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

Gold & Precious Metals
Change in NAV (18/08/2017)
1,025.56 GBP
Benjamin  DUBOIS–CH0246143488–
Benjamin DUBOIS
Alban GOULLETQUER–CH0246143488–
Alban GOULLETQUER
The identity of the managers presented in this document may change during the life of the product.
Risk and reward profile (1)
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1,025.56 GBP
Change in NAV (18/08/2017)
6
1234567
Risk and reward profile
Recommended holding period
Change in NAV (18/08/2017)
1,025.56 GBP
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 the returns of physical gold.

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Commentary 31/07/2017

Gold moved in a V-shape in July, initially under pressure from hawkish central bank statements then recovering strongly on the back of disappointing economic data and political uncertainty. The prospect of rising global interest rates following remarks by ECB president Mario Draghi and other central banks such as the Bank of England and the Bank of Canada had investors flee from interest-free gold investments. With the euro zone economy firmly on the path to recovery, investors believed that an end to the ECB's non-conventional policy measures were in the pipeline. Gold stabilized temporarily when US ADP employment data fell well short of expectations – raising doubts as to further tightening by the Fed. Yet, strong NFP data reignited gold's descent. By mid-month, gold prices had reversed. A flood of disappointing economic data from the US and dovish remarks by Fed members, including Chair Janet Yellen's testimony, fuelled a strong recovery in gold. Gold was further supported by developments in the Trump-Russia saga. In this latest episode, Trump's eldest son and son-in-law met with a Russian lawyer after being promised damaging information on Hilary Clinton before last year's U.S. election. As month-end approached, gold gave back a little as the prospect of higher global rates returned – notably with the Australian central bank considering a rate hike earlier-than-expected, and Mario Draghi announcing that they will begin to discuss tapering in the months to come.

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Change in NAV

Chart – Base 100 (18/08/2017)
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 R-GBP Cumulative Annualised
Since 01/01/2017

10.36 %

11.17 %

10.36 %

11.17 %

1 Year

-5.99 %

-5.37 %

-5.99 %

-5.37 %

Since inception

2.56 %

4.41 %

0.97 %

1.67 %

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

Share class (R-GBP)

Market index

10.36 %

11.17 %

-5.99 %

-5.37 %

2.56 %

4.41 %

Annualised

Share class (R-GBP)

Market index

-5.99 %

-5.37 %

0.97 %

1.67 %

*Rolling periods

Annual performance



Statistics

VolatilityTracking ErrorCorrelation coefficientInformation ratioSharpe ratio
Share class R-GBPMarket indexShare class R-GBPMarket indexShare class R-GBPMarket indexShare class R-GBPMarket indexShare class R-GBPMarket index
1 Year*12.74 %12.98 %3.92 %0.95 %-0.31 %-0.50 %
3 Year *
Max. drawdownAlphaBeta
Share class R-GBPMarket indexShare class R-GBPMarket indexShare class R-GBPMarket index
1 Year*-17.55 %-0.03 %0.94 %
3 Year *
Max. monthly gain Since inception12.40 %
Max. monthly loss Since inception-7.77 %
Share class R-GBP
Market index
1 Year* 3 Year * 1 Year* 3 Year *
Volatility 12.74 % 12.98 %
Tracking Error 3.92 %
Sharpe ratio -0.50 %
Alpha -0.03 %
Correlation coefficient 0.95 %
Information ratio -0.31 %
Max. monthly loss -7.77 %
Max. monthly gain 12.40 %
Max. drawdown -17.55 %
Beta 0.94 %

Fund information

Inception Date (Fund)
28/10/2014
Inception Date (Part)
09/01/2015
Legal form
FPC
Market index
ZKB Gold ETF AAH
Currency (fund)
USD
Currency (share class)
GBP
Distribution Policy
Accumulation
Valuation frequency
Daily
Minimum initial investment
10000.00 GBP EQ USD
ISIN Code
CH0246143488
AuM (fund)
65 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
0,350 %
Current management fee
0.350 %
Subscription fee
5.00 % max
Redemption fee
0.50 % 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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