *
Volatility 2.05 % – 1.96 % –
Tracking Error 2.45 % – – –
Sharpe ratio -0.90 % – – –
Alpha -0.01 % – – –
Correlation coefficient 0.26 % – – –
Information ratio 0.05 % – – –
Max. drawdown -2.49 % – – –
Beta 0.27 % – – –

Fund information

Inception Date (Fund)
30/12/2004
Inception Date (Part)
28/07/2017
Legal form
SICAV
Benchmark
50% BarCap Euro-Aggregate Corporates (EUR)
50% BarCap Euro-Aggregate Treasury (EUR)
Currency (fund)
EUR
Currency (share class)
GBP
Distribution Policy
Accumulation
Valuation frequency
Daily
Minimum initial investment
1 Share
ISIN Code
LU1426148984
AuM (fund)
2,837 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
0,800 %
Current management fee
0.800 %
Subscription and redemption conditions
Daily before 12.30 am C.E.T. on day's net asset value
Subscription fee
1.00 % 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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