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EdR Fund Euro Long Duration Govt Bonds Government bonds

Government bonds
Change in NAV (19/10/2017)
452.47 EUR
François  RAYNAUD–LU1160371149–
François RAYNAUD
Eliezer BENZIMRA–LU1160371149–
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
> 5 years
452.47 EUR
Change in NAV (19/10/2017)
4
1234567
Risk and reward profile
> 5 years
Recommended holding period
Change in NAV (19/10/2017)
452.47 EUR
Risk and reward profile
1234567
Recommended holding period
> 5 years
François RAYNAUD  
Eliezer BENZIMRA  
The identity of the managers presented in this document may change during the life of the product.
Contact

Investment objective

The objective is to outperform the Barclays Euro Treasury AA-AAA 10+Yr Index on the recommended investment period.

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Commentary 29/09/2017

While the Bank of England has adopted a more aggressive tone on rate hikes and Brexit negotiations seem to be emerging from deadlock, the European and US central banks have confirmed their intention to gradually normalise their interest rates. The ECB postponed its announcement on the pace at which it would taper is asset repurchasing to its next policy meeting, while the US Federal Reserve said it was starting to reduce the size of its balance sheet and confirmed its intention to hike rates gradually over the next few quarters. As a result, UK rates underperformed their peers with an increase of 33 bps on the 10-year note, followed by the Fed's 21 bps, and with Germany's bund up 11 bps. Rates in all the peripheral states held up relatively well, with those of Portugal and Slovenia tightening thanks to their better ratings, particularly the former with S&P restoring its Investment Grade rating, and with its 10-year note tightening 39 bps. Euro Long Duration Government Bonds reduced its sensitivity to German and Italian bonds at the beginning of the month.

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Change in NAV

Chart – Base 100 (19/10/2017)
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 A-EUR Cumulative Annualised
Since 01/01/2017

0.23 %

-0.78 %

0.23 %

-0.78 %

1 Year

-4.92 %

-5.75 %

-4.92 %

-5.75 %

3 Year

15.74 %

15.18 %

4.98 %

4.81 %

5 year

34.74 %

37.29 %

6.14 %

6.54 %

Since inception

345.20 %

5.76 %

Since 01/01/2017 1 Year 3 Year 5 year Since inception
Cumulative

Share class (A-EUR)

Benchmark

0.23 %

-0.78 %

-4.92 %

-5.75 %

15.74 %

15.18 %

34.74 %

37.29 %

345.20 %

Annualised

Share class (A-EUR)

Benchmark

-4.92 %

-5.75 %

4.98 %

4.81 %

6.14 %

6.54 %

5.76 %

*Rolling periods

Annual performance



Statistics

VolatilityTracking ErrorCorrelation coefficientInformation ratioSharpe ratio
Share class A-EURBenchmarkShare class A-EURBenchmarkShare class A-EURBenchmarkShare class A-EURBenchmarkShare class A-EURBenchmark
1 Year*7.33 %9.24 %2.94 %0.96 %0.54 %-0.93 %
3 Year *11.14 %11.35 %3.44 %0.95 %-0.10 %0.44 %
Max. drawdownAlphaBeta
Share class A-EURBenchmarkShare class A-EURBenchmarkShare class A-EURBenchmark
1 Year*-11.66 %-0.01 %0.77 %
3 Year *-17.12 %0.94 %
Max. monthly gain Since inception8.99 %
Max. monthly loss Since inception-8.13 %
Share class A-EUR
Benchmark
1 Year* 3 Year * 1 Year* 3 Year *
Volatility 7.33 % 11.14 % 9.24 % 11.35 %
Tracking Error 2.94 % 3.44 %
Sharpe ratio -0.93 % 0.44 %
Alpha -0.01 %
Correlation coefficient 0.96 % 0.95 %
Information ratio 0.54 % -0.10 %
Max. monthly loss -8.13 %
Max. monthly gain 8.99 %
Max. drawdown -11.66 % -17.12 %
Beta 0.77 % 0.94 %

Fund information

Inception Date (Fund)
27/02/1991
Inception Date (Part)
27/02/1991
Legal form
SICAV
Benchmark
BarCap Euro Treasury AAA-AA 10
Y (EUR)
Currency (fund)
EUR
Currency (share class)
EUR
Distribution Policy
Accumulation
Valuation frequency
Daily
Minimum initial investment
1 Share
ISIN Code
LU1160371149
AuM (fund)
26 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
0,600 %
Current management fee
0.600 %
Subscription and redemption conditions
Daily before 12.30 am C.E.T. on day's net asset value
Subscription fee
1.00 % max

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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