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 Income Strategy Diversified bonds

Diversified bonds
Change in NAV (19/06/2019)
112.54 GBP
Laurent  TRUCHI–LU0502485856–
Laurent TRUCHI
Roger GUERRA–LU0502485856–
Roger GUERRA
The identity of the managers presented in this document may change during the life of the product.
Risk and reward profile (1)
1234567
112.54 GBP
Change in NAV (19/06/2019)
2
1234567
Risk and reward profile
Recommended holding period
Change in NAV (19/06/2019)
112.54 GBP
Risk and reward profile
1234567
Recommended holding period
Laurent TRUCHI  
Roger GUERRA  
The identity of the managers presented in this document may change during the life of the product.
Contact

Investment objective

The Sub-Fund aims to grow your capital by investing mainly in securities that are bonds or other debt securities, admitted to an official stock exchange or traded on a “regulated market”. A regulated market is a market that is regulated, operating regularly, recognised and open to the public. These investments are made with no geographical restrictions.

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Commentary 30/04/2019

April was very positive for risky assets (especially equities), with oil prices rebounding, zero-risk interest rates remaining very low, central banks opting for an accommodating tone, and with growth data showing encouraging signs. European growth rebounded by +0.4% in Q1. Italy moved back into positive territory, at +0.1%, while the ratings agency S&P has confirmed its BBB rating on the country, with no negative outlook. Inflation surprised on the upside in April, especially in Germany, at +2.1% y-o-y, driven by seasonal effects. Unemployment continued to fall to 7.7% on average in the euro zone. Despite the Q1 rebound, European growth is still considered fragile by the ECB, which has kept a close watch on the continuing deterioration in the manufacturing sector, and remains ready to step in and support the economy. This very accommodative outlook is a major support factor for the bond market. But it continues to impact profitability at the banks, waiting for the ECB to support them by activating the latest bank refinancing plan, the TLTRO III. The United States has been confronted with a similar economic scenario: posting strong growth at +3.2% in Q1, though the contribution made by stocks and exports has overtaken that of consumption. Meanwhile, core inflation was down at 1.6%, justifying the Fed's decision to pause on rate hikes. China's growth also surprised positively in Q1 (+6.4% y-o-y) thanks to its fiscal stimuli. Consumer spending (+8.7%) and industrial production (+8.5%) have accordingly rebounded sharply. In geopolitical terms, too, signs of moderation helped to reduce the already-low levels of volatility. For example, a new deadline was set to facilitate an orderly Brexit from Europe, and a trade deal between the US and China seemed imminent. This positive climate benefited high yield credit (+1.41%) and, to a lesser extent, investment grade credit (+0.69%). This thanks to tighter credit spreads and relative interest rate stability.

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Change in NAV

Chart – Base 100 (19/06/2019)
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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-GBP Cumulative Annualised

1.10 %

0.69 %

0.98 %

0.47 %

0.45 %

0.48 %

Since inception

12.54 %

4.90 %

1.30 %

0.52 %

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

Share class (A-GBP)

Market index

12.54 %

4.90 %

Annualised

Share class (A-GBP)

Market index

1.10 %

0.69 %

0.98 %

0.47 %

0.45 %

0.48 %

1.30 %

0.52 %

*Rolling periods

Annual performance



Statistics

VolatilityTracking ErrorCorrelation coefficientInformation ratioSharpe ratio
Share class A-GBPMarket indexShare class A-GBPMarket indexShare class A-GBPMarket indexShare class A-GBPMarket indexShare class A-GBPMarket index
1 Year*1.21 %0.02 %1.21 %0.01 %-0.01 %0.81 %
3 Year *1.46 %0.06 %1.47 %-0.06 %0.28 %0.65 %
Max. drawdownAlphaBeta
Share class A-GBPMarket indexShare class A-GBPMarket indexShare class A-GBPMarket index
1 Year*-1.88 %0.84 %
3 Year *-3.25 %0.13 %-1.54 %
Max. monthly gain Since inception1.64 %
Max. monthly loss Since inception-2.28 %
Share class A-GBP
Market index
1 Year* 3 Year * 1 Year* 3 Year *
Volatility 1.21 % 1.46 % 0.02 % 0.06 %
Tracking Error 1.21 % 1.47 %
Sharpe ratio 0.81 % 0.65 %
Alpha 0.13 %
Correlation coefficient 0.01 % -0.06 %
Information ratio -0.01 % 0.28 %
Max. monthly loss -2.28 %
Max. monthly gain 1.64 %
Max. drawdown -1.88 % -3.25 %
Beta 0.84 % -1.54 %

Fund information

Inception Date (Fund)
25/05/2009
Inception Date (Part)
28/04/2010
Legal form
SICAV
Market index
JPMorgan Cash Index GBP Currency 1 Month
Currency (fund)
EUR
Currency (share class)
GBP
Distribution Policy
Accumulation
Valuation frequency
Official Wednesday / Technical Monthly
ISIN Code
LU0502485856
AuM (fund)
10 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
0,750 %
Current management fee
0.750 %
Subscription fee
3.00 % max
Redemption fee
3.00 % 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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