Edmond de Rothschild

Welcome to our Fund Center

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.

Please enter your country and indicate which investor category you belong to:
Mobile Logo

EdR Fund Bond Allocation Diversified bonds

Diversified bonds
Change in NAV (18/07/2018)
100.96 GBP
Guillaume  RIGEADE–LU1426149362–
Guillaume RIGEADE
Eliezer BENZIMRA–LU1426149362–
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
100.96 GBP
Change in NAV (18/07/2018)
3
1234567
Risk and reward profile
> 3 years
Recommended holding period
Change in NAV (18/07/2018)
100.96 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.
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.

View more View less

Commentary 29/06/2018

In June, thanks to its exclusion of any rate hike before summer 2019, the ECB managed to make its securities purchasing plan by 2018's end seem accommodating (with a reduced monthly sum of €15 billion in the last quarter). Meanwhile the Federal Reserve has confirmed the continuation of its rate hikes, with the expected 25 bps increase, and the possibility of two further hikes by 2018's end. ECB chair Mario Draghi's intervention, together with the risks associated with Trump's trade policy, have supported European bonds. German bond rates narrowed by 1, 3, 4 and 1 bps on the 2-, 5-, 10- and 30-year bunds, while US rates rose 9, 5, and 1 bps on the 2-, 5- and 10-year notes, and tightened by 3 bps on the 30-year long bond. Political risk has remained at a high level but it faded somewhat: In Italy, with an agreement between the two anti-system parties, but with a euro-compatible finance minister: this made it possible to avoid going back to the polls yet again, and reassured the markets. In Greece, an agreement on debt relief measures has been concluded, allowing for a gradual return to the market. In Spain, the censure motion did not lead to early elections, and the change in government could facilitate dialogue with the Catalan separatists. In Cyprus, the restructuring plan for its troubled cooperative bank has been finalised. With the exception of Italian rates running at over 20 bps, peripheral rates have outperformed: Greece came top, tightening 73 bps on the five-year note, followed by Cyprus, Italy and Spain with 67, 36 and 26 bps decreases respectively. At the European level, Italy has brought the issue of migration to centre stage. This highlighted the weaknesses of the German coalition, given the internal dissent between the CDU and CSU. And with it, also the difficulties to come on the reforms needed to ensure the sustainability and stability of the euro zone. The European agreement at June's end reassured the markets, although its implementation raises many questions. Meanwhile, corporate and emerging-market debt both saw their spreads widening.

View more View less

Change in NAV

Chart – Base 100 (18/07/2018)
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 B-GBP Cumulative Annualised

Since inception

0.96 %

1.29 %

Since 01/01/2018 1 Year 3 Year 5 year Since inception
Cumulative

Share class (B-GBP)

Benchmark

0.96 %

1.29 %

Annualised

Share class (B-GBP)

Benchmark

*Rolling periods

Annual performance



Fund information

Inception Date (Fund)
30/12/2004
Inception Date (Part)
27/07/2017
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
Distribution
Valuation frequency
Daily
Minimum initial investment
1 Share
ISIN Code
LU1426149362
AuM (fund)
2,705 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

Select all

(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.

Top