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 Prifund Alpha Property Securities Indirect real estate

Indirect real estate
Change in NAV (31/10/2018)
125.68 USD
Roger  GUERRA–LU0242658895–
Roger GUERRA
Jérôme TROTIGNON–LU0242658895–
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
125.68 USD
Change in NAV (31/10/2018)
3
1234567
Risk and reward profile
Recommended holding period
Change in NAV (31/10/2018)
125.68 USD
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 30/09/2018

Real estate stocks underperformed global equities last month (-2.1%), penalised chiefly by the United States (-2.6%) and Europe (-3.1% in EUR), while Asia was more resistant, closing just in the red (-0.1% in local currency). The 20 bps rise in US 10-year note yields had an impact on real estate equities, as did the dollar's decline, favouring riskier assets at the expense of more defensive stocks, such as REITs. Accordingly, Asia outperformed the other regions, helped mainly by growth-led stocks such as Japanese developers (+2.9%) given the positive effect of Prime Minister Shinzo Abe's re-election victory. Asian REITs generally underperformed as bond yields rose, putting pressure on more rate-sensitive REITs such as those in Australia and Hong Kong. In the United States, the hike in 10-year yields was the main factor behind REIT underperformance. As a result, sectors less sensitive to rate hikes, such as apartments, hotels and industrial real estate, performed best. In contrast, health, self-storage and data centres underperformed. In Europe, Britain outperformed the Continent, helped by more reassuring news on Brexit, among other factors. Retail properties experienced some relief after several months in decline in the United Kingdom, but were the worst performers on the Continent given news of relatively mixed results from a number of high quality portfolios. German commercial real estate, after several months on the climb, closed the month lower, while the Scandinavian countries were the top performers. Prifund Alpha Property Securities closed the month above the index, playing a defensive role, helped by Asia managers and a neutral European alternative market fund. No significant movements were made within the portfolio during the month. Note that from January 1, the fund will switch to a daily basis.

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Change in NAV

Chart – Base 100 (31/10/2018)
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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 A-USD Cumulative Annualised

0.38 %

-2.56 %

2.92 %

0.06 %

4.02 %

1.16 %

Since inception

25.68 %

-8.39 %

1.92 %

-0.73 %

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

Share class (A-USD)

Market index

25.68 %

-8.39 %

Annualised

Share class (A-USD)

Market index

0.38 %

-2.56 %

2.92 %

0.06 %

4.02 %

1.16 %

1.92 %

-0.73 %

*Rolling periods

Annual performance



Statistics

VolatilityTracking ErrorCorrelation coefficientInformation ratioSharpe ratio
Share class A-USDMarket indexShare class A-USDMarket indexShare class A-USDMarket indexShare class A-USDMarket indexShare class A-USDMarket index
1 Year*11.34 %19.37 %9.02 %0.98 %0.33 %-0.22 %
3 Year *5.59 %10.23 %5.76 %0.89 %0.50 %-0.09 %
Max. drawdownAlphaBeta
Share class A-USDMarket indexShare class A-USDMarket indexShare class A-USDMarket index
1 Year*-3.83 %0.14 %0.57 %
3 Year *-5.29 %0.23 %0.49 %
Max. monthly gain Since inception3.88 %
Max. monthly loss Since inception-8.71 %
Share class A-USD
Market index
1 Year* 3 Year * 1 Year* 3 Year *
Volatility 11.34 % 5.59 % 19.37 % 10.23 %
Tracking Error 9.02 % 5.76 %
Sharpe ratio -0.22 % -0.09 %
Alpha 0.14 % 0.23 %
Correlation coefficient 0.98 % 0.89 %
Information ratio 0.33 % 0.50 %
Max. monthly loss -8.71 %
Max. monthly gain 3.88 %
Max. drawdown -3.83 % -5.29 %
Beta 0.57 % 0.49 %

Fund information

Inception Date (Fund)
22/02/2006
Inception Date (Part)
26/10/2006
Legal form
SICAV
Market index
FTSE EPRA/NAREIT Developed Index
Currency (fund)
EUR
Currency (share class)
USD
Distribution Policy
Accumulation
Valuation frequency
Official Monthly / Technical Wednesday
ISIN Code
LU0242658895
AuM (fund)
72 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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