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EdR Fund Big Data Thematic equities

Thematic equities
Change in NAV (18/07/2017)
133.91 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
133.91 EUR
Change in NAV (18/07/2017)
6
1234567
Risk and reward profile
> 5 years
Recommended holding period
Change in NAV (18/07/2017)
133.91 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 30/06/2017

June saw a sudden turnaround within a market that was stable in local currency terms. Around the world, the technology sector fell by more than -2.3% over the month. And volatility in the sector increased. The reason was: growing concern over valuations in the wake of the sector's very strong performance since the beginning of the year. In this situation, and despite the strong technological component inherent in its theme, the fund has not underperformed significantly in relative terms. Its performance was mainly the outcome of two factors: First, that we have never compromised on valuations. And second, that we reduced or exited all the stocks that no longer met reasonable eligibility criteria. It was in this setting that we sold our remaining positions on Inovalon and Square at the beginning of the month. In contrast, the companies with valuations and fundamentals that seemed positive to us, such as Criteo, were strengthened. With respect to the recent correction, our analysis is as follows: Comparisons with the early 2000s are not useful because in contrast with a period when new valuation ratios were being invented, we have companies with robust business models. We are not worried about the fund because there is no exuberance regarding the companies we have in the portfolio. And the correcting elements — fundamentals and valuations — should largely protect them from most of the correction. Nevertheless, if the portfolio's stocks were unfairly penalised, this would provide an excellent opportunity to put the fund's current cash reserve to work.

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Change in NAV

Chart – Base 100 (18/07/2017)
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

7.76 %

2.56 %

7.76 %

2.56 %

1 Year

24.64 %

11.45 %

24.64 %

11.45 %

Since inception

33.91 %

19.03 %

16.78 %

9.69 %

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

Share class (A-EUR)

Benchmark

7.76 %

2.56 %

24.64 %

11.45 %

33.91 %

19.03 %

Annualised

Share class (A-EUR)

Benchmark

24.64 %

11.45 %

16.78 %

9.69 %

*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*12.83 %10.84 %4.16 %0.95 %3.27 %1.41 %
3 Year *
Max. drawdownAlphaBeta
Share class A-EURBenchmarkShare class A-EURBenchmarkShare class A-EURBenchmark
1 Year*-3.85 %0.18 %1.13 %
3 Year *
Max. monthly gain Since inception8.94 %
Max. monthly loss Since inception-14.21 %
Share class A-EUR
Benchmark
1 Year* 3 Year * 1 Year* 3 Year *
Volatility 12.83 % 10.84 %
Tracking Error 4.16 %
Sharpe ratio 1.41 %
Alpha 0.18 %
Correlation coefficient 0.95 %
Information ratio 3.27 %
Max. monthly loss -14.21 %
Max. monthly gain 8.94 %
Max. drawdown -3.85 %
Beta 1.13 %

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)
190 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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