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EdR Fund China China equities

China equities
Change in NAV (22/03/2017)
192.55 EUR
Wei-Wei  LI–LU1160366065–
Wei-Wei LI
Na YOU–LU1160366065–
The identity of the managers presented in this document may change during the life of the product.
Risk and reward profile (1)
Recommended holding period
> 5 years
192.55 EUR
Change in NAV (22/03/2017)
Risk and reward profile
> 5 years
Recommended holding period
Change in NAV (22/03/2017)
192.55 EUR
Risk and reward profile
Recommended holding period
> 5 years
Wei-Wei LI  
Na YOU  
The identity of the managers presented in this document may change during the life of the product.

Investment objective

The objective is to achieve long-term growth of the Sub-Fund's capital by investing its assets in equities of companies whose activities are predominantly linked to China.

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Commentary 28/02/2017

China's February manufacturing PMIs point to continued strength in industrial activity growth. The official manufacturing PMI unexpectedly rebounded to 51.6 in February (vs. 51.3 in January, Consensus: 51.2). Separately, Caixin manufacturing PMI (whose sample is skewed towards SMEs and private companies) also rose to 51.7 in February (vs. 51.0 in January). Global Trade Leading indicator continues its upturn and suggests better external demand growth in the coming months. Meanwhile, domestic growth momentum still holds up well, with private sector investment showing signs of improvement. We therefore expect nominal GDP growth to accelerate to 10.9% YoY in Q1 (9.4% in FY17), providing policymakers more room to shift the focus towards reining in financial leverage and expanding the scope of the capacity reduction program. We believe the government will continue its tightening stance in monetary policy to slow the pace of credit expansion, with upside risks to PBoC benchmark one-year rates should global demand surprise on the upside or Fed rate hikes come faster than expected.

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Change in NAV

Chart – Base 100 (22/03/2017)
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 K-EUR Cumulative performance Annualised performance
Since 01/01/2017 12.35 %  
1 Year 20.13 % 20.13 %
3 Year 39.91 % 11.82 %
5 year 62.08 % 10.13 %
Since inception 92.57 % 8.32 %
Performance K-EUR Since 01/01/2017 1 Year 3 Year 5 year Since inception
Cumulative performance 12.35 % 20.13 % 39.91 % 62.08 % 92.57 %
Annualised performance 20.13 % 11.82 % 10.13 % 8.32 %


VolatilityTracking ErrorCorrelation coefficientInformation ratioSharpe ratio
1 Year3 Year 1 Year3 Year 1 Year3 Year 1 Year3 Year 1 Year3 Year
Share class K-EUR16.30 %28.80 %9.17 %15.03 %0.85 %0.87 %-0.70 %-0.32 %1.60 %0.69 %
Benchmark17.51 %20.75 %
3 Year 1 Year3 Year
Share class K-EUR-0.46 %0.80 %1.21 %
Share class K-EUR
1 Year 3 Year 1 Year 3 Year
Volatility 16.30 % 28.80 % 17.51 % 20.75 %
Tracking Error 9.17 % 15.03 %
Sharpe ratio 1.60 % 0.69 %
Alpha -0.46 %
Correlation coefficient 0.85 % 0.87 %
Information ratio -0.70 % -0.32 %
Beta 0.80 % 1.21 %

Fund information

Inception Date (Fund)
Inception Date (Part)
Legal form
MSCI China (NR)
Currency (fund)
Currency (share class)
Distribution Policy
Valuation frequency
Minimum initial investment
500000.00 EUR
AuM (fund)
76 M (EUR)
Regulatory authority
EU Regulation
Management company
Edmond de Rothschild Asset Management (Luxembourg)
Delegated Management Company
Edmond de Rothschild Asset Management (France)
Maximum management fee
0,850 %
Current management fee
0.850 %

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.