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 Healthcare Thematic equities

Thematic equities
Change in NAV (07/12/2017)
272.64 EUR
Adeline  SALAT-BAROUX–LU1160357155–
Adeline SALAT-BAROUX
Valérie GUELFI–LU1160357155–
Valérie GUELFI
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
272.64 EUR
Change in NAV (07/12/2017)
6
1234567
Risk and reward profile
5 years
Recommended holding period
Change in NAV (07/12/2017)
272.64 EUR
Risk and reward profile
1234567
Recommended holding period
5 years
Adeline SALAT-BAROUX  
Valérie GUELFI  
The identity of the managers presented in this document may change during the life of the product.
Contact

Investment objective

The objective is to grow net assets by investing in companies operating in the healthcare sector, over the recommended investment period.

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Commentary 30/11/2017

The fund dipped over the month with a negative contribution from biotech companies. Tesaro posted the biggest decline. However, the company has published strong sales growth for its new Zejula product in the United States. This maintenance treatment used in ovarian cancer is the first to receive wide approval in Europe. Investors' fears of strong competition in this new therapeutic class of inhibitory PARPs strike us as highly excessive. Its strong sales growth is expected to continue and new indications found in combination with chemotherapy could give further potential to this treatment. Recent advances on tax reforms in the United States have benefited health mutuals. We have taken our profits and reduced the positions on Centene and Anthem. Meanwhile, we have been focusing on pharmaceutical and biotech companies with good visibility over earnings growth through diversified product portfolios and advanced pipelines. We have kept away from speculative biotechnology stocks and high valuation medical equipment companies.

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Change in NAV

Chart – Base 100 (07/12/2017)
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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 K-EUR Cumulative Annualised
Since 01/01/2017

-4.46 %

5.25 %

-4.46 %

5.25 %

1 Year

-0.47 %

10.19 %

-0.47 %

10.19 %

3 Year

7.10 %

17.49 %

2.31 %

5.50 %

5 year

86.43 %

103.91 %

13.26 %

15.31 %

Since inception

172.64 %

193.39 %

13.64 %

14.71 %

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

Share class (K-EUR)

Benchmark

-4.46 %

5.25 %

-0.47 %

10.19 %

7.10 %

17.49 %

86.43 %

103.91 %

172.64 %

193.39 %

Annualised

Share class (K-EUR)

Benchmark

-0.47 %

10.19 %

2.31 %

5.50 %

13.26 %

15.31 %

13.64 %

14.71 %

*Rolling periods

Annual performance



Statistics

VolatilityTracking ErrorCorrelation coefficientInformation ratioSharpe ratio
Share class K-EURBenchmarkShare class K-EURBenchmarkShare class K-EURBenchmarkShare class K-EURBenchmarkShare class K-EURBenchmark
1 Year*13.49 %10.50 %5.65 %0.92 %-1.74 %0.95 %
3 Year *16.59 %14.56 %5.21 %0.95 %-0.55 %0.47 %
Max. drawdownAlphaBeta
Share class K-EURBenchmarkShare class K-EURBenchmarkShare class K-EURBenchmark
1 Year*-13.01 %-0.21 %1.18 %
3 Year *-24.67 %-0.25 %1.08 %
Max. monthly gain Since inception13.94 %
Max. monthly loss Since inception-17.63 %
Share class K-EUR
Benchmark
1 Year* 3 Year * 1 Year* 3 Year *
Volatility 13.49 % 16.59 % 10.50 % 14.56 %
Tracking Error 5.65 % 5.21 %
Sharpe ratio 0.95 % 0.47 %
Alpha -0.21 % -0.25 %
Correlation coefficient 0.92 % 0.95 %
Information ratio -1.74 % -0.55 %
Max. monthly loss -17.63 %
Max. monthly gain 13.94 %
Max. drawdown -13.01 % -24.67 %
Beta 1.18 % 1.08 %

Fund information

Inception Date (Fund)
30/04/1985
Inception Date (Part)
04/02/2010
Legal form
SICAV
Benchmark
MSCI AC World Health Care (NR)
Currency (fund)
EUR
Currency (share class)
EUR
Distribution Policy
Accumulation
Valuation frequency
Daily
Minimum initial investment
500000.00 EUR
ISIN Code
LU1160357155
AuM (fund)
373 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
0,850 %
Current management fee
0.850 %
Subscription and redemption conditions
Daily before 12.30 am C.E.T. on day's net asset value

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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