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EdR Fund Global Data Thematic equities

Thematic equities
Change in NAV (23/05/2017)
134.05 EUR
Jacques-Aurélien  MARCIREAU–LU1244893696–
Jacques-Aurélien MARCIREAU
Nan ZHANG–LU1244893696–
The identity of the managers presented in this document may change during the life of the product.
Risk and reward profile (1)
Recommended holding period
> 5 years
134.05 EUR
Change in NAV (23/05/2017)
Risk and reward profile
> 5 years
Recommended holding period
Change in NAV (23/05/2017)
134.05 EUR
Risk and reward profile
Recommended holding period
> 5 years
Jacques-Aurélien MARCIREAU  
The identity of the managers presented in this document may change during the life of the product.

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 28/04/2017

Global data stocks posted a modest gain in April, in an environment that featured the French presidential elections and the Q1 2017 corporate reporting season. IPOs associated with the theme have multiplied in recent weeks, among them Cloudera (Hadoop), Okta (cross-application identity management), Mulesoft (data integration) and Alteryx (data preparation and analysis). The market's reception of these IPOs was positive and the valuations awarded were generous. We had the opportunity to visit the majority of these companies in 2015 and 2016, in the preparatory stages for these transactions. Valuation levels and the limited allocation for European investors were not appropriate for the portfolio changes that would be required for our involvement at the time, but we are still tracking these companies actively. The corporate reporting season has opened on a positive note for the majority of the companies in the portfolio, including Google, Medidata, Nasdaq, Schwab and SAP. On the other hand, the switch to growth drivers has been longer-than-expected in IBM's case, and short-term order delays at Mellanox have impacted stock prices for both companies, and contributed negatively to performance this month. Corporate reporting, particularly in Asia, has continued to feed the price pressure on key components in the IT infrastructure, particularly the memory sector. This inflation is expected to have a ripple impact on the entire value chain and, potentially, on the final consumer during the year. There were no major movements in the portfolio during the period, except for the strengthening of Schlumberger and Charles Schwab in the data-users category. The prospects for structural growth in this theme and the discipline maintained in the portfolio with respect to valuations make us confident as to the fund's appreciation potential in the current environment.

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Change in NAV

Chart – Base 100 (23/05/2017)
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 7.87 % 7.87 %
1 Year 32.00 % 32.00 %
Since inception 34.05 % 18.47 %
Since 01/01/2017 1 Year 3 Year 5 year Since inception

7.87 %

32.00 %

34.05 %


32.00 %

18.47 %


VolatilityTracking ErrorCorrelation coefficientInformation ratioSharpe ratio
1 Year1 Year1 Year1 Year1 Year
Share class A-EUR13.55 %4.85 %0.94 %3.32 %1.85 %
Benchmark11.35 %
Max. monthly lossMax. monthly gainMax. drawdownAlphaBeta
Since inceptionSince inception1 Year1 Year1 Year
Share class A-EUR-15.54 %0.33 %-7.19 %0.20 %1.12 %
Share class A-EUR
1 Year 3 Year 1 Year 3 Year
Volatility 13.55 % 11.35 %
Tracking Error 4.85 %
Sharpe ratio 1.85 %
Alpha 0.20 %
Correlation coefficient 0.94 %
Information ratio 3.32 %
Max. monthly loss -15.54 %
Max. monthly gain 0.33 %
Max. drawdown -7.19 %
Beta 1.12 %

Fund information

Inception Date (Fund)
Inception Date (Part)
Legal form
MSCI World (NR)
Currency (fund)
Currency (share class)
Distribution Policy
Valuation frequency
Minimum initial investment
1 Share
AuM (fund)
177 M (EUR)
Regulatory authority
EU Regulation
Management company
Edmond de Rothschild Asset Management (Luxembourg)
Delegated Management Company
Edmond de Rothschild Asset Management (France)
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.