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 Infrastructures Thematic equities

Thematic equities
Change in NAV (14/06/2018)
189.72 EUR
Emmanuel  PAINCHAULT–LU1160361934–
Emmanuel PAINCHAULT
Pierre PEDROSA–LU1160361934–
Pierre PEDROSA
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
189.72 EUR
Change in NAV (14/06/2018)
5
1234567
Risk and reward profile
> 5 years
Recommended holding period
Change in NAV (14/06/2018)
189.72 EUR
Risk and reward profile
1234567
Recommended holding period
> 5 years
Emmanuel PAINCHAULT  
Pierre PEDROSA  
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.

View more View less

Commentary 31/05/2018

The performance logged by the international equity markets in May (+3.6% for the MSCI ACWI in EUR) was mainly due to the rise of the dollar. In USD terms, the MSCI ACWI's performance is actually in the red (-0.2%) and varies by region: United States +2.2%, Europe -4.2% and Emerging -3.8% in USD. Investors were worried by the tense geopolitical climate (with a trade war and protectionism, renewed US sanctions on Iran, and political instability in Italy) as well as the slowdown in growth, especially in the euro zone. In the United States long bond yields fell, while in Europe peripheral rates rose sharply with the Italian crisis, when German bond rates returned to December levels. The fund posted a performance of +2.5% for the month, underperforming the equity markets. In this, it was penalised by under-exposure to US equities and thus to the USD, and our overexposure to European and emerging equities. The best contributors to performance were, unsurprisingly, US companies, especially in the construction sector (Vulcan Materials, Martin Marietta and Granite Construction), while the worst contributors were Rubis, Italgas, Gap and Orsted. A position has been constructed on the Brazilian highway concession operator, EcoRodovias, whose stock price was heavily impacted by the political situation in Brazil as well as the truckers' strikes. The stock is benefiting from the: 1) Resumption of traffic in Brazil. 2) Improved duration of its asset portfolio. 3) Low interest rate environment. And 4) Attractive valuation of the stock. A position was also initiated in Plains All American Pipeline, a midstream specialist in crude oil transportation in various North American basins. The company should benefit from the lack of transport infrastructure in the Permian, the most prolific basin. Meanwhile, we have reduced our exposure to Italian infrastructure (SNAM, Terna) which is very sensitive to the increase in Italian long-term interest rates. We also took our profits on Eiffage, which outperformed its counterpart Vinci, and reduced our exposure to Gibson Energy and Airports of Thailand.

View more View less

Change in NAV

Chart – Base 100 (14/06/2018)
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 K-EUR Cumulative Annualised
Since 01/01/2018

-0.82 %

-0.82 %

1 Year

1.00 %

1.00 %

3 Year

6.27 %

2.04 %

5 year

37.81 %

6.62 %

Since inception

89.72 %

7.96 %

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

Share class (K-EUR)

Benchmark

-0.82 %

1.00 %

6.27 %

37.81 %

89.72 %

Annualised

Share class (K-EUR)

Benchmark

1.00 %

2.04 %

6.62 %

7.96 %

*Rolling periods

Annual performance



Statistics

VolatilityMax. drawdown
Share class K-EURBenchmarkShare class K-EURBenchmark
1 Year*10.34 %-11.96 %
3 Year *9.34 %-19.13 %
Max. monthly gain Since inception7.36 %
Max. monthly loss Since inception-12.85 %
Share class K-EUR
Benchmark
1 Year* 3 Year * 1 Year* 3 Year *
Volatility 10.34 % 9.34 %
Tracking Error
Max. monthly loss -12.85 %
Max. monthly gain 7.36 %
Max. drawdown -11.96 % -19.13 %

Fund information

Inception Date (Fund)
28/12/2007
Inception Date (Part)
03/02/2010
Legal form
SICAV
Benchmark
MSCI AC World (NR)
Currency (fund)
EUR
Currency (share class)
EUR
Distribution Policy
Accumulation
Valuation frequency
Daily
Minimum initial investment
500000.00 EUR
ISIN Code
LU1160361934
AuM (fund)
37 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
0,850 %
Current management fee
0.850 %
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