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EdR Fund Selective Europe Europe equities

Europe equities
Change in NAV (26/05/2017)
176.96 EUR
Olivier  HUET–LU1082945822–
Olivier HUET
Philippe LECOQ–LU1082945822–
Philippe LECOQ
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
176.96 EUR
Change in NAV (26/05/2017)
6
1234567
Risk and reward profile
> 5 years
Recommended holding period
Change in NAV (26/05/2017)
176.96 EUR
Risk and reward profile
1234567
Recommended holding period
> 5 years
Olivier HUET  
Philippe LECOQ  
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 create performance via exposure to equity markets, primarily from the European Community, through selecting stocks chosen on a discretionary basis from an investment scope comparable to the MSCI Europe Index expressed in euros.

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Commentary 28/04/2017

Following a hesitant start to the month, against a backdrop of political tensions and weakening conviction as to Donald Trump's economic policy, the trend has flipped to close on a rebound at the month end. European markets have been reassured by the ECB's still very accommodating tone, and were galvanised by the results of the first round in the French presidential elections. Policy remained in the footlights in April, but it seems that markets are now starting to focus on corporate earnings, which are turning out to be rather good for the quarter. The figures reflect a positive shift in organic growth, in which all sectors have been implicated. The momentum is particularly positive for discretionary consumption, especially the luxury goods, automobile as well as travel and leisure industries, which posted the best performances this month. Industrial stocks and technology are also publishing reassuring reports. The signs for emerging countries and Europe look pretty encouraging for the rest of the year. In contrast, the oil and commodities sectors have been penalised by tumbling oil prices, particularly after production re-started at a number of oilfields in Libya. On the M&A front, the findings of Unilever's strategic review (reacting to Kraft's rejection of its offer) have led to significant asset disposals and stock buy-back prospects. After refusing the first two offers, Akzo has accepted a third bid from PPG this month, for a mixture of cash and securities, without yet having reached a final settlement. The acquisition of Dior's minority interests by the Arnault family has been announced, as well as the brand's attribution to LVMH with a view to simplifying corporate structures and generating synergies.

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Change in NAV

Chart – Base 100 (26/05/2017)
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

Performance K-EUR Cumulative Annualised
Since 01/01/2017 10.29 % 10.29 %
1 Year 17.87 % 17.87 %
3 Year 12.73 % 4.07 %
5 year 49.84 % 8.41 %
Since inception 76.95 % 8.12 %
Since 01/01/2017 1 Year 3 Year 5 year Since inception
Cumulative

10.29 %

17.87 %

12.73 %

49.84 %

76.95 %

Annualised

17.87 %

4.07 %

8.41 %

8.12 %



Statistics

VolatilityTracking ErrorCorrelation coefficientInformation ratioSharpe ratio
1 Year3 Year 1 Year3 Year 1 Year3 Year 1 Year3 Year 1 Year3 Year
Share class K-EUR11.97 %14.42 %2.87 %3.29 %0.97 %0.98 %0.40 %-0.90 %1.38 %0.56 %
Benchmark12.39 %13.00 %
Max. monthly lossMax. monthly gainMax. drawdownAlphaBeta
Since inceptionSince inception1 Year3 Year 1 Year3 Year 1 Year3 Year
Share class K-EUR-17.73 %13.15 %-9.22 %-28.44 %0.04 %-0.27 %0.94 %1.08 %
Benchmark
Share class K-EUR
Benchmark
1 Year 3 Year 1 Year 3 Year
Volatility 11.97 % 14.42 % 12.39 % 13.00 %
Tracking Error 2.87 % 3.29 %
Sharpe ratio 1.38 % 0.56 %
Alpha 0.04 % -0.27 %
Correlation coefficient 0.97 % 0.98 %
Information ratio 0.40 % -0.90 %
Max. monthly loss -17.73 %
Max. monthly gain 13.15 %
Max. drawdown -9.22 % -28.44 %
Beta 0.94 % 1.08 %

Fund information

Inception Date (Fund)
19/11/2008
Inception Date (Part)
04/02/2010
Legal form
SICAV
Benchmark
MSCI Europe (NR)
Currency (fund)
EUR
Currency (share class)
EUR
Distribution Policy
Accumulation
Valuation frequency
Daily
Minimum initial investment
500000.00 EUR
ISIN Code
LU1082945822
AuM (fund)
41 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

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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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