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 (19/09/2018)
99.20 CHF
Guillaume  RIGEADE–LU1426150881–
Guillaume RIGEADE
Eliezer BENZIMRA–LU1426150881–
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
99.20 CHF
Change in NAV (19/09/2018)
3
1234567
Risk and reward profile
> 3 years
Recommended holding period
Change in NAV (19/09/2018)
99.20 CHF
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 31/08/2018

A veritable storm hit emerging bond markets in August. The crisis began with a sharp depreciation in the Turkish lira under the impact of too great a current account deficit, and as a result, negative sensitivity to the USD's appreciation, reduced central bank credibility, and trade tensions with the United States — which lead to the implementation of a new round of US sanctions. The Turkish crisis undermined trust in all emerging currencies and credit, leading to wider spreads on emerging bonds and a safe-haven trend towards core bonds. So German and US yields dipped by about 10 bps over the month. On the emerging markets, note in particular the widening spreads in Venezuela, due to an economic and political situation that has been deteriorating further. Given the European banks' exposure to Turkey, the risk of contagion has also impacted financial instruments, though widening credit spreads on peripheral sovereign debt were due mainly to the political uncertainties manifest in Italy. Negotiations between members of the governing coalition have turned sour around the drafting of the next budget, and for the markets this is crystallising into fear of a potential deterioration in Italy's debt rating. Note that, as expected, Greece has meanwhile officially exited from its bail-out programme and is now relying on the markets for its future financing needs.

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Fund information

Inception Date (Fund)
30/12/2004
Inception Date (Part)
01/08/2018
Legal form
SICAV
Benchmark
50% BarCap Euro-Aggregate Corporates (EUR)
50% BarCap Euro-Aggregate Treasury (EUR)
Currency (fund)
EUR
Currency (share class)
CHF
Distribution Policy
Accumulation
Valuation frequency
Daily
Minimum initial investment
500000.00 CHF
ISIN Code
LU1426150881
AuM (fund)
2,787 M (EUR)
Regulatory authority
CSSF
Management company
Edmond de Rothschild Asset Management (Luxembourg)
Delegated Management Company
Edmond de Rothschild Asset Management (France)
Incorporation
Luxembourg
Maximum management fee
0,600 %
Current management fee
0.600 %
Subscription and redemption conditions
Daily before 12.30 am C.E.T. on day's net asset value

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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