Edmond de Rothschild

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Edmond de Rothschild Precious Metals Fund - EdR (Edmond de Rothschild) physical gold & overlay Gold & Precious Metals

Gold & Precious Metals
Change in NAV (17/01/2018)
996.52 EUR
Benjamin  DUBOIS–CH0246173675–
Benjamin DUBOIS
Alban GOULLETQUER–CH0246173675–
Alban GOULLETQUER
The identity of the managers presented in this document may change during the life of the product.
Risk and reward profile (1)
1234567
996.52 EUR
Change in NAV (17/01/2018)
6
1234567
Risk and reward profile
Recommended holding period
Change in NAV (17/01/2018)
996.52 EUR
Risk and reward profile
1234567
Recommended holding period
Benjamin DUBOIS  
Alban GOULLETQUER  
The identity of the managers presented in this document may change during the life of the product.
Contact

Investment objective

The Fund's objective is to achieve a long term performance comparable to or above the returns of physical gold while reducing the price volatility of gold through a dynamic hedging programme that allows the fund to profit from price appreciation and limits the impact of drawdowns.

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Commentary 29/12/2017

The price of gold moved in a clear V-shape, falling to its lowest level since the summer in the first 10 days of December then recovering to eventually report a gain of roughly 2% against the US dollar. The main drivers for gold's early weakness were rising US Treasury yields, the avoidance of a government shutdown and positive developments over tax reform. Furthermore, US non-farm payroll data rose 228'000 in November, surpassing analysts' estimates of 198'000. Though the Fed's quarter point rise in rates was expected, markets were less satisfied with the dovish tone accompanying the rate hike. Indeed, interest rate projections for 2018 and 2019 were held steady rather than revised higher amid inflation concerns. Gold continued to climb in a low liquidity environment as the year came to an end and as US economic growth data proved disheartening. The overlay programme reacted appropriately to the changing price regime, implementing a significant hedging position early in the month and cutting progressively its open positions as gains gathered momentum. In this configuration, the overlay performance was neutral.

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Change in NAV

Chart – Base 100 (17/01/2018)
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 O-EUR Cumulative Annualised
Since 01/01/2018

1.98 %

2.46 %

1.98 %

2.46 %

1 Year

6.12 %

7.02 %

6.12 %

7.02 %

3 Year

-4.60 %

-3.69 %

-1.55 %

-1.24 %

Since inception

-0.35 %

1.01 %

-0.12 %

0.33 %

Since 01/01/2018 1 Year 3 Year 5 year Since inception
Cumulative

Share class (O-EUR)

Market index

1.98 %

2.46 %

6.12 %

7.02 %

-4.60 %

-3.69 %

-0.35 %

1.01 %

Annualised

Share class (O-EUR)

Market index

6.12 %

7.02 %

-1.55 %

-1.24 %

-0.12 %

0.33 %

*Rolling periods

Annual performance



Statistics

VolatilityTracking ErrorCorrelation coefficientInformation ratioSharpe ratio
Share class O-EURMarket indexShare class O-EURMarket indexShare class O-EURMarket indexShare class O-EURMarket indexShare class O-EURMarket index
1 Year*8.34 %10.91 %3.40 %0.97 %-0.17 %0.90 %
3 Year *
Max. drawdownAlphaBeta
Share class O-EURMarket indexShare class O-EURMarket indexShare class O-EURMarket index
1 Year*-5.77 %0.03 %0.74 %
3 Year *
Max. monthly gain Since inception12.12 %
Max. monthly loss Since inception-6.15 %
Share class O-EUR
Market index
1 Year* 3 Year * 1 Year* 3 Year *
Volatility 8.34 % 10.91 %
Tracking Error 3.40 %
Sharpe ratio 0.90 %
Alpha 0.03 %
Correlation coefficient 0.97 %
Information ratio -0.17 %
Max. monthly loss -6.15 %
Max. monthly gain 12.12 %
Max. drawdown -5.77 %
Beta 0.74 %

Fund information

Inception Date (Fund)
28/10/2014
Inception Date (Part)
09/01/2015
Legal form
FPC
Market index
EdR physical gold R (EUR)
Currency (fund)
USD
Currency (share class)
EUR
Distribution Policy
Accumulation
Valuation frequency
Daily
Minimum initial investment
10000.00 EUR EQ USD
ISIN Code
CH0246173675
AuM (fund)
9 M (USD)
Regulatory authority
FINMA
Management company
CACEIS (Switzerland) S.A.
Delegated Management Company
Edmond de Rothschild Asset Management (Suisse) S.A
Incorporation
Switzerland
Maximum management fee
0,260 %
Current management fee
0.260 %
Subscription fee
5.00 % max
Redemption fee
0.50 % max
Performance fee
20,000 %

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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