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 Return Plus Diversified bonds

Diversified bonds
Change in NAV (19/06/2018)
99.42 USD
Edmond  de Rothschild Asset Management (Suisse) S.A.–LU1102923338–
Edmond de Rothschild Asset Management (Suisse) S.A.
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
> 3 years
99.42 USD
Change in NAV (19/06/2018)
2
1234567
Risk and reward profile
> 3 years
Recommended holding period
Change in NAV (19/06/2018)
99.42 USD
Risk and reward profile
1234567
Recommended holding period
> 3 years
Edmond de Rothschild Asset Management (Suisse) S.A.  
 
The identity of the managers presented in this document may change during the life of the product.
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Investment objective

The Sub-Fund follows a clearly defined strategy for the placement of assets based on controlling the portfolio's risk from annual volatility. Purchase and sale decisions are based upon quantitative systems over the medium term. The investment of assets is adjusted to the prevailing market conditions and has the objective of not exceeding a mean annual volatility of 2%. This objective does not constitute a guarantee of any sort that the mean annual volatility will never exceed 2%.

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Commentary 31/05/2018

Extending the risk-on/risk-off phase seen since mid-February, equity markets maintained the trend and closed the month with dispersed results (with Europe in negative territory and the United States slightly positive). Despite the US withdrawal from the Iran nuclear deal, at the beginning of the month the positive effect of the hike in Brent crude prices on US inflation and cyclical sectors enabled the equity indices to rise modestly. Given this, the QuAM strategy took advantage of this uptrend to invest in convertible bonds. However, in the second part of May, a disappointing series of economic numbers on Europe (including retail sales and the PMI), as well as Italy having its main anti-establishment parties sworn in to government, impacted most equity indices. The coalition formed between two parties (the Northern League and the Five Star Movement) tried to name the Eurosceptic Paolo Savona as Minister of Finance, triggering a risk-off phase on the market. In the United States, pressure for a rate hike was eased by the agreement reached between China and the United States on reducing the trade deficit between their two countries. Given the widening spreads (with the differential between the 10-year Italian bond and the German bund at 2.9% — the highest level reached since 2013), the methodology delivered some of its profits before raising exposure to monetary assets, at the expense of sovereign bonds (liquidating government and short term bonds).

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Change in NAV

Chart – Base 100 (19/06/2018)
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 B-USD Cumulative Annualised
Since 01/01/2018

-1.14 %

-1.14 %

1 Year

-0.84 %

-0.84 %

3 Year

1.15 %

0.38 %

Since inception

-0.33 %

-0.10 %

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

Share class (B-USD)

Benchmark

-1.14 %

-0.84 %

1.15 %

-0.33 %

Annualised

Share class (B-USD)

Benchmark

-0.84 %

0.38 %

-0.10 %

*Rolling periods

Annual performance



Statistics

VolatilityMax. drawdown
Share class B-USDBenchmarkShare class B-USDBenchmark
1 Year*1.54 %-2.01 %
3 Year *1.48 %-2.17 %
Max. monthly gain Since inception0.98 %
Max. monthly loss Since inception-1.19 %
Share class B-USD
Benchmark
1 Year* 3 Year * 1 Year* 3 Year *
Volatility 1.54 % 1.48 %
Tracking Error
Max. monthly loss -1.19 %
Max. monthly gain 0.98 %
Max. drawdown -2.01 % -2.17 %

Fund information

Inception Date (Fund)
22/01/2015
Inception Date (Part)
09/02/2015
Legal form
SICAV
Currency (fund)
EUR
Currency (share class)
USD
Distribution Policy
Distribution
Valuation frequency
Daily
ISIN Code
LU1102923338
AuM (fund)
21 M (EUR)
Regulatory authority
CSSF
EU Regulation
UCITS
Management company
Edmond de Rothschild Asset Management (Luxembourg)
Delegated Management Company
Edmond de Rothschild Asset Management (Suisse) S.A
Incorporation
Luxembourg
Maximum management fee
0,400 %
Current management fee
0.400 %
Subscription and redemption conditions
Every day before 4.00 pm at the day’s NAV, calculated one day later
Subscription fee
1.00 % max
Redemption fee
0.50 % 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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