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 Infrastructures Thematic equities

Thematic equities
Change in NAV (10/12/2018)
184.80 EUR
Emmanuel  PAINCHAULT–LU1160361181–
Emmanuel PAINCHAULT
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
184.80 EUR
Change in NAV (10/12/2018)
5
1234567
Risk and reward profile
> 5 years
Recommended holding period
Change in NAV (10/12/2018)
184.80 EUR
Risk and reward profile
1234567
Recommended holding period
> 5 years
Emmanuel PAINCHAULT  
 
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 on the international equity markets, notably in the infrastructure sector, over the recommended minimum investment period

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Commentary 30/06/2018

International equity markets lost only 0.8% in June (in EUR) in a high volatility climate linked to escalating trade tensions. The euro remained stable against the US dollar this month. While June began well, with a controlled message from central bankers, which brought visibility to investors, it was — unsurprisingly — Donald Trump who threw oil on the fire with the establishment of new customs barriers, and the threat of raising the stakes if China considered retaliation. Despite the anxiety-inducing climate, the published macroeconomic data does not suggest a general slowdown in the economy. Turning to the central banks, a difference in its cyclical positioning has prompted the US Federal Reserve to continue hiking its short-term rates, while the ECB will not launch this trend before autumn 2019. Long-term rates remained unchanged month-on-month in the United States, resulting in a flattening yield curve. The fund posted a performance of -1.2% in June, underperforming the equity markets. In this, it was penalised by its under-exposure to US equities, and its over-exposure to European and emerging equities. The best contributors to performance were Aéroports de Paris and Mexican airport operator GAP, while the worst were Rubis and Airports of Thailand. Aéroports de Paris has obtained the French Government's green light for its privatisation (Pacte Bill). GAP has benefited from the new tone presented by López Obrador, Mexico's newly elected president, who wants to grow infrastructure spending while reducing the public deficit. GAP published traffic figures up +13% y-o-y in May. Rubis lost 10% in June after being downgraded by a broker. Meanwhile, we strengthened our position on Ø rsted, which has launched the divestment process for its electricity distribution business in Denmark, valued at $3.5 billion

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Change in NAV

Chart – Base 100 (10/12/2018)
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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 R-EUR Cumulative Annualised

-10.25 %

1.35 %

3.07 %

Since inception

84.80 %

6.45 %

Since 01/01/2018 1 year* 3 years* 5 years* Since inception
Cumulative

Share class (R-EUR)

Benchmark

84.80 %

Annualised

Share class (R-EUR)

Benchmark

-10.25 %

1.35 %

3.07 %

6.45 %

*Rolling periods

Annual performance



Statistics

VolatilityMax. drawdown
Share class R-EURBenchmarkShare class R-EURBenchmark
1 Year*11.15 %-12.19 %
3 Year *7.67 %-14.29 %
Max. monthly gain Since inception10.06 %
Max. monthly loss Since inception-12.91 %
Share class R-EUR
Benchmark
1 Year* 3 Year * 1 Year* 3 Year *
Volatility 11.15 % 7.67 %
Tracking Error
Max. monthly loss -12.91 %
Max. monthly gain 10.06 %
Max. drawdown -12.19 % -14.29 %

Fund information

Inception Date (Fund)
28/12/2007
Inception Date (Part)
16/02/2009
Legal form
SICAV
Benchmark
MSCI AC World (NR)
Currency (fund)
EUR
Currency (share class)
EUR
Distribution Policy
Accumulation
Valuation frequency
Daily
Minimum initial investment
1 Share
ISIN Code
LU1160361181
AuM (fund)
27 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
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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