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 Value International equities

International equities
Change in NAV (19/06/2018)
217.78 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
217.78 EUR
Change in NAV (19/06/2018)
6
1234567
Risk and reward profile
> 5 years
Recommended holding period
Change in NAV (19/06/2018)
217.78 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 31/05/2018

Market volatility rose sharply in May, driven by the return of trade tensions and political risk in the euro zone. EdR Global Value was penalised by the euro zone's financials, with widening sovereign spreads having impacted Intesa and Generali, and then spread to Spanish banks. We have held on to our positions, however. Despite the volatility generated by political risk, the momentum behind bad debt reduction and cost discipline has remained positive and should result in a continued improvement in profitability and shareholder return. Canadian aircraft maker Bombardier has announced the surprise certification of two new business jets, plus letters of intent from Asian customers, as well as new orders for its CSeries jet airliners. Airbus's CSeries acquisition is expected to be finalised for the summer, as well as implementation of its transformation plan established in 2015, which has helped its stock to rebound. Oil prices corrected at the month end following discussions with Russia and Saudi Arabia over the exit strategy from their production cuts, now that global inventories have returned to their five-year lows. On the WTI, spot crude closed the month at $67/bbl, but futures prices began to rebound, with the 3-year forward price rising from $56/bbl to $59/bbl over the month. The energy sector was the leading contributor of performance in May. Major E&P stocks posted encouraging results, rewarding their discipline on capital expenditure and focus on shareholder returns. The energy sector has also been the leading contributor since the beginning of the year. Despite the rise in long-term rates, performance spreads between Growth and Value styles have continued to widen (to 800 bps at May's end) and the revaluation potential for our portfolio convictions remains intact.

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Change in NAV

Chart – Base 100 (19/06/2018)
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 A-EUR Cumulative Annualised
Since 01/01/2018

7.32 %

5.34 %

7.32 %

5.34 %

1 Year

7.42 %

7.30 %

7.42 %

7.30 %

3 Year

8.49 %

23.58 %

2.75 %

7.31 %

5 year

54.84 %

82.88 %

9.13 %

12.83 %

Since inception

117.78 %

114.69 %

8.07 %

7.91 %

Since 01/01/2018 1 Year 3 Year 5 year Since inception
Cumulative

Share class (A-EUR)

Benchmark

7.32 %

5.34 %

7.42 %

7.30 %

8.49 %

23.58 %

54.84 %

82.88 %

117.78 %

114.69 %

Annualised

Share class (A-EUR)

Benchmark

7.42 %

7.30 %

2.75 %

7.31 %

9.13 %

12.83 %

8.07 %

7.91 %

*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*13.38 %11.58 %5.78 %0.90 %0.03 %0.59 %
3 Year *15.58 %11.53 %7.13 %0.90 %-0.61 %0.50 %
Max. drawdownAlphaBeta
Share class A-EURBenchmarkShare class A-EURBenchmarkShare class A-EURBenchmark
1 Year*-9.98 %1.04 %
3 Year *-34.80 %-0.42 %1.22 %
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 13.38 % 15.58 % 11.58 % 11.53 %
Tracking Error 5.78 % 7.13 %
Sharpe ratio 0.59 % 0.50 %
Alpha -0.42 %
Correlation coefficient 0.90 % 0.90 %
Information ratio 0.03 % -0.61 %
Max. monthly loss -25.25 %
Max. monthly gain 21.59 %
Max. drawdown -9.98 % -34.80 %
Beta 1.04 % 1.22 %

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)
145 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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