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 Global Emerging Emerging equities

Emerging equities
Change in NAV (20/09/2018)
101.93 USD
Ludovic  VAUTHIER–LU1103296106–
Ludovic VAUTHIER
Patricia URBANO–LU1103296106–
Patricia URBANO
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
101.93 USD
Change in NAV (20/09/2018)
5
1234567
Risk and reward profile
> 5 years
Recommended holding period
Change in NAV (20/09/2018)
101.93 USD
Risk and reward profile
1234567
Recommended holding period
> 5 years
Ludovic VAUTHIER  
Patricia URBANO  
The identity of the managers presented in this document may change during the life of the product.
Contact

Investment objective

The objective, over a recommended investment period of more than 5 years, is to grow net asset value by investing in companies registered predominantly in emerging countries (Asia, Latin America, Caribbean, Eastern Europe, Middle East, Africa).

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Commentary 30/06/2018

Emerging Market index went down by 5% in June. The selloff is explained by: (i) lower than expected Chinese economic data; (ii) hawkish FOMC; (iii) increasing trade tensions between US andChina and; (iv) weakening EM currencies. Furthermore, oil price continued to move up, despite OPEC decision to increase production by 1mbd. China (-6.4%) lagged EM. PBoC lowered required reserve ratio by 50bps. Chinese Yuan lost 3.28%, but, it is worth noting the Chinese currency remains one of the strongest currencies YTD in EM. PBoC also sent a clear message that the Chinese currency should remain stable at reasonable level, and not be used to offset higher US tariff on Chinese imports. India outperformed its EM peers (-1%). IP growth surprised positively, but inflation also went up. RBI increased interest rates by 25bps. In Brazil (-8%), June PMI was below the 50 threshold level. June weak economic numbers were affected by the trucker strike in May. The currency lost 4% due to sluggish cyclical recovery, increasing uncertainties on elections, strong correction of Argentinean Peso. Mexico (+8.7%), AMLO was elected President and also took the majority of both chambers in Congress. Before election, AMLO had a reassuring speech to the market, affirming he will respect the fiscal responsibility law. Colombia (+1%), the currency benefits from higher oil, plus Mr. Duque, the most market friendly candidate was elected president. South Africa (-4.5%)the currency weakened 7.5% as 1Q18 GDP was well below expectations, as metal prices corrected. The Current account deficit deteriorated to 4.8% versus 2.9% in 4Q17. During the month, we reduced the fund's OW on China and on the tech sector and increased cash, providing the uncertainties created on the trade war

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Change in NAV

Chart – Base 100 (20/09/2018)
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 R-USD Cumulative Annualised

-14.48 %

-4.56 %

7.51 %

10.20 %

3.06 %

2.86 %

Since inception

1.93 %

4.62 %

0.27 %

0.63 %

Since 01/01/2018 1 year* 3 years* 5 years* Since inception
Cumulative

Share class (R-USD)

Benchmark

1.93 %

4.62 %

Annualised

Share class (R-USD)

Benchmark

-14.48 %

-4.56 %

7.51 %

10.20 %

3.06 %

2.86 %

0.27 %

0.63 %

*Rolling periods

Annual performance



Statistics

VolatilityTracking ErrorCorrelation coefficientInformation ratioSharpe ratio
Share class R-USDBenchmarkShare class R-USDBenchmarkShare class R-USDBenchmarkShare class R-USDBenchmarkShare class R-USDBenchmark
1 Year*17.84 %15.66 %4.98 %0.96 %-1.66 %-0.16 %
3 Year *13.72 %14.46 %5.99 %0.91 %-0.35 %0.73 %
Max. drawdownAlphaBeta
Share class R-USDBenchmarkShare class R-USDBenchmarkShare class R-USDBenchmark
1 Year*-23.10 %-0.16 %1.10 %
3 Year *-23.10 %-0.03 %0.86 %
Max. monthly gain Since inception16.72 %
Max. monthly loss Since inception-16.62 %
Share class R-USD
Benchmark
1 Year* 3 Year * 1 Year* 3 Year *
Volatility 17.84 % 13.72 % 15.66 % 14.46 %
Tracking Error 4.98 % 5.99 %
Sharpe ratio -0.16 % 0.73 %
Alpha -0.16 % -0.03 %
Correlation coefficient 0.96 % 0.91 %
Information ratio -1.66 % -0.35 %
Max. monthly loss -16.62 %
Max. monthly gain 16.72 %
Max. drawdown -23.10 % -23.10 %
Beta 1.10 % 0.86 %

Fund information

Inception Date (Fund)
10/05/1993
Inception Date (Part)
15/07/2011
Legal form
SICAV
Benchmark
MSCI Emerging Markets (NR)
Currency (fund)
EUR
Currency (share class)
USD
Distribution Policy
Accumulation
Valuation frequency
Daily
Minimum initial investment
1 Share
ISIN Code
LU1103296106
AuM (fund)
285 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
2,100 %
Current management fee
2.100 %
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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