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 Japan Japan equities

Japan equities
Change in NAV (12/10/2018)
177.30 EUR
Takahiro  UEMURA (SMAM)–FR0010983940–
Takahiro UEMURA (SMAM)
Takashi SHIMODAIRA(ProductSpecialist)(SMAM)–FR0010983940–
Takashi SHIMODAIRA(ProductSpecialist)(SMAM)
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
177.30 EUR
Change in NAV (12/10/2018)
6
1234567
Risk and reward profile
> 5 years
Recommended holding period
Change in NAV (12/10/2018)
177.30 EUR
Risk and reward profile
1234567
Recommended holding period
> 5 years
Takahiro UEMURA (SMAM)  
Takashi SHIMODAIRA(ProductSpecialist)(SMAM)  
The identity of the managers presented in this document may change during the life of the product.
Contact

Investment objective

The UCITS' investment objective is to outperform the TOPIX Net Total Return Index over the recommended investment period of 5 years.

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Commentary 29/06/2018

In the beginning of the month, the Japan stock market started with positive gain and kept firm due to (a) a series of favorable announcement on economic statistics such as US employment data, (b) favorable news that the summit meeting between US and North Korea which had been thought vulnerable to be held was actually determined to be held, and (c) progress of weaker JPY against USD. However, in the middle of the month after the top meeting was held, the market was weighed due to a halt of USD appreciation as the market thought that the US FOMC's decision on a hike in interest rate had been already fully expected and priced-in.In the second half of the month, the US Trump administration moved to made an announcement on imposing sanction tariff on importing from China, and China responded to give retaliatory measures, the trade tension between the US and China were intensified. Under the circumstances of escalated trade dispute that may hurt global economy, the Japanese stock market tuned to decline along with global market as a result of investors risk-off activities. The stock market was also affected by the negative movement such that semiconductor sector (which had been firm so far) got selling pressure, as freezing in DRAM CAPEX investments in Asia as well as delay in NAND equipment loading plans were observed.For sector performance, top performing sectors in this month include (a) Consumer Electric Appliances (led by SONY which were enjoying upswing in game business as well as CASIO Computer which showed favorable watch sales), (b) Natural Resources & Fuel (in favor of growing expectation on improvement in margin due to crude oil price hike), (c) Electronic Components (in favor of growing expectation on improvement in margin as seen Murata Manufacturing's action of price raising under the tight supply situation). On the other hand, the bottom sectors include (a) Game (due to correction of Nintendo stock price and mounting profit-taking pressure), (b) Semiconductor & FPD (got heavy selling pressure on semiconductor names due to observed delay in DRAM investment plans), (c) Electronic

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Change in NAV

Chart – Base 100 (12/10/2018)
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 R-EUR Cumulative Annualised

-0.31 %

4.64 %

9.96 %

7.71 %

10.69 %

9.29 %

Since inception

80.49 %

70.18 %

7.89 %

7.08 %

Since 01/01/2018 1 year* 3 years* 5 years* Since inception
Cumulative

Share class (R-EUR)

Benchmark

80.49 %

70.18 %

Annualised

Share class (R-EUR)

Benchmark

-0.31 %

4.64 %

9.96 %

7.71 %

10.69 %

9.29 %

7.89 %

7.08 %

*Rolling periods

Annual performance



Statistics

VolatilityTracking ErrorCorrelation coefficientInformation ratioSharpe ratio
Share class R-EURBenchmarkShare class R-EURBenchmarkShare class R-EURBenchmarkShare class R-EURBenchmarkShare class R-EURBenchmark
1 Year*15.64 %12.90 %6.90 %0.90 %-0.69 %0.92 %
3 Year *10.82 %10.92 %8.09 %0.72 %0.21 %1.06 %
Max. drawdownAlphaBeta
Share class R-EURBenchmarkShare class R-EURBenchmarkShare class R-EURBenchmark
1 Year*-12.04 %-0.10 %1.09 %
3 Year *-19.51 %0.40 %0.71 %
Max. monthly gain Since inception10.61 %
Max. monthly loss Since inception-19.81 %
Share class R-EUR
Benchmark
1 Year* 3 Year * 1 Year* 3 Year *
Volatility 15.64 % 10.82 % 12.90 % 10.92 %
Tracking Error 6.90 % 8.09 %
Sharpe ratio 0.92 % 1.06 %
Alpha -0.10 % 0.40 %
Correlation coefficient 0.90 % 0.72 %
Information ratio -0.69 % 0.21 %
Max. monthly loss -19.81 %
Max. monthly gain 10.61 %
Max. drawdown -12.04 % -19.51 %
Beta 1.09 % 0.71 %

Fund information

Inception Date (Fund)
30/12/2010
Inception Date (Part)
04/01/2011
Legal form
Mutual Fund
Benchmark
TOPIX Net Total Return
Currency (fund)
JPY
Currency (share class)
EUR
Distribution Policy
Accumulation
Valuation frequency
Daily
Minimum initial investment
500000.00 EUR
ISIN Code
FR0010983940
AuM (fund)
25,476 M (JPY)
Regulatory authority
AMF
EU Regulation
UCITS
Management company
Edmond de Rothschild Asset Management (France)
Delegated Management Company
Sumitomo Mitsui Asset Management
Incorporation
France
Maximum management fee
1,350 %
Current management fee
1.350 %
Subscription and redemption conditions
Daily before 4.30 pm C.E.T.on next 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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