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EdR Fund Global Value International equities

International equities
Change in NAV (18/10/2017)
198.14 EUR
Christophe  FOLIOT–LU1160358633–
Christophe FOLIOT
Valérie GUELFI–LU1160358633–
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
198.14 EUR
Change in NAV (18/10/2017)
6
1234567
Risk and reward profile
> 5 years
Recommended holding period
Change in NAV (18/10/2017)
198.14 EUR
Risk and reward profile
1234567
Recommended holding period
> 5 years
Christophe FOLIOT  
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 its net assets by selecting stocks that are listed primarily on the international equity markets, and to outperform the MSCI World index, over the recommended investment period.

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Commentary 29/09/2017

Global Value benefited from a positive environment for Value funds, thanks to the Federal Reserve's statement confirming its strategy to gradually reduce its balance sheet. There was also a higher yield on the US 10-year T-Note supported by expectations of growth and inflation, a possible US tax reform, and the 9% rebound in oil prices. Our exposure to the cyclical, and, in particular, financial sectors contributed to an outperformance over the period. But, above all, it was energy stocks that posted the strongest rebounds: +20% for oil producers and +30% for service companies (their stocks posting falls of around 20% since the beginning of the year, while oil prices fell back to their January levels). The continued pick-up in European growth prospects and sustained improvement in fundamentals contributed to the robust performance posted by Renault and Accor. In Canada, Bombardier (the railroad and aerospace manufacturer) was penalised by the US Department of Commerce's announcement it would launch proceedings to impose tariffs on C-Series jet sales to US airlines. A final decision is expected in 2018 and Boeing will have to justify its claim of being penalised by these contracts — an assertion some experts consider difficult. We have begun to reduce exposure to JP Morgan as its discount is gradually shrinking, as well as to Brighthouse Financial, the personal life assurance business spun off by Metlife — which is refocusing on its savings, corporate insurance and asset management businesses.

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Change in NAV

Chart – Base 100 (18/10/2017)
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

-2.11 %

5.51 %

-2.11 %

5.51 %

1 Year

8.85 %

13.38 %

8.85 %

13.38 %

3 Year

21.49 %

44.65 %

6.69 %

13.07 %

5 year

66.76 %

85.05 %

10.76 %

13.09 %

Since inception

98.14 %

100.01 %

7.58 %

7.68 %

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

Share class (A-EUR)

Benchmark

-2.11 %

5.51 %

8.85 %

13.38 %

21.49 %

44.65 %

66.76 %

85.05 %

98.14 %

100.01 %

Annualised

Share class (A-EUR)

Benchmark

8.85 %

13.38 %

6.69 %

13.07 %

10.76 %

13.09 %

7.58 %

7.68 %

*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*13.46 %10.68 %5.38 %0.92 %-0.30 %1.19 %
3 Year *15.98 %11.91 %7.00 %0.91 %-0.85 %0.87 %
Max. drawdownAlphaBeta
Share class A-EURBenchmarkShare class A-EURBenchmarkShare class A-EURBenchmark
1 Year*-13.01 %-0.06 %1.16 %
3 Year *-37.65 %-0.62 %1.23 %
Max. monthly gain Since inception21.59 %
Max. monthly loss Since inception-25.25 %
Share class A-EUR
Benchmark
1 Year* 3 Year * 1 Year* 3 Year *
Volatility 13.46 % 15.98 % 10.68 % 11.91 %
Tracking Error 5.38 % 7.00 %
Sharpe ratio 1.19 % 0.87 %
Alpha -0.06 % -0.62 %
Correlation coefficient 0.92 % 0.91 %
Information ratio -0.30 % -0.85 %
Max. monthly loss -25.25 %
Max. monthly gain 21.59 %
Max. drawdown -13.01 % -37.65 %
Beta 1.16 % 1.23 %

Fund information

Inception Date (Fund)
09/06/2008
Inception Date (Part)
09/06/2008
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
LU1160358633
AuM (fund)
177 M (EUR)
Regulatory authority
CSSF
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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