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EdR Fund Europe Flexible Flexible strategies

Flexible strategies
Change in NAV (17/08/2017)
145.47 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)
1234567
Recommended holding period
> 3 years
145.47 EUR
Change in NAV (17/08/2017)
5
1234567
Risk and reward profile
> 3 years
Recommended holding period
Change in NAV (17/08/2017)
145.47 EUR
Risk and reward profile
1234567
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.
Contact

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 31/07/2017

July saw currency fluctuations, particularly on the euro, which broke the 1.15 €/$ ceiling, a limit rarely exceeded since the euro fell sharply in 2014. The ECB's meeting on July 20 did not reverse this trend, even though Mario Draghi was more accommodating than in his last speech, in Sintra, at June's end. Economic improvement in the euro zone, confirmed by the purchasing manager indices (PMI), which are still at historically high levels, explain this movement. As do more moderate expectations of a rate hike by the US Federal Reserve, plus the difficulties encountered by the Trump Administration. The euro's 3.6% gain against the US dollar had an impact on European equities, wiping out the gains made at the beginning of the month, with stocks ending down -0.3% (DJStoxx 600 in EUR). On the other hand, US equities benefited from dollar's weakening to gain 2% (S&P 500). The reporting season has begun with results coming out from mid-July. It has been rather good so far, but not exceptional, with an expected gain of 7% over the year on both sides of the Atlantic, but with an encouraging proportion of positive surprises in corporate sales.

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Change in NAV

Chart – Base 100 (17/08/2017)
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

1.85 %

3.03 %

1.85 %

3.03 %

1 Year

3.71 %

6.59 %

3.71 %

6.59 %

3 Year

8.67 %

11.10 %

2.80 %

3.56 %

5 year

20.73 %

24.99 %

3.84 %

4.56 %

Since inception

45.47 %

52.20 %

4.48 %

5.03 %

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

Share class (A-EUR)

Benchmark

1.85 %

3.03 %

3.71 %

6.59 %

8.67 %

11.10 %

20.73 %

24.99 %

45.47 %

52.20 %

Annualised

Share class (A-EUR)

Benchmark

3.71 %

6.59 %

2.80 %

3.56 %

3.84 %

4.56 %

4.48 %

5.03 %

*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*6.49 %5.21 %2.43 %0.94 %-1.02 %1.34 %
3 Year *7.96 %6.46 %3.45 %0.90 %-0.23 %0.55 %
Max. drawdownAlphaBeta
Share class A-EURBenchmarkShare class A-EURBenchmarkShare class A-EURBenchmark
1 Year*-4.98 %-0.06 %1.17 %
3 Year *-16.73 %-0.09 %1.11 %
Max. monthly gain Since inception10.31 %
Max. monthly loss Since inception-11.76 %
Share class A-EUR
Benchmark
1 Year* 3 Year * 1 Year* 3 Year *
Volatility 6.49 % 7.96 % 5.21 % 6.46 %
Tracking Error 2.43 % 3.45 %
Sharpe ratio 1.34 % 0.55 %
Alpha -0.06 % -0.09 %
Correlation coefficient 0.94 % 0.90 %
Information ratio -1.02 % -0.23 %
Max. monthly loss -11.76 %
Max. monthly gain 10.31 %
Max. drawdown -4.98 % -16.73 %
Beta 1.17 % 1.11 %

Fund information

Inception Date (Fund)
30/01/2009
Inception Date (Part)
30/01/2009
Legal form
SICAV
Benchmark
50% EONIA Capitalise (EUR)
50% MSCI Europe (NR)
Currency (fund)
EUR
Currency (share class)
EUR
Distribution Policy
Accumulation
Valuation frequency
Daily
Minimum initial investment
1 Share
ISIN Code
LU1160352602
AuM (fund)
125 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
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.

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