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EdR Fund China China equities

China equities
Change in NAV (24/04/2017)
75.44 EUR
Wei-Wei  LI–LU1160366909–
Wei-Wei LI
Na YOU–LU1160366909–
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
75.44 EUR
Change in NAV (24/04/2017)
Risk and reward profile
> 5 years
Recommended holding period
Change in NAV (24/04/2017)
75.44 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 31/03/2017

China's NBS Manufacturing PMI rose to 51.8 in Mar from 51.6 in Feb, slightly higher than market expectation of 51.7. Production index continued to rise with expansion of raw materials purchase. On thedemand side, new order and new export order indices rose in Mar, suggesting domestic and external demand recovery in manufacturing. The divergence between large and small firms narrowed, butfinancing problem posed challenges for small firms. High PMIs in the first quarter this year imply strong production, however, growth of manufacturing value added rose slightly to 6.9% in Jan-Feb from 6.8%in Dec 2016 due to the raw material price rising. The contribution of manufacturing expansion to GDP rose moderately. Meanwhile, growth of monthly manufacturing investment fell to 4.3% in Feb from 9.5%in Dec, suggesting weak momentum of manufacturing recovery. We expect NBS PMI to fall slightly next month due to weak manufacturing investment and moderation of external demand.

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Change in NAV

Chart – Base 100 (24/04/2017)
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 C-EUR Cumulative performance Annualised performance
Since 01/01/2017 14.36 %  
1 Year 18.54 % 18.43 %
Since inception -24.57 % -13.82 %
Performance C-EUR Since 01/01/2017 1 Year 3 Year 5 year Since inception
Cumulative performance 14.36 % 18.54 % -24.57 %
Annualised performance 18.43 % -13.82 %


VolatilityTracking ErrorCorrelation coefficientInformation ratioSharpe ratio
1 Year1 Year1 Year1 Year1 Year
Share class C-EUR16.35 %8.57 %0.87 %-0.52 %1.64 %
Benchmark17.64 %
Max. monthly lossMax. monthly gainAlphaBeta
Since inceptionSince inception1 Year1 Year
Share class C-EUR-36.22 %16.82 %0.02 %0.81 %
Share class C-EUR
1 Year 3 Year 1 Year 3 Year
Volatility 16.35 % 17.64 %
Tracking Error 8.57 %
Sharpe ratio 1.64 %
Alpha 0.02 %
Correlation coefficient 0.87 %
Information ratio -0.52 %
Max. monthly loss -36.22 %
Max. monthly gain 16.82 %
Beta 0.81 %

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
1 Share
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 %
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.