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EdR Fund Europe Flexible Flexible strategies

Flexible strategies
Change in NAV (18/10/2017)
113.78 EUR
Michael  NIZARD–LU1160352941–
Michael NIZARD
Philippe LECOQ–LU1160352941–
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
113.78 EUR
Change in NAV (18/10/2017)
5
1234567
Risk and reward profile
> 3 years
Recommended holding period
Change in NAV (18/10/2017)
113.78 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 31/08/2017

Despite North Korea's condensation trails in the sky over Japan, global equity markets broke almost even in August, with the MSCI World index up +0.1%, on the rise for a tenth month in a row. Two factors have helped to offset geopolitical anxieties. Good macroeconomic indicators in the United States, Europe and China first, and then the reassuring note in the Federal Reserve's messages. The indices were surprisingly up-beat across the Atlantic and moving forward in the euro zone, Japan and in China in the second half of August. Then, the central bankers also played their cards. While the Fed reiterated its intention to continue normalising monetary policy and start tapering its balance sheet by the year end, it has also made clear that it will do so when it is calm and depending on the circumstances prevailing at the time. This precautious tone was echoed by the ECB. In Europe, the performance chart is much more mixed, with almost 10% between the best performers (utilities +3.9%) and the worst (media -5.3%). Utilities and commodities dominated debate given the hike in electricity prices and industrial metals, and the fall in yields. Naturally, the latter also impacted financials. And it didn't stop telecoms from falling again after their rebound at July's end. We are convinced that the momentum driving the global economy remains positive in the major economic regions, with corporate earnings having confirmed expectations of progress.

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Change in NAV

Chart – Base 100 (18/10/2017)
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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 J-EUR Cumulative Annualised
Since 01/01/2017

3.63 %

5.10 %

3.63 %

5.10 %

1 Year

6.30 %

8.24 %

6.30 %

8.24 %

3 Year

18.65 %

15.38 %

5.86 %

4.87 %

5 year

31.31 %

26.86 %

5.60 %

4.87 %

Since inception

30.18 %

30.21 %

4.30 %

4.30 %

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

Share class (J-EUR)

Benchmark

3.63 %

5.10 %

6.30 %

8.24 %

18.65 %

15.38 %

31.31 %

26.86 %

30.18 %

30.21 %

Annualised

Share class (J-EUR)

Benchmark

6.30 %

8.24 %

5.86 %

4.87 %

5.60 %

4.87 %

4.30 %

4.30 %

*Rolling periods

Annual performance



Statistics

VolatilityTracking ErrorCorrelation coefficientInformation ratioSharpe ratio
Share class J-EURBenchmarkShare class J-EURBenchmarkShare class J-EURBenchmarkShare class J-EURBenchmarkShare class J-EURBenchmark
1 Year*5.84 %4.93 %2.34 %0.92 %-0.76 %1.65 %
3 Year *8.04 %6.53 %3.44 %0.91 %0.20 %0.56 %
Max. drawdownAlphaBeta
Share class J-EURBenchmarkShare class J-EURBenchmarkShare class J-EURBenchmark
1 Year*-5.09 %-0.04 %1.09 %
3 Year *-15.54 %0.03 %1.12 %
Max. monthly gain Since inception6.62 %
Max. monthly loss Since inception-10.51 %
Share class J-EUR
Benchmark
1 Year* 3 Year * 1 Year* 3 Year *
Volatility 5.84 % 8.04 % 4.93 % 6.53 %
Tracking Error 2.34 % 3.44 %
Sharpe ratio 1.65 % 0.56 %
Alpha -0.04 % 0.03 %
Correlation coefficient 0.92 % 0.91 %
Information ratio -0.76 % 0.20 %
Max. monthly loss -10.51 %
Max. monthly gain 6.62 %
Max. drawdown -5.09 % -15.54 %
Beta 1.09 % 1.12 %

Fund information

Inception Date (Fund)
30/01/2009
Inception Date (Part)
15/07/2011
Legal form
SICAV
Benchmark
50% EONIA Capitalise (EUR)
50% MSCI Europe (NR)
Currency (fund)
EUR
Currency (share class)
EUR
Distribution Policy
Distribution
Valuation frequency
Daily
Minimum initial investment
500000.00 EUR
ISIN Code
LU1160352941
AuM (fund)
112 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
0,750 %
Current management fee
0.750 %
Subscription and redemption conditions
Daily before 12.30 am C.E.T. on day's net asset value
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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