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EdR Fund Big Data Thematic equities

Thematic equities
Change in NAV (22/09/2017)
131.90 EUR
Jacques-Aurélien  MARCIREAU–LU1244893696–
Jacques-Aurélien MARCIREAU
Nan ZHANG–LU1244893696–
Nan ZHANG
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
131.90 EUR
Change in NAV (22/09/2017)
6
1234567
Risk and reward profile
> 5 years
Recommended holding period
Change in NAV (22/09/2017)
131.90 EUR
Risk and reward profile
1234567
Recommended holding period
> 5 years
Jacques-Aurélien MARCIREAU  
Nan ZHANG  
The identity of the managers presented in this document may change during the life of the product.
Contact

Investment objective

The objective of the Sub-Fund is to outperform the MSCI World index over a 5-year investment period, by investing on international capital markets and through the selection of, among others, companies involved in technology sectors or related to advanced analytics -Big Data - technologies

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Commentary 31/08/2017

The markets and stocks in the Big Data theme fell in August, a decline strengthened by the dollar's continuing slide against the euro. Three elements in the theme attracted our attention over the month. First, in China, SenseTime, a company dedicated to the use of artificial intelligence (AI) in image and face recognition, raised over $400 million. The company benefits from access to data held by major clients including China's police force and the electronics giant, Huawei. This highlights a key element of success for any company in AI: without access to data it's impossible to develop the necessary algorithms. The second striking element in this theme is in the current evolution of the world's fintech panorama: valuations have trended downward in recent transactions involving companies still in their pre-IPO stage. The third point concerns the improbable alliance between Amazon and Microsoft in the realm of personalised wizards (animated shopping assistants). Cortana (Microsoft) and Alexa (Amazon) will now benefit from common protocols so that developers can access both platforms and promote exchanges between them. This is potentially likely to be seen as an obstacle by Google and Apple, who have major strengths that they can throw into the competition. The fund suffered from Evolent Health's sharp drop on the stock market in August, of nearly 30%. Having revisited our investment case, we decided to strengthen our position. There was no major movement in the portfolio and we are confident in the outlook for the big data theme. Corporate investment intentions regarding IT modernisation are continuing to grow, with big data and AI among the priorities they mention.

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Change in NAV

Chart – Base 100 (22/09/2017)
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

6.14 %

1.85 %

6.14 %

1.85 %

1 Year

16.77 %

9.72 %

16.77 %

9.72 %

Since inception

31.90 %

18.19 %

14.36 %

8.44 %

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

Share class (A-EUR)

Benchmark

6.14 %

1.85 %

16.77 %

9.72 %

31.90 %

18.19 %

Annualised

Share class (A-EUR)

Benchmark

16.77 %

9.72 %

14.36 %

8.44 %

*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*12.94 %10.67 %4.17 %0.96 %1.75 %0.80 %
3 Year *
Max. drawdownAlphaBeta
Share class A-EURBenchmarkShare class A-EURBenchmarkShare class A-EURBenchmark
1 Year*-7.52 %0.10 %1.16 %
3 Year *
Max. monthly gain Since inception17.06 %
Max. monthly loss Since inception-14.21 %
Share class A-EUR
Benchmark
1 Year* 3 Year * 1 Year* 3 Year *
Volatility 12.94 % 10.67 %
Tracking Error 4.17 %
Sharpe ratio 0.80 %
Alpha 0.10 %
Correlation coefficient 0.96 %
Information ratio 1.75 %
Max. monthly loss -14.21 %
Max. monthly gain 17.06 %
Max. drawdown -7.52 %
Beta 1.16 %

Fund information

Inception Date (Fund)
31/08/2015
Inception Date (Part)
31/08/2015
Legal form
SICAV
Benchmark
MSCI World (NR)
Currency (fund)
EUR
Currency (share class)
EUR
Distribution Policy
Accumulation
Valuation frequency
Daily
Minimum initial investment
1 Share
ISIN Code
LU1244893696
AuM (fund)
203 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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