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EdR Fund Global Value International equities

International equities
Change in NAV (21/08/2017)
94.72 EUR
Christophe  FOLIOT–LU1160360613–
Christophe FOLIOT
Valérie GUELFI–LU1160360613–
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
94.72 EUR
Change in NAV (21/08/2017)
6
1234567
Risk and reward profile
> 5 years
Recommended holding period
Change in NAV (21/08/2017)
94.72 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 31/07/2017

Macroeconomic reports have continued to look good, while figures for US inflation kept below expectations. Quarterly publications show slightly better than expected earnings growth, particularly in the industrial and healthcare sectors. However, market trends are still being dominated by the interest rate environment, inflation expectations and monetary policy orientations. EdR Global Value posted a performance in line with the index, driven by industrial stocks, commodities and the rebound in oil equities, following the rise in oil prices at the month end. Aerospace-related securities benefited from air traffic growth, while higher steel prices supported Allegheny and ThyssenKrupp stocks. Lastly, the good results published by telecom groups resulted in a catch-up at the month end. Conversely, the health sector suffered from the disappointing results of an oncology trial that strongly affected the price of AstraZeneca stock, which had performed well since the beginning of the year. Consumer discretionary stocks were impacted by results that fell short of its competitors, for Renault and Whirlpool. We have invested in Kinder Morgan, which is expected to benefit from the infrastructure needs associated with growing shale gas and oil production. Louisiana Pacific (wood products) was sold following its robust performance. The producers of edge-glued panels have remained disciplined in the face of a solid recovery in demand. Meanwhile, we are confident that cyclical stocks have the potential to outperform in a climate of gradually rising inflation expectations and interest rates.

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Change in NAV

Chart – Base 100 (21/08/2017)
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 C-EUR Cumulative Annualised
Since 01/01/2017

-7.07 %

-0.20 %

-7.07 %

-0.20 %

1 Year

6.76 %

8.99 %

6.72 %

8.94 %

Since inception

-5.28 %

6.07 %

-2.62 %

2.92 %

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

Share class (C-EUR)

Benchmark

-7.07 %

-0.20 %

6.76 %

8.99 %

-5.28 %

6.07 %

Annualised

Share class (C-EUR)

Benchmark

6.72 %

8.94 %

-2.62 %

2.92 %

*Rolling periods

Annual performance



Statistics

VolatilityTracking ErrorCorrelation coefficientInformation ratioSharpe ratio
Share class C-EURBenchmarkShare class C-EURBenchmarkShare class C-EURBenchmarkShare class C-EURBenchmarkShare class C-EURBenchmark
1 Year*12.60 %10.70 %5.18 %0.91 %0.81 %0.92 %
3 Year *
Max. drawdownAlphaBeta
Share class C-EURBenchmarkShare class C-EURBenchmarkShare class C-EURBenchmark
1 Year*-7.21 %0.06 %1.07 %
3 Year *
Max. monthly gain Since inception11.51 %
Max. monthly loss Since inception-14.85 %
Share class C-EUR
Benchmark
1 Year* 3 Year * 1 Year* 3 Year *
Volatility 12.60 % 10.70 %
Tracking Error 5.18 %
Sharpe ratio 0.92 %
Alpha 0.06 %
Correlation coefficient 0.91 %
Information ratio 0.81 %
Max. monthly loss -14.85 %
Max. monthly gain 11.51 %
Max. drawdown -7.21 %
Beta 1.07 %

Fund information

Inception Date (Fund)
09/06/2008
Inception Date (Part)
06/08/2015
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
LU1160360613
AuM (fund)
184 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
0,850 %
Current management fee
0.850 %
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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