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 (16/05/2018)
23,771.19 EUR
Christophe  FOLIOT–LU1160360373–
Christophe FOLIOT
Valérie GUELFI–LU1160360373–
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
23,771.19 EUR
Change in NAV (16/05/2018)
6
1234567
Risk and reward profile
> 5 years
Recommended holding period
Change in NAV (16/05/2018)
23,771.19 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 30/04/2018

Equity markets rose widely in April as trade tensions between the United States and China eased and macroeconomic numbers remained buoyant. Oil prices continued to rise, with spot crude on the WTI closing the month at $68/bbl (vs $65/bbl at end March), and with futures also starting to recover. In fact, global demand remains strong, inventories are back at their five-year lows, and US producers are demonstrating willingness to keep production controlled. Oil stocks have benefited from the up-tick in investor sentiment, as have the industry sub-segments in E&P (Whiting +20%), majors (ENI +13%) and services (Patterson +22%). Despite this rebound, the rise in equities remains well below that of oil prices, and stocks are trading at a -40% discount against the market. EdR Global Value's outperformance in April came mainly from our investments in the energy sector. The catch-up on discounted values has not yet taken place, though inflation expectations have been unfolding and initial reports confirm a very strong level of activity by the companies in our portfolio (banking, healthcare and energy). The Q1 reports have started coming out, with good results from major US banks, in-line with expectations, and driven by modestly higher income. Meanwhile operating and credit costs remain under control. The fund has also benefited from various investments in the healthcare sector: with Japan's Takeda confirming its interest in the London-listed group Shire (up +8% over the month), hoping to strengthen its position on haemophilia and rare diseases.

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Change in NAV

Chart – Base 100 (16/05/2018)
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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 I-EUR Cumulative Annualised
Since 01/01/2018

7.46 %

3.69 %

7.46 %

3.69 %

1 Year

7.00 %

6.70 %

7.00 %

6.70 %

3 Year

10.43 %

20.89 %

3.36 %

6.52 %

5 year

56.69 %

70.01 %

9.39 %

11.19 %

Since inception

137.71 %

111.33 %

9.10 %

7.82 %

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

Share class (I-EUR)

Benchmark

7.46 %

3.69 %

7.00 %

6.70 %

10.43 %

20.89 %

56.69 %

70.01 %

137.71 %

111.33 %

Annualised

Share class (I-EUR)

Benchmark

7.00 %

6.70 %

3.36 %

6.52 %

9.39 %

11.19 %

9.10 %

7.82 %

*Rolling periods

Annual performance



Statistics

VolatilityTracking ErrorCorrelation coefficientInformation ratioSharpe ratio
Share class I-EURBenchmarkShare class I-EURBenchmarkShare class I-EURBenchmarkShare class I-EURBenchmarkShare class I-EURBenchmark
1 Year*13.24 %11.57 %5.52 %0.91 %-0.04 %0.20 %
3 Year *15.42 %11.39 %6.99 %0.91 %-0.47 %0.45 %
Max. drawdownAlphaBeta
Share class I-EURBenchmarkShare class I-EURBenchmarkShare class I-EURBenchmark
1 Year*-10.70 %1.04 %
3 Year *-35.12 %-0.33 %1.23 %
Max. monthly gain Since inception21.68 %
Max. monthly loss Since inception-25.20 %
Share class I-EUR
Benchmark
1 Year* 3 Year * 1 Year* 3 Year *
Volatility 13.24 % 15.42 % 11.57 % 11.39 %
Tracking Error 5.52 % 6.99 %
Sharpe ratio 0.20 % 0.45 %
Alpha -0.33 %
Correlation coefficient 0.91 % 0.91 %
Information ratio -0.04 % -0.47 %
Max. monthly loss -25.20 %
Max. monthly gain 21.68 %
Max. drawdown -10.70 % -35.12 %
Beta 1.04 % 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
500000.00 EUR
ISIN Code
LU1160360373
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
0,750 %
Current management fee
0.750 %
Subscription and redemption conditions
Daily before 12.30 am C.E.T. on day's net asset value
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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