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EdR Patrimoine Moderate Strategies

Moderate Strategies
Change in NAV (17/08/2017)
115.27 EUR
François  de CUREL–FR0011075365–
François de CUREL
Benjamin MELMAN–FR0011075365–
Benjamin MELMAN
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
2 years
115.27 EUR
Change in NAV (17/08/2017)
4
1234567
Risk and reward profile
2 years
Recommended holding period
Change in NAV (17/08/2017)
115.27 EUR
Risk and reward profile
1234567
Recommended holding period
2 years
François de CUREL  
Benjamin MELMAN  
The identity of the managers presented in this document may change during the life of the product.
Contact

Investment objective

The UCITS' objective is to maximise performance over the recommended investment period of two years through active discretionary management of asset allocation, via investments in UCIs and investment funds or via direct investments in securities: equities, interest rates, convertible bonds and currencies.

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Commentary 31/07/2017

July saw currency fluctuations, particularly on the euro, which broke through the 1.15 €/$ ceiling, a limit rarely exceeded since the euro fell sharply in 2014. The ECB meeting on July 20 did not reverse this trend, even though Mario Draghi was more accommodating than in his last speech, in Sintra, at June's end. The improved economic outlook in the euro zone, confirmed by the purchasing manager indices (PMI), which are still at historically high levels, and reduced anticipations of a rate hike by the US Federal Reserve, are behind this trend. The euro's 3.6% gain on the US dollar had an impact on European equities, wiping out the gains made at the beginning of the month, with stocks ending down -0.3% (DJStoxx 600 in EUR). On the other hand, US equities benefited from dollar's weakening to gain 2% (S&P 500). The reporting season has begun with results coming out from mid-July. It has been rather good so far, but not exceptional, with an expected gain of 7% over the year on both sides of the Atlantic, but with an encouraging proportion of positive surprises in corporate sales. Given this environment, we have maintained high equity exposure, particularly in the euro zone. Our tactical management of the bond compartment and the investments in financial issues and high yields have proved positive.

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Change in NAV

Chart – Base 100 (17/08/2017)
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 D-EUR Cumulative Annualised
Since 01/01/2017

1.43 %

1.43 %

1 Year

3.65 %

3.65 %

3 Year

9.66 %

3.11 %

5 year

18.06 %

3.37 %

Since inception

15.27 %

2.36 %

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

Share class (D-EUR)

Benchmark

1.43 %

3.65 %

9.66 %

18.06 %

15.27 %

Annualised

Share class (D-EUR)

Benchmark

3.65 %

3.11 %

3.37 %

2.36 %

*Rolling periods

Annual performance



Statistics

VolatilityMax. drawdown
Share class D-EURBenchmarkShare class D-EURBenchmark
1 Year*3.70 %-2.20 %
3 Year *5.74 %-12.24 %
Max. monthly gain Since inception5.55 %
Max. monthly loss Since inception-7.51 %
Share class D-EUR
Benchmark
1 Year* 3 Year * 1 Year* 3 Year *
Volatility 3.70 % 5.74 %
Tracking Error
Max. monthly loss -7.51 %
Max. monthly gain 5.55 %
Max. drawdown -2.20 % -12.24 %

Fund information

Inception Date (Fund)
26/05/2003
Inception Date (Part)
15/07/2011
Legal form
Mutual Fund
Currency (fund)
EUR
Currency (share class)
EUR
Distribution Policy
Distribution
Valuation frequency
Daily
Minimum initial investment
1 Share
ISIN Code
FR0011075365
AuM (fund)
143 M (EUR)
Regulatory authority
AMF
Management company
Edmond de Rothschild Asset Management (France)
Incorporation
France
Maximum management fee
1,400 %
Current management fee
1.400 %
Subscription and redemption conditions
Daily before 12.30 am C.E.T. on day's net asset value
Subscription fee
2.00 % max
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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