Edmond de Rothschild

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EdR Prifund Property Securities Indirect real estate

Indirect real estate
Change in NAV (20/03/2019)
97.24 EUR
Roger  GUERRA–LU0242657905–
Roger GUERRA
Jérôme TROTIGNON–LU0242657905–
Jérôme TROTIGNON
The identity of the managers presented in this document may change during the life of the product.
Risk and reward profile (1)
1234567
97.24 EUR
Change in NAV (20/03/2019)
3
1234567
Risk and reward profile
Recommended holding period
Change in NAV (20/03/2019)
97.24 EUR
Risk and reward profile
1234567
Recommended holding period
Roger GUERRA  
Jérôme TROTIGNON  
The identity of the managers presented in this document may change during the life of the product.
Contact

Investment objective

The objective of the Sub-Fund is to obtain optimal long-term growth of the invested capital through a diversified portfolio composed of transferable securities from the real estate sector or related to the real estate sector worldwide and more particularly in Europe, Asia and North America.

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Commentary 31/01/2019

After December's debacle, global equities posted their largest rebound in January since October 2015 (+7.8%). The real estate (+10.5%), energy (+10.3%) and industrial (+9.4%) sectors contributed strongly to the markets' rise. But all sectors closed in positive territory. The US market for real estate equity was the month's best performer (+11.6%), helped by investors' renewed confidence that low interest rates would prevail for a long time, and in signs that REIT revenue growth would be close to that of the S&P. Industrial real estate (+15.4%), offices (+14.3%) and healthcare (+12.9%) outperformed, while retail (+11.1%) and residential premises (+10.3%), as well as self-storage (+6.4%) were towards the back of the pack. Europe (+10.3% in euros) benefited from the European Central Bank's conciliatory tone in response to a European economic climate that showed signs of deterioration. Hopes of a consensus on Brexit in Britain also helped, as did the GBP's appreciation against the USD. Retail trade was the most effective sector, while hotels and offices were less in demand. Asian real estate (+9.4% in USD) was boosted by its more interest rate-sensitive securities, with central banks showing a more conciliatory attitude, while economic forecasts seemed unfavourable. Accordingly, developers in Hong Kong in particular (+15.0%), outperformed Japanese REITs, which were more defensive in nature. Prifund Alpha Property Securities closed the month up, if lower against the benchmark — and this due primarily to the portfolio's more defensive compartment.

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Change in NAV

Chart – Base 100 (20/03/2019)
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 B-EUR Cumulative Annualised

4.58 %

9.95 %

4.10 %

5.11 %

3.65 %

3.05 %

Since inception

25.34 %

19.15 %

1.74 %

1.35 %

Since 01/01/2019 1 year* 3 years* 5 years* Since inception
Cumulative

Share class (B-EUR)

Market index

25.34 %

19.15 %

Annualised

Share class (B-EUR)

Market index

4.58 %

9.95 %

4.10 %

5.11 %

3.65 %

3.05 %

1.74 %

1.35 %

*Rolling periods

Annual performance



Statistics

VolatilityTracking ErrorCorrelation coefficientInformation ratioSharpe ratio
Share class B-EURMarket indexShare class B-EURMarket indexShare class B-EURMarket indexShare class B-EURMarket indexShare class B-EURMarket index
1 Year*17.51 %28.55 %11.28 %0.98 %-0.43 %0.32 %
3 Year *6.82 %12.22 %6.32 %0.92 %-0.12 %0.41 %
Max. drawdownAlphaBeta
Share class B-EURMarket indexShare class B-EURMarket indexShare class B-EURMarket index
1 Year*-6.74 %-0.11 %0.60 %
3 Year *-6.74 %0.11 %0.51 %
Max. monthly gain Since inception6.43 %
Max. monthly loss Since inception-10.68 %
Share class B-EUR
Market index
1 Year* 3 Year * 1 Year* 3 Year *
Volatility 17.51 % 6.82 % 28.55 % 12.22 %
Tracking Error 11.28 % 6.32 %
Sharpe ratio 0.32 % 0.41 %
Alpha -0.11 % 0.11 %
Correlation coefficient 0.98 % 0.92 %
Information ratio -0.43 % -0.12 %
Max. monthly loss -10.68 %
Max. monthly gain 6.43 %
Max. drawdown -6.74 % -6.74 %
Beta 0.60 % 0.51 %

Fund information

Inception Date (Fund)
22/02/2006
Inception Date (Part)
22/02/2006
Legal form
SICAV
Market index
FTSE EPRA/NAREIT Developed Index
Currency (fund)
EUR
Currency (share class)
EUR
Distribution Policy
Distribution
Valuation frequency
Weekly
ISIN Code
LU0242657905
AuM (fund)
71 M (EUR)
Regulatory authority
CSSF
EU Regulation
AIFM
Management company
Edmond de Rothschild Asset Management (Luxembourg)
Delegated Management Company
Edmond de Rothschild (Suisse) S.A.
Incorporation
Luxembourg
Maximum management fee
1,250 %
Current management fee
1.250 %
Subscription fee
5.00 % max
Redemption fee
3.00 % max
Performance fee
5,000 %

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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