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 Premium Brands Thematic equities

Thematic equities
Change in NAV (19/02/2018)
181.96 EUR
Adeline  SALAT-BAROUX–LU1082942308–
Adeline SALAT-BAROUX
Nan ZHANG–LU1082942308–
Nan ZHANG
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
181.96 EUR
Change in NAV (19/02/2018)
6
1234567
Risk and reward profile
> 5 years
Recommended holding period
Change in NAV (19/02/2018)
181.96 EUR
Risk and reward profile
1234567
Recommended holding period
> 5 years
Adeline SALAT-BAROUX  
Nan ZHANG  
The identity of the managers presented in this document may change during the life of the product.
Contact

Investment objective

The Sub-Fund's investment objective is to outperform the MSCI AC World index through exposure to the international equity markets and through the careful selection of stocks notably in the luxury goods sector or stocks with a strong international brand image.

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Commentary 31/01/2018

It is ticking along nicely and it is timeless. Swatch group's strategy to invest in innovation, mechanical movements and new materials is paying off as main differentiator to smart watches categorized as consumer electronics. The company gained strongly market share, with watches and jewelry division up 10% in second half of 2017, outperforming Swiss watch exports data (+5%) across all price segments. As market leader in China, the group should benefit from its diversified portfolio to meet growing middle class demand and continue its overall margin recovery with better sales perspective. Meanwhile, LVMH reported record full year sales (+12% organic), steady as she goes, whereas Ferragamo is still undergoing painful strategic choices, transforming the brand into a more dynamic forward looking one, for which we expect a turning point in the coming quarters. Premiumisation is present in all categories of products, as consumers are looking for a taste of the good life. Vision correction is one of those demands. Eyewear industry is expected to grow 5% CAGR over the next five years according to Euromonitor. Luxottica, as undisputedly industry captain, released a solid fourth quarter results, the strongest one over the past two years, up 4.3%, and started to bear fruits from the restructuring initiatives. The same favorable trend applies to the global toy market, expected to grow by $20 billion over the next four years driven by emerging markets. We introduced thus Mattel, owner of Barbie, Fisher Price and Hot Wheels, due to its attractive valuation. We believe the new management is taking right measures to turnaround the business. Starbucks has been added also to the portfolio given its unique position, further strengthened by the rollout of super premium Starbucks Roastery.

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Change in NAV

Chart – Base 100 (19/02/2018)
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 A-EUR Cumulative Annualised
Since 01/01/2018

-0.89 %

-1.24 %

-0.89 %

-1.24 %

1 Year

13.92 %

2.77 %

13.84 %

2.75 %

3 Year

3.37 %

18.54 %

1.11 %

5.83 %

5 year

35.08 %

73.75 %

6.19 %

11.68 %

Since inception

81.95 %

67.85 %

6.00 %

5.17 %

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

Share class (A-EUR)

Benchmark

-0.89 %

-1.24 %

13.92 %

2.77 %

3.37 %

18.54 %

35.08 %

73.75 %

81.95 %

67.85 %

Annualised

Share class (A-EUR)

Benchmark

13.84 %

2.75 %

1.11 %

5.83 %

6.19 %

11.68 %

6.00 %

5.17 %

*Rolling periods

Annual performance



Statistics

VolatilityTracking ErrorCorrelation coefficientInformation ratioSharpe ratio
Share class A-EURBenchmarkShare class A-EURBenchmarkShare class A-EURBenchmarkShare class A-EURBenchmarkShare class A-EURBenchmark
1 Year*7.41 %7.75 %5.59 %0.73 %1.37 %1.29 %
3 Year *12.78 %11.41 %8.05 %0.78 %-0.68 %0.75 %
Max. drawdownAlphaBeta
Share class A-EURBenchmarkShare class A-EURBenchmarkShare class A-EURBenchmark
1 Year*-6.30 %0.18 %0.70 %
3 Year *-31.95 %-0.33 %0.87 %
Max. monthly gain Since inception28.80 %
Max. monthly loss Since inception-27.76 %
Share class A-EUR
Benchmark
1 Year* 3 Year * 1 Year* 3 Year *
Volatility 7.41 % 12.78 % 7.75 % 11.41 %
Tracking Error 5.59 % 8.05 %
Sharpe ratio 1.29 % 0.75 %
Alpha 0.18 % -0.33 %
Correlation coefficient 0.73 % 0.78 %
Information ratio 1.37 % -0.68 %
Max. monthly loss -27.76 %
Max. monthly gain 28.80 %
Max. drawdown -6.30 % -31.95 %
Beta 0.70 % 0.87 %

Fund information

Inception Date (Fund)
13/11/2007
Inception Date (Part)
13/11/2007
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
LU1082942308
AuM (fund)
55 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
1,700 %
Current management fee
1.700 %
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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