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EDR Fund UK Synergy Europe equities

Europe equities
Change in NAV (20/09/2017)
116.50 GBP
Olivier  HUET–LU1380774544–
Olivier HUET
Philippe LECOQ–LU1380774544–
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
116.50 GBP
Change in NAV (20/09/2017)
5
1234567
Risk and reward profile
5 years
Recommended holding period
Change in NAV (20/09/2017)
116.50 GBP
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 objective is to seek performance through exposure to UK equity markets, by selecting securities on a discretionary basis in an investment scope comparable to the FTSE All Share Index, net dividend reinvested.

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Commentary 31/08/2017

European equity markets posted a somewhat roller-coaster performance over the month to close slightly down. They were impacted by the euro's rise, an increasingly complicated US political environment, as well as growing geopolitical fears rekindled by North Korea firing off a missile. Meanwhile, business indicators remained at high levels, with the manufacturing PMI at 57.4. Apart from Italy, where Silvio Berlusconi's comments disrupted the market, European interest rates fell sharply during the month, contributing to the underperformance of the financial sectors and outperformance of so-called bond proxies. The utilities sector (+3.9%) posted the best performance, driven by strong earnings and rising energy prices. The raw materials sector (+3%) benefited from the rebound in commodities. Meanwhile, the media sector (-5.6%) suffered from a poorer outlook in the TV and advertising segment, in particular with a reduction in spending by Home and Personal Care (HPC) players, while the distribution sector came under strong pressure in the wake of profit warnings regarding Carrefour and Dixons, and price cuts announced in the United States. In terms of M&A, there were rumours of Chinese players in the market for Chrysler (FCA +24.4%), the acquisition of Worldpay by Vantiv, a buyout of Maersk Oil by Total (+1.5%) for $7.5 billion and CRH's sale of its US distribution subsidiary, leaving CRH -0.8%. During the month we strengthened our position on Salvatore Ferragamo, while reducing Métro Wholesale & Food and Wartsila Corporation.

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Change in NAV

Chart – Base 100 (20/09/2017)
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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 LP-GBP Cumulative Annualised
Since 01/01/2017

3.86 %

6.16 %

3.86 %

6.16 %

1 Year

5.06 %

11.20 %

5.06 %

11.20 %

Since inception

16.50 %

24.72 %

11.05 %

16.36 %

Since 01/01/2017 1 Year 3 Year 5 year Since inception
Cumulative

Share class (LP-GBP)

Benchmark

3.86 %

6.16 %

5.06 %

11.20 %

16.50 %

24.72 %

Annualised

Share class (LP-GBP)

Benchmark

5.06 %

11.20 %

11.05 %

16.36 %

*Rolling periods

Annual performance



Statistics

VolatilityTracking ErrorCorrelation coefficientInformation ratioSharpe ratio
Share class LP-GBPBenchmarkShare class LP-GBPBenchmarkShare class LP-GBPBenchmarkShare class LP-GBPBenchmarkShare class LP-GBPBenchmark
1 Year*9.54 %9.44 %4.17 %0.90 %-1.88 %1.30 %
3 Year *
Max. drawdownAlphaBeta
Share class LP-GBPBenchmarkShare class LP-GBPBenchmarkShare class LP-GBPBenchmark
1 Year*-8.41 %-0.12 %0.91 %
3 Year *
Max. monthly gain Since inception
Max. monthly loss Since inception
Share class LP-GBP
Benchmark
1 Year* 3 Year * 1 Year* 3 Year *
Volatility 9.54 % 9.44 %
Tracking Error 4.17 %
Sharpe ratio 1.30 %
Alpha -0.12 %
Correlation coefficient 0.90 %
Information ratio -1.88 %
Max. drawdown -8.41 %
Beta 0.91 %

Fund information

Inception Date (Fund)
06/04/2016
Inception Date (Part)
06/04/2016
Legal form
SICAV
Benchmark
FSTE All Shares Index (NR)
Currency (fund)
GBP
Currency (share class)
GBP
Distribution Policy
Accumulation
Valuation frequency
Daily
Minimum initial investment
1 Share
ISIN Code
LU1380774544
AuM (fund)
7 M (GBP)
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
0,550 %
Current management fee
0.550 %
Subscription and redemption conditions
Daily before 12.30 am C.E.T. on day's net asset value
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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