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EDR Fund UK Synergy Europe equities

Europe equities
Change in NAV (21/06/2017)
119.85 GBP
Olivier  HUET–LU1380774627–
Olivier HUET
Philippe LECOQ–LU1380774627–
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
119.85 GBP
Change in NAV (21/06/2017)
6
1234567
Risk and reward profile
5 years
Recommended holding period
Change in NAV (21/06/2017)
119.85 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 31/05/2017

Confirmation of a positive macroeconomic climate (with a very strong Eurozone Composite PMI and German IFO) has boosted investor confidence. Markets progressed and then consolidated following Emmanuel Macron's election as President of France, but then contracted on rumours of Donald Trump's dismissal, and suspicions of corruption surrounding the president of Brazil. Despite these multiple pressures, European markets closed up in May. Corporate reporting remained a strong influence throughout the month. Quarterly earnings reports were highly positive overall in Europe, posting one of their strongest growth runs in the last seven years. Q1 earnings were climbed +23% in Europe, helped by top-line sales growth exceeding 10%. Variations between sectors continued to be significant, with further strong growth in the consumer, agribusiness, utilities and telecom sectors, while mining stocks, chemicals and energy continued to suffer due to falling commodities and oil prices. M&A transactions continued throughout the month. The Swiss chemical group Clariant announced a $13bn stock merger-of-equals with Huntsman, to build in size and market share. An epilogue to the Zodiac/Safran saga seems close as the offer has been approved by Zodiac's family shareholders and the boards of both companies. Pressure has gone up a notch at PPG with a June 1 deadline to file a fourth bid for Akzo (before the six-month legal cooling-off period kicks in). Meanwhile, Accor announced its Board of Directors' green light for the planned spin-off of its HotelInvest subsidiary from the rest of the group, to facilitate a sale later. We sold Adidas, with our target price having been reached and the sale of its golf brands division marking the final stage of the group's repositioning.

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Change in NAV

Chart – Base 100 (21/06/2017)
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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 N-GBP Cumulative Annualised
Since 01/01/2017

6.74 %

7.28 %

6.74 %

7.28 %

1 Year

20.83 %

23.57 %

20.83 %

23.57 %

Since inception

19.85 %

26.04 %

16.17 %

21.11 %

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

Share class (N-GBP)

Benchmark

6.74 %

7.28 %

20.83 %

23.57 %

19.85 %

26.04 %

Annualised

Share class (N-GBP)

Benchmark

20.83 %

23.57 %

16.17 %

21.11 %

*Rolling periods

Annual performance



Statistics

VolatilityTracking ErrorCorrelation coefficientInformation ratioSharpe ratio
Share class N-GBPBenchmarkShare class N-GBPBenchmarkShare class N-GBPBenchmarkShare class N-GBPBenchmarkShare class N-GBPBenchmark
1 Year*11.30 %11.16 %4.49 %0.92 %-0.49 %2.23 %
3 Year *
Max. drawdownBeta
Share class N-GBPBenchmarkShare class N-GBPBenchmark
1 Year*-8.40 %0.93 %
3 Year *
Max. monthly gain Since inception
Max. monthly loss Since inception
Share class N-GBP
Benchmark
1 Year* 3 Year * 1 Year* 3 Year *
Volatility 11.30 % 11.16 %
Tracking Error 4.49 %
Sharpe ratio 2.23 %
Correlation coefficient 0.92 %
Information ratio -0.49 %
Max. drawdown -8.40 %
Beta 0.93 %

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
5000000.00 GBP EQ EUR
ISIN Code
LU1380774627
AuM (fund)
6 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

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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