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 Investment Grade Credit Corporate bonds

Corporate bonds
Change in NAV (18/09/2018)
97.28 EUR
Mark  KOWALSKI–LU1080015008–
Mark KOWALSKI
Marc LACRAZ–LU1080015008–
Marc LACRAZ
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
> 2 years
97.28 EUR
Change in NAV (18/09/2018)
3
1234567
Risk and reward profile
> 2 years
Recommended holding period
Change in NAV (18/09/2018)
97.28 EUR
Risk and reward profile
1234567
Recommended holding period
> 2 years
Mark KOWALSKI  
Marc LACRAZ  
The identity of the managers presented in this document may change during the life of the product.
Contact

Investment objective

The objective of the Sub-Fund is to achieve long-term optimum growth of the invested capital via investments in debt securities traded on regulated capital and money markets. In particular the Sub-Fund aims to outperform the Bank of America Merrill Lynch 1-15 Year Global Corporate Index.

View more View less

Commentary 31/08/2018

Central banks are still continuing slowly down the path of exiting the ultra-accommodative policy. In the US, a rate hike in September has been well telegraphed by the FED and a second rate hike in December is partially priced in by investors, especially given the excellent economic statistics released in August. Notably, US GDP grew at an annualized rate of 4.2%. The Bank of Japan was rumored in early August to have been planning to signal a less expansive policy , but continuing weak inflation seems to have prompted Governor Kuroda to change his mind. While the news has not been confirmed, it reinforced the hawkish investors' sentiment after the BoJ set a more flexible target on 10year government bond yield in July, allowing this latter to rise up to +0.2%. No specific news regarding the European Central Bank came out in August, with investors focusing on the September meeting. The ECB will halve its asset buying program (from EUR 30bln to 15bln per month) from September.Following a significant tightening in July, global investment grade corporate spreads drifted slightly wider in August on the back of renewed geopolitical headlines (US-China trade tensions, budget talks in Italy, and especially the currency crisis in Turkey and Argentina). This widening was despite the strong earning season results and relatively quiet primary issuance activity. However performances of EUR and US IG corporate markets were positive thanks to the lower yields in benchmark rates. US IG corporate market outperformed significantly the EUR IG corporate market over the period.

View more View less

Change in NAV

Chart – Base 100 (18/09/2018)
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 B-EUR Cumulative Annualised

-2.04 %

-1.42 %

0.80 %

1.65 %

Since inception

2.75 %

7.02 %

0.65 %

1.64 %

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

Share class (B-EUR)

Benchmark

2.75 %

7.02 %

Annualised

Share class (B-EUR)

Benchmark

-2.04 %

-1.42 %

0.80 %

1.65 %

0.65 %

1.64 %

*Rolling periods

Annual performance



Statistics

VolatilityTracking ErrorCorrelation coefficientInformation ratioSharpe ratio
Share class B-EURBenchmarkShare class B-EURBenchmarkShare class B-EURBenchmarkShare class B-EURBenchmarkShare class B-EURBenchmark
1 Year*1.46 %1.33 %0.76 %0.85 %-1.00 %-0.58 %
3 Year *2.30 %2.09 %0.63 %0.96 %-1.55 %1.03 %
Max. drawdownAlphaBeta
Share class B-EURBenchmarkShare class B-EURBenchmarkShare class B-EURBenchmark
1 Year*-3.50 %-0.02 %0.94 %
3 Year *-3.50 %-0.09 %1.06 %
Max. monthly gain Since inception1.44 %
Max. monthly loss Since inception-1.71 %
Share class B-EUR
Benchmark
1 Year* 3 Year * 1 Year* 3 Year *
Volatility 1.46 % 2.30 % 1.33 % 2.09 %
Tracking Error 0.76 % 0.63 %
Sharpe ratio -0.58 % 1.03 %
Alpha -0.02 % -0.09 %
Correlation coefficient 0.85 % 0.96 %
Information ratio -1.00 % -1.55 %
Max. monthly loss -1.71 %
Max. monthly gain 1.44 %
Max. drawdown -3.50 % -3.50 %
Beta 0.94 % 1.06 %

Fund information

Inception Date (Fund)
24/05/2005
Inception Date (Part)
21/07/2014
Legal form
SICAV
Benchmark
ICE BofAML 1-15Yr Global Corp HEUR
Currency (fund)
EUR
Currency (share class)
EUR
Distribution Policy
Distribution
Valuation frequency
Daily
Minimum initial investment
1 Share
ISIN Code
LU1080015008
AuM (fund)
244 M (EUR)
Regulatory authority
CSSF
EU Regulation
UCITS
Management company
Edmond de Rothschild Asset Management (Luxembourg)
Delegated Management Company
Edmond de Rothschild (Suisse) S.A.
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
1.00 % 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