Edmond de Rothschild

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This site provides extensive information about the ranges of Edmond de Rothschild Group funds. In particular, it provides simplified access to key fund-related data (performance, net asset values, features) and their commercial or legal documents.

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EdR Fund Europe Value & Yield Europe equities

Europe equities
Change in NAV (20/06/2018)
121.97 EUR
Philippe  LECOQ–LU1161528358–
Philippe LECOQ
Anthony PENEL–LU1161528358–
Anthony PENEL
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
121.97 EUR
Change in NAV (20/06/2018)
5
1234567
Risk and reward profile
> 5 years
Recommended holding period
Change in NAV (20/06/2018)
121.97 EUR
Risk and reward profile
1234567
Recommended holding period
> 5 years
Philippe LECOQ  
Anthony PENEL  
The identity of the managers presented in this document may change during the life of the product.
Contact

Investment objective

EdR Europe Value & Yield is invested in European large capitalisations. Along with an active cash management, the sub-fund selects high quality undervalued stocks and/or the ones able to deliver an above average return. Defensive stocks and cash represent at least 50% of the portfolio while financial and cyclical stocks cannot exceed 50%.

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Commentary 31/05/2018

Market volatility rose sharply during May, driven by the return of political risk to the euro zone. In the wake of Italian President Mattarella's rejection of Five Star's first proposal to form a new government, the party's efforts to highlight what they called a denial of democracy —and blame the European Union —risked triggering a gain for the anti-establishment parties in the next round of elections. The spread between Italian and German sovereign bonds reached almost 300 bps, threatening a bond crisis and leading to a fall in bank stocks. The announcement of the impending appointment of a coalition government combining the Five Star Movement and the League helped calm the situation at the month end. The European SXXP index closed the month roughly where it had started, with the dismissal of the Spanish Prime Minister, Mariano Rajoy, not even troubling the markets. In addition, concerns of a trade war have resurfaced, with the temporary failure in trade negotiations. And on top of this come the application of US tariffs on imports of steel and aluminium from the European Union, Mexico and Canada; plus the threat of customs tariffs on European auto exports to the United States, among others. Leading economic indicators point to a slowdown, but remain at high levels, while underlying inflation has picked up in the euro zone. The pound sterling and UK interest rates fell, with the Bank of England not tightening further in May. The UK market took the opportunity to significantly outperform the euro zone, driven by commodities, oil and pharmaceuticals. We have introduced Uniper, the German energy company, while reducing Centrica, Telefonica, Total, Bae Systems, and Royal Dutch Shell.

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Change in NAV

Chart – Base 100 (20/06/2018)
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 N-EUR Cumulative Annualised
Since 01/01/2018

1.40 %

0.54 %

1.40 %

0.54 %

1 Year

-2.10 %

1.29 %

-2.10 %

1.29 %

3 Year

3.59 %

7.83 %

1.18 %

2.54 %

Since inception

21.97 %

24.14 %

5.69 %

6.21 %

Since 01/01/2018 1 Year 3 Year 5 year Since inception
Cumulative

Share class (N-EUR)

Benchmark

1.40 %

0.54 %

-2.10 %

1.29 %

3.59 %

7.83 %

21.97 %

24.14 %

Annualised

Share class (N-EUR)

Benchmark

-2.10 %

1.29 %

1.18 %

2.54 %

5.69 %

6.21 %

*Rolling periods

Annual performance



Statistics

VolatilityTracking ErrorCorrelation coefficientInformation ratioSharpe ratio
Share class N-EURBenchmarkShare class N-EURBenchmarkShare class N-EURBenchmarkShare class N-EURBenchmarkShare class N-EURBenchmark
1 Year*11.53 %11.61 %3.84 %0.95 %-0.70 %0.06 %
3 Year *12.19 %12.41 %4.28 %0.94 %-0.22 %0.12 %
Max. drawdownAlphaBeta
Share class N-EURBenchmarkShare class N-EURBenchmarkShare class N-EURBenchmark
1 Year*-8.16 %-0.05 %0.94 %
3 Year *-22.05 %-0.07 %0.92 %
Max. monthly gain Since inception9.13 %
Max. monthly loss Since inception-7.35 %
Share class N-EUR
Benchmark
1 Year* 3 Year * 1 Year* 3 Year *
Volatility 11.53 % 12.19 % 11.61 % 12.41 %
Tracking Error 3.84 % 4.28 %
Sharpe ratio 0.06 % 0.12 %
Alpha -0.05 % -0.07 %
Correlation coefficient 0.95 % 0.94 %
Information ratio -0.70 % -0.22 %
Max. monthly loss -7.35 %
Max. monthly gain 9.13 %
Max. drawdown -8.16 % -22.05 %
Beta 0.94 % 0.92 %

Fund information

Inception Date (Fund)
02/09/1999
Inception Date (Part)
18/11/2014
Legal form
SICAV
Benchmark
MSCI Europe (NR)
Currency (fund)
EUR
Currency (share class)
EUR
Distribution Policy
Accumulation
Valuation frequency
Daily
Minimum initial investment
5000000.00 EUR
ISIN Code
LU1161528358
AuM (fund)
291 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
0,550 %
Current management fee
0.550 %
Subscription and redemption conditions
Daily before 12.30 am C.E.T. on day's net asset value

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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