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EdR Prifund Alpha Property Securities Indirect real estate

Indirect real estate
Change in NAV (30/09/2017)
81.18 CHF
Roger  GUERRA–LU0242660362–
Roger GUERRA
Alexandre WIECZOREK–LU0242660362–
Alexandre WIECZOREK
The identity of the managers presented in this document may change during the life of the product.
Risk and reward profile (1)
1234567
81.18 CHF
Change in NAV (30/09/2017)
3
1234567
Risk and reward profile
Recommended holding period
Change in NAV (30/09/2017)
81.18 CHF
Risk and reward profile
1234567
Recommended holding period
Roger GUERRA  
Alexandre WIECZOREK  
The identity of the managers presented in this document may change during the life of the product.
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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 30/09/2017

The global equity index closed at a new record level in September, up +2.3%, marking its 11th monthly rise in a row, a first since 2004. Europe (+3.3%), the United States (+2.1%), and Asia (+1.1%) all closed in positive territory in US dollar terms. Real estate equities, tracked via the FTSE EPRA/NAREIT Developed Index, dipped during the month (-0.2%), penalised by Europe (-0.5% in USD) and Asia (-1.5% in USD), while the United States finished slightly upward (+0.2%). The United Kingdom performed especially well (+2.7% in GBP), helped in particular by the pound's appreciation against the US dollar. Although the retail sector has continued to suffer from its ‘Amazonisation', it nevertheless provided a number of opportunities, for example in the United States (+0.6%) and Australia (+1.8%) — while it was the worst sector in Europe. In the United States, healthcare (-3.1%) and residential real estate (-2.6%) pushed the index down, while self-service storage (+5.6%) and hotels (+4.7%) in particular contributed to performance. Prifund Alpha Property Securities closed the month in positive territory, outperforming its benchmark and helped greatly by its allocation to Europe and the United Kingdom, while Asia proved costly. No changes were made to the portfolio during the month.

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Change in NAV

Chart – Base 100 (30/09/2017)
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 B-CHF Cumulative Annualised
Since 01/01/2017

3.18 %

4.20 %

3.18 %

4.20 %

1 Year

-0.27 %

-2.29 %

-0.27 %

-2.29 %

3 Year

9.31 %

9.22 %

3.01 %

2.98 %

5 year

20.89 %

20.24 %

3.87 %

3.75 %

Since inception

5.58 %

-10.21 %

0.50 %

-0.99 %

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

Share class (B-CHF)

Market index

3.18 %

4.20 %

-0.27 %

-2.29 %

9.31 %

9.22 %

20.89 %

20.24 %

5.58 %

-10.21 %

Annualised

Share class (B-CHF)

Market index

-0.27 %

-2.29 %

3.01 %

2.98 %

3.87 %

3.75 %

0.50 %

-0.99 %

*Rolling periods

Annual performance



Fund information

Inception Date (Fund)
22/02/2006
Inception Date (Part)
20/12/2006
Legal form
SICAV
Market index
FTSE EPRA/NAREIT Developed Index
Currency (fund)
EUR
Currency (share class)
CHF
Distribution Policy
Distribution
Valuation frequency
Official Monthly / Technical Wednesday
ISIN Code
LU0242660362
AuM (fund)
73 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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