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EdR Intermediate Short Term Euro short term solutions

Euro short term solutions
Change in NAV (26/06/2017)
99.58 CHF
François  RAYNAUD–FR0013179058–
François RAYNAUD
Eliezer BENZIMRA–FR0013179058–
Eliezer BENZIMRA
The identity of the managers presented in this document may change during the life of the product.
Risk and reward profile (1)
1234567
99.58 CHF
Change in NAV (26/06/2017)
1
1234567
Risk and reward profile
Recommended holding period
Change in NAV (26/06/2017)
99.58 CHF
Risk and reward profile
1234567
Recommended holding period
François RAYNAUD  
Eliezer BENZIMRA  
The identity of the managers presented in this document may change during the life of the product.
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Investment objective

The UCITS aims to achieve a positive performance greater than the benchmark index, net of management fees, over the recommended investment period.

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Commentary 31/05/2017

Emmanuel Macron's victory in the French presidential elections in May served to reassure investors that there could well be an end to the wave of populism in the euro zone, opening the way for a calmer period in politics. This resulted in the compression of market premiums on high yields and financial subordinates by around 10-20 bps. What's more, the euro zone is continuing to benefit from an upturn in business confidence and encouraging growth figures. Despite everything, long bonds have proved surprisingly stable with the German 10-year bund unchanged in May after fluctuating within a range of about 15 bps. This was partly due to a number of modest setbacks on the inflation front, coupled with statements by ECB members maintaining that the euro zone still needed an ultra-accommodative monetary policy as much as before. Turning to special situations, the positive performances posted by Portugal and Greece were due in the former's case to an improving economic and financial outlook and, in the latter's, to the significant likelihood of a debt relief pact being agreed. In this environment, where short term interest rates have mostly remained stable, EdR Intermediate Short Term cashed in its profits on investments at significantly negative rates, to reinvest while raising the stake on the fund's variable-rate securities segment.

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Change in NAV

Chart – Base 100 (26/06/2017)
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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 G CHF H-CHF Cumulative Annualised

Since inception

-0.42 %

-0.24 %

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

Share class (G CHF H-CHF)

Benchmark

-0.42 %

-0.24 %

Annualised

Share class (G CHF H-CHF)

Benchmark

*Rolling periods

Annual performance



Fund information

Inception Date (Fund)
12/07/2016
Inception Date (Part)
26/07/2016
Legal form
Mutual Fund
Benchmark
BofA Merrill Lynch 0-1 Year Euro Broad Market
Currency (fund)
EUR
Currency (share class)
CHF
Distribution Policy
Accumulation
Valuation frequency
Daily
Minimum initial investment
10000.00 CHF
ISIN Code
FR0013179058
AuM (fund)
34 M (EUR)
Regulatory authority
AMF
EU Regulation
UCITS
Management company
Edmond de Rothschild Asset Management (France)
Incorporation
France
Maximum management fee
0,120 %
Current management fee
0.120 %
Subscription and redemption conditions
Daily before 12.30 am C.E.T. on day's net asset value
Subscription fee
1.00 % max

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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