Mobile Logo

EdR Fund Global Crossover Bonds Corporate bonds

Corporate bonds
Change in NAV (21/08/2017)
111.57 USD
Mark  KOWALSKI–LU1080014027–
Mark KOWALSKI
Raphaël CHEMLA–LU1080014027–
Raphaël CHEMLA
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
111.57 USD
Change in NAV (21/08/2017)
3
1234567
Risk and reward profile
3 years
Recommended holding period
Change in NAV (21/08/2017)
111.57 USD
Risk and reward profile
1234567
Recommended holding period
3 years
Mark KOWALSKI  
Raphaël CHEMLA  
The identity of the managers presented in this document may change during the life of the product.
Contact

Investment objective

The Sub-Fund's objective is to achieve optimum long-term capital growth by investing in debt securities traded on regulated capital and money markets. In particular, the Sub-Fund aims to outperform the index.

View more View less

Commentary 31/07/2017

Sovereign bond markets had a relatively stable month of July. Economic news out of the Eurozone continued to show signs of strength, led by industrial production, business confidence, employment and housing. 10 year Bund yields rose from 0.46% to 0.53%. The yield had reached 0.60%, but the ECB meeting reassured investors that were concerned that an imminent communication concerning a reduction in QE in 2018 could be forthcoming. The ECB again underlined the weakness in inflation numbers. The strong rise in the EUR currency also reassures investors that the ECB could delay a strong taper of the QE. In the US, 10 year Treasury yields were virtually unchanged over the month. As expected, the Fed left rates unchanged during the July meeting, but did signal that the balance sheet reduction could start ‘relatively soon'. Inflation numbers continued to be subdued.Credit performed strongly during July, with credit spreads tightening in. The stronger world economy, corporate results, and a relative lack of new supply were drivers. Peripheral sovereigns, corporate investment grade, high yield, and emerging market credit all saw gains. Subordinated financials performed particularly well.

View more View less

Change in NAV

Chart – Base 100 (21/08/2017)
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 I-USD Cumulative Annualised
Since 01/01/2017

4.57 %

4.21 %

4.57 %

4.21 %

1 Year

4.25 %

3.76 %

4.23 %

3.74 %

3 Year

11.18 %

12.04 %

3.59 %

3.86 %

Since inception

11.57 %

12.70 %

3.59 %

3.93 %

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

Share class (I-USD)

Benchmark

4.57 %

4.21 %

4.25 %

3.76 %

11.18 %

12.04 %

11.57 %

12.70 %

Annualised

Share class (I-USD)

Benchmark

4.23 %

3.74 %

3.59 %

3.86 %

3.59 %

3.93 %

*Rolling periods

Annual performance



Statistics

VolatilityTracking ErrorCorrelation coefficientInformation ratioSharpe ratio
Share class I-USDBenchmarkShare class I-USDBenchmarkShare class I-USDBenchmarkShare class I-USDBenchmarkShare class I-USDBenchmark
1 Year*2.07 %2.11 %0.59 %0.96 %1.04 %1.61 %
3 Year *3.19 %3.37 %1.06 %0.95 %-0.31 %1.09 %
Max. drawdownAlphaBeta
Share class I-USDBenchmarkShare class I-USDBenchmarkShare class I-USDBenchmark
1 Year*-2.06 %0.02 %0.94 %
3 Year *-4.52 %0.01 %0.90 %
Max. monthly gain Since inception2.65 %
Max. monthly loss Since inception-1.69 %
Share class I-USD
Benchmark
1 Year* 3 Year * 1 Year* 3 Year *
Volatility 2.07 % 3.19 % 2.11 % 3.37 %
Tracking Error 0.59 % 1.06 %
Sharpe ratio 1.61 % 1.09 %
Alpha 0.02 % 0.01 %
Correlation coefficient 0.96 % 0.95 %
Information ratio 1.04 % -0.31 %
Max. monthly loss -1.69 %
Max. monthly gain 2.65 %
Max. drawdown -2.06 % -4.52 %
Beta 0.94 % 0.90 %

Fund information

Inception Date (Fund)
04/02/2011
Inception Date (Part)
15/07/2014
Legal form
SICAV
Benchmark
33.3% BofA Merrill Lynch BBB Euro Corporate hedged USD
33.3% BofA Merrill Lynch 1-10 Year BBB
Currency (fund)
EUR
Currency (share class)
USD
Distribution Policy
Accumulation
Valuation frequency
Daily
Minimum initial investment
500000.00 USD
ISIN Code
LU1080014027
AuM (fund)
332 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
0,375 %
Current management fee
0.375 %
Subscription and redemption conditions
Daily before 12.30 am C.E.T. on day's net asset value

Fund documentation

Select all

(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.

Top