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 (18/07/2018)
218.03 EUR
Christophe  FOLIOT–LU1160359102–
Christophe FOLIOT
Valérie GUELFI–LU1160359102–
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
218.03 EUR
Change in NAV (18/07/2018)
6
1234567
Risk and reward profile
> 5 years
Recommended holding period
Change in NAV (18/07/2018)
218.03 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 29/06/2018

Trade tensions continued to impact investor confidence and equity markets in June. While defensive sectors (utilities, real estate, consumer durables) and the energy sector outperformed, cyclicals were in decline. Within EdR Global Value, our investments in the commodities sector accordingly posted the worst performances, impacted by widespread fears of slowing global trade and falling demand. Automobile stocks (Renault, Volkswagen) and household appliances (Whirlpool) were penalised by concerns of additional costs related to steel supply, and possible difficulties in accessing final markets. Crude oil prices (WTI) climbed 10% over the month, given Opec's decision to put through a measured increase in production, with demand remaining sustained, and US reserves continuing to decline. Energy stocks cautiously welcomed the oil rebound and we remain invested throughout the value chain (from producers and service companies to equipment and infrastructure). We have strengthened our investments in the health sector through two US stocks: Celgene, is a biotech stock with a flagship product for the treatment of blood cancer and a pipeline of largely undervalued products in development. The other is CVS, which has a large network of pharmacies and medical prescription management sites. Its growth prospects are also being driven strongly by its deployment of clinics in its pharmacy network, as well as its intended merger with the healthcare mutual, Aetna. Based on this first semester, we expect to see a continuing out-performance by our Growth strategy at the expense its Value counterpart, with which it has now established a performance gap of almost 800 bps. While EdR Global Value has shown how to take advantage of the early rebound in energy-related stocks, there is still significant revaluation potential through other investments.

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Change in NAV

Chart – Base 100 (18/07/2018)
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-EUR Cumulative Annualised
Since 01/01/2018

7.11 %

6.25 %

7.11 %

6.25 %

1 Year

8.89 %

11.38 %

8.89 %

11.38 %

3 Year

5.26 %

18.92 %

1.72 %

5.94 %

5 year

44.49 %

75.65 %

7.63 %

11.92 %

Since inception

118.02 %

178.02 %

9.10 %

12.10 %

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

Share class (R-EUR)

Benchmark

7.11 %

6.25 %

8.89 %

11.38 %

5.26 %

18.92 %

44.49 %

75.65 %

118.02 %

178.02 %

Annualised

Share class (R-EUR)

Benchmark

8.89 %

11.38 %

1.72 %

5.94 %

7.63 %

11.92 %

9.10 %

12.10 %

*Rolling periods

Annual performance



Statistics

VolatilityTracking ErrorCorrelation coefficientInformation ratioSharpe ratio
Share class R-EURBenchmarkShare class R-EURBenchmarkShare class R-EURBenchmarkShare class R-EURBenchmarkShare class R-EURBenchmark
1 Year*13.41 %11.48 %5.93 %0.90 %-0.15 %0.78 %
3 Year *15.43 %11.24 %7.15 %0.90 %-0.66 %0.63 %
Max. drawdownAlphaBeta
Share class R-EURBenchmarkShare class R-EURBenchmarkShare class R-EURBenchmark
1 Year*-10.03 %-0.02 %1.05 %
3 Year *-33.96 %-0.48 %1.24 %
Max. monthly gain Since inception11.43 %
Max. monthly loss Since inception-20.64 %
Share class R-EUR
Benchmark
1 Year* 3 Year * 1 Year* 3 Year *
Volatility 13.41 % 15.43 % 11.48 % 11.24 %
Tracking Error 5.93 % 7.15 %
Sharpe ratio 0.78 % 0.63 %
Alpha -0.02 % -0.48 %
Correlation coefficient 0.90 % 0.90 %
Information ratio -0.15 % -0.66 %
Max. monthly loss -20.64 %
Max. monthly gain 11.43 %
Max. drawdown -10.03 % -33.96 %
Beta 1.05 % 1.24 %

Fund information

Inception Date (Fund)
09/06/2008
Inception Date (Part)
06/08/2009
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
LU1160359102
AuM (fund)
154 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
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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