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EdR Fund Global Healthcare Thematic equities

Thematic equities
Change in NAV (26/06/2017)
311.85 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
311.85 EUR
Change in NAV (26/06/2017)
6
1234567
Risk and reward profile
5 years
Recommended holding period
Change in NAV (26/06/2017)
311.85 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 31/05/2017

Global Healthcare underperformed its benchmark this month, penalised primarily by its exposure to North American biotechnology companies. AstraZeneca posted the largest contribution over the month, with a gain of around 15%. The company has released positive results for its Phase III Pacific trial. This tested durvalumab monotherapy with inoperable stage III lung cancer. The results are very encouraging for AstraZeneca's immunotherapy programme. Regeneron has been climbing since being awarded FDA approval for Kevzara in the treatment of rheumatoid arthritis. Meanwhile, we have strengthened our position on 3SBio: the company has signed an exclusive deal with Eli Lilly in the United States to market Humulin insulin in China. This agreement will enable 3SBio to optimise its specialised diabetes sales force in the Chinese market. We took advantage of Nevro's weakness to strengthen our position on the device company. Its Q1 sales came in below expectations, but this does not caste doubt on the very strong sales potential its Senza SCS system promises.

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Change in NAV

Chart – Base 100 (26/06/2017)
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 K-EUR Cumulative Annualised
Since 01/01/2017

9.28 %

11.04 %

9.28 %

11.04 %

1 Year

18.01 %

15.25 %

17.90 %

15.17 %

3 Year

51.13 %

51.21 %

14.74 %

14.76 %

5 year

135.43 %

131.97 %

18.67 %

18.32 %

Since inception

211.85 %

209.53 %

16.63 %

16.51 %

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

Share class (K-EUR)

Benchmark

9.28 %

11.04 %

18.01 %

15.25 %

51.13 %

51.21 %

135.43 %

131.97 %

211.85 %

209.53 %

Annualised

Share class (K-EUR)

Benchmark

17.90 %

15.17 %

14.74 %

14.76 %

18.67 %

18.32 %

16.63 %

16.51 %

*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*18.31 %14.31 %5.51 %0.97 %-0.16 %0.52 %
3 Year *16.77 %14.91 %4.10 %0.97 %-0.11 %0.95 %
Max. drawdownAlphaBeta
Share class K-EURBenchmarkShare class K-EURBenchmarkShare class K-EURBenchmark
1 Year*-12.43 %-0.04 %1.24 %
3 Year *-24.67 %-0.12 %1.09 %
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 18.31 % 16.77 % 14.31 % 14.91 %
Tracking Error 5.51 % 4.10 %
Sharpe ratio 0.52 % 0.95 %
Alpha -0.04 % -0.12 %
Correlation coefficient 0.97 % 0.97 %
Information ratio -0.16 % -0.11 %
Max. monthly loss -17.63 %
Max. monthly gain 13.94 %
Max. drawdown -12.43 % -24.67 %
Beta 1.24 % 1.09 %

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)
535 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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