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 (18/03/2019)
100.23 USD
Guillaume  RIGEADE–LU1426149107–
Guillaume RIGEADE
Eliezer BENZIMRA–LU1426149107–
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
100.23 USD
Change in NAV (18/03/2019)
3
1234567
Risk and reward profile
> 3 years
Recommended holding period
Change in NAV (18/03/2019)
100.23 USD
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 28/02/2019

February saw risky assets continuing their rally, with equity and credit markets posting positive performances. Presidents Donald Trump and China's Xi Jinping have shown their willingness to take negotiations through to an agreement. Meanwhile, Trump has unilaterally decided not to apply new tariffs as long as discussions continue. In the euro zone, however, economic indicators have continued to suggest a marked deceleration, with a technical recession evident in Italy, but stable growth in Germany. A number of European Central Bank officials have announced that it would implement new measures, such as targeted long-term refinancing operations, to keep transmission channels running. On the political front, Spain's parliament failed to agree on a budget, leading to the announcement of early elections in April. In this environment, global interest rates rose 9 bps in the United States and 3 bps in Germany, respectively reaching 2.72% and 0.18% on the 10-year yield curve. Peripheral spreads outperformed key interest rates by 3 bps to 7 bps on the 10 year bond. Greece was the leading player among the peripheral countries, its macroeconomic momentum still looking good against expectations. Nevertheless, high yield and subordinate financial markets are performing at close to 2%, reflecting the low number of new issues, inflows into the asset class, and technical factors still providing support.

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Change in NAV

Chart – Base 100 (18/03/2019)
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 B-USD Cumulative Annualised

1.56 %

2.00 %

Since inception

3.72 %

2.54 %

2.45 %

1.68 %

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

Share class (B-USD)

Benchmark

3.72 %

2.54 %

Annualised

Share class (B-USD)

Benchmark

1.56 %

2.00 %

2.45 %

1.68 %

*Rolling periods

Annual performance



Statistics

VolatilityTracking ErrorCorrelation coefficientInformation ratioSharpe ratio
Share class B-USDBenchmarkShare class B-USDBenchmarkShare class B-USDBenchmarkShare class B-USDBenchmarkShare class B-USDBenchmark
1 Year*2.64 %1.87 %2.66 %0.35 %0.21 %-0.37 %
3 Year *
Max. drawdownAlphaBeta
Share class B-USDBenchmarkShare class B-USDBenchmarkShare class B-USDBenchmark
1 Year*-2.46 %0.02 %0.49 %
3 Year *
Max. monthly gain Since inception
Max. monthly loss Since inception
Share class B-USD
Benchmark
1 Year* 3 Year * 1 Year* 3 Year *
Volatility 2.64 % 1.87 %
Tracking Error 2.66 %
Sharpe ratio -0.37 %
Alpha 0.02 %
Correlation coefficient 0.35 %
Information ratio 0.21 %
Max. drawdown -2.46 %
Beta 0.49 %

Fund information

Inception Date (Fund)
30/12/2004
Inception Date (Part)
13/09/2017
Legal form
SICAV
Benchmark
50% BarCap Euro-Aggregate Corporates (EUR)
50% BarCap Euro-Aggregate Treasury (EUR)
Currency (fund)
EUR
Currency (share class)
USD
Distribution Policy
Distribution
Valuation frequency
Daily
Minimum initial investment
1 Share
ISIN Code
LU1426149107
AuM (fund)
3,008 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
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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