Edmond de Rothschild

Welcome to our Fund Center

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.

Please enter your country and indicate which investor category you belong to:
Mobile Logo

EdR Fund Income Europe Income strategies

Income strategies
Change in NAV (18/06/2018)
113.74 EUR
Pierre  NEBOUT–LU1276000152–
Pierre NEBOUT
Julien deSAUSSURE–LU1276000152–
Julien deSAUSSURE
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
113.74 EUR
Change in NAV (18/06/2018)
3
1234567
Risk and reward profile
> 5 years
Recommended holding period
Change in NAV (18/06/2018)
113.74 EUR
Risk and reward profile
1234567
Recommended holding period
> 5 years
Pierre NEBOUT  
Julien deSAUSSURE  
The identity of the managers presented in this document may change during the life of the product.
Contact

Investment objective

Investment objective: The objective of the Sub-Fund is to generate regular income and provide capital growth over the medium to long-term by investing in European equity and fixed income securities.

View more View less

Commentary 31/05/2018

At the beginning of the year the euro zone showed a consensus on what equity exposure should be favoured. It sought a solid recovery cycle, supported by positive financial conditions, waning political risk in the wake of Macron's election, while making the euro more attractive for non-residents. The economic cycle in the United States (driven by tax support measures and immediately visible in US corporate earnings growth) as well as its monetary cycle (with monetary tightening and reductions in the Federal Reserve's balance sheet) gave a positive surprise. Long-term interest rates turned upwards, crossing the 3% threshold, while the USD reversed its downtrend. The first victims were the debt-laden emerging economies: Argentina, Turkey and Brazil. Moreover, the acceleration in US momentum contrasted with the slowdown seen in leading indicators in the euro zone. The downgrading of the euro zone was worsened by the re-emergence of political risk to the European project (with the Italian, and to a lesser extent, Spanish political crises). This was immediately sanctioned by widening rate spreads between the European periphery and Germany. And it spread to the credit market, and financial debt in particular. Advantage was taken of this credit market dislocation to deploy some of the cash into BB rated issues, hybrids and suffering financial subordinates. On the equity side, profits taken early in the month — on securities that had appreciated well — were reassigned to more defensive stocks, structural growth, and month-end strengthening on energy via ENI. Equity exposure was sharply reduced (with hedging initiated on May 23 to close at 10% net exposure at May's end). The rate hedge was strengthened at the month end, as the bund's level of 0.25% struck us as excessively low.

View more View less

Change in NAV

Chart – Base 100 (18/06/2018)
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 C-EUR Cumulative Annualised
Since 01/01/2018

-0.78 %

-0.78 %

1 Year

0.79 %

0.78 %

Since inception

13.74 %

5.54 %

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

Share class (C-EUR)

Benchmark

-0.78 %

0.79 %

13.74 %

Annualised

Share class (C-EUR)

Benchmark

0.78 %

5.54 %

*Rolling periods

Annual performance



Statistics

VolatilityMax. drawdown
Share class C-EURBenchmarkShare class C-EURBenchmark
1 Year*3.38 %-2.78 %
3 Year *
Max. monthly gain Since inception3.48 %
Max. monthly loss Since inception-3.59 %
Share class C-EUR
Benchmark
1 Year* 3 Year * 1 Year* 3 Year *
Volatility 3.38 %
Tracking Error
Max. monthly loss -3.59 %
Max. monthly gain 3.48 %
Max. drawdown -2.78 %

Fund information

Inception Date (Fund)
31/12/2013
Inception Date (Part)
29/01/2016
Legal form
SICAV
Currency (fund)
EUR
Currency (share class)
EUR
Distribution Policy
Accumulation
Valuation frequency
Daily
Minimum initial investment
1 Share
ISIN Code
LU1276000152
AuM (fund)
346 M (EUR)
Regulatory authority
CSSF
EU Regulation
UCITS
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
Subscription fee
2.00 % max

Fund documentation

Select all

(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.

Top