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EdR Fund Europe Flexible Flexible strategies

Flexible strategies
Change in NAV (22/03/2017)
145.91 EUR
Michael  NIZARD–LU1160352602–
Michael NIZARD
Philippe LECOQ–LU1160352602–
Philippe LECOQ
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
> 3 years
145.91 EUR
Change in NAV (22/03/2017)
Risk and reward profile
> 3 years
Recommended holding period
Change in NAV (22/03/2017)
145.91 EUR
Risk and reward profile
Recommended holding period
> 3 years
Michael NIZARD  
Philippe LECOQ  
The identity of the managers presented in this document may change during the life of the product.

Investment objective

This Sub- Fund combines active stock selection on European equity markets with controlled exposure to equity risk of between 0% and 100% of the net assets through hedging strategies in order to gain from the markets' rise, while being protected against periods of downturn.

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Commentary 28/02/2017

Equity indices followed the uptrend launched in early November, after the US presidential election. Macroeconomic numbers have been looking good — even reassuring — across the planet and expectations of a reflationary impact from President Trump's stimulus measures are high. It was the new president's announcement of large-scale tax reform at the end of the first week that signalled in the uptrend. Yield curves shifted towards the end when US Treasury Secretary, Steven Mnuchin, said one would probably have to wait for 2018 to feel its full impact. While European equities slightly underperformed their US counterparts, the optimism coming from the United States also benefited European markets. US indices set new records, with the Dow climbing for 12 sessions in a row. Our allocation maintained its bias for equities while continuing to adjust its positions, and bring in options hedging strategies. Fundamentals remain promising over the medium term with confirmation from earnings upgrades at European companies.

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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 A-EUR Cumulative performance Annualised performance
Since 01/01/2017 2.16 %  
1 Year 3.20 % 3.20 %
3 Year 10.49 % 3.37 %
5 year 22.95 % 4.22 %
Since inception 45.91 % 4.75 %
Performance A-EUR Since 01/01/2017 1 Year 3 Year 5 year Since inception
Cumulative performance 2.16 % 3.20 % 10.49 % 22.95 % 45.91 %
Annualised performance 3.20 % 3.37 % 4.22 % 4.75 %


VolatilityTracking ErrorCorrelation coefficientInformation ratioSharpe ratio
1 Year3 Year 1 Year3 Year 1 Year3 Year 1 Year3 Year 1 Year3 Year
Share class A-EUR8.14 %7.98 %3.27 %3.45 %0.93 %0.91 %-0.64 %-0.01 %0.98 %0.50 %
Benchmark6.44 %6.42 %
1 Year3 Year 1 Year3 Year
Share class A-EUR-0.06 %-0.03 %1.17 %1.13 %
Share class A-EUR
1 Year 3 Year 1 Year 3 Year
Volatility 8.14 % 7.98 % 6.44 % 6.42 %
Tracking Error 3.27 % 3.45 %
Sharpe ratio 0.98 % 0.50 %
Alpha -0.06 % -0.03 %
Correlation coefficient 0.93 % 0.91 %
Information ratio -0.64 % -0.01 %
Beta 1.17 % 1.13 %

Fund information

Inception Date (Fund)
Inception Date (Part)
Legal form
50% EONIA Capitalise (EUR)
50% MSCI Europe (NR)
Currency (fund)
Currency (share class)
Distribution Policy
Valuation frequency
Minimum initial investment
1 Share
AuM (fund)
147 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
1,700 %
Current management fee
1.700 %
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

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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.