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 (21/02/2018)
99.33 EUR
Pierre  NEBOUT–LU1726327858–
Pierre NEBOUT
Julien deSAUSSURE–LU1726327858–
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
99.33 EUR
Change in NAV (21/02/2018)
3
1234567
Risk and reward profile
> 5 years
Recommended holding period
Change in NAV (21/02/2018)
99.33 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 31/01/2018

European equity indices posted a marked uptrend in January, thanks to a global economic momentum that remains sustained, synchronous, and reinvigorated by tax reforms in the United States that will prolong the US cycle. Despite this buoyant environment, two key facts raise questions and are having some impact on the market trend. One is the rise in sovereign rates (with the 10-year US bond rate climbing from 2.4% at end 2017 to 2.7% at January's end, as well as the German bund up from 0.4% to around 0.7%). The other is the growing weakness manifested by the USD. The ongoing rise in sovereign rates on both sides of the Atlantic may be justified by an improvement in growth prospects, coupled with signs of renewed inflation. But the USD's decline raises more questions about its causes, its consequences (the euro's relative strength is cutting into some of the earnings growth European companies are enjoying), and its remedies. At the sector level, the outperformance posted by discounted financial and cyclical stocks reflects this reflationary trend. Meanwhile, M&A, and more generally business transformation activity, are both keeping strong. Given this climate, we remain constructive on the course of the cycle, but cautious over the short term. In the equity portfolio, this justifies a 14% exposure after hedging and some strengthening during the month. Within the credit compartment, subordinated financial issues have supported portfolio performance since the beginning of the year. On the financial side, we increased the subordinated debt compartment by taking part in the primary issues for Belfius (AT1), Raiffeisen (AT1) and Crédit Agricole Assurance (T2). On European High Yields, we took advantage of Selecta's credit arm by investing in its floating rate issue, which is particularly attractive in today's environment, and have strengthened on Céramtec's recent issue. Meanwhile, we maintained our hedging on German rates to lower the portfolio's overall sensitivity. This has proved a positive contributor to fund performance.

View more View less

Change in NAV

Chart – Base 100 (21/02/2018)
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 N-EUR Cumulative Annualised

Since inception

-0.67 %

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

Share class (N-EUR)

Benchmark

-0.67 %

Annualised

Share class (N-EUR)

Benchmark

*Rolling periods

Annual performance



Fund information

Inception Date (Fund)
31/12/2013
Inception Date (Part)
27/12/2017
Legal form
SICAV
Currency (fund)
EUR
Currency (share class)
EUR
Distribution Policy
Accumulation
Valuation frequency
Daily
Minimum initial investment
10000000.00 EUR
ISIN Code
LU1726327858
AuM (fund)
299 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
0,450 %
Current management fee
0.450 %
Subscription and redemption conditions
Daily before 12.30 am C.E.T. on day's net asset value

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