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 (16/08/2018)
110.99 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
110.99 GBP
Change in NAV (16/08/2018)
3
1234567
Risk and reward profile
Recommended holding period
Change in NAV (16/08/2018)
110.99 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 30/06/2018

Italy's situation was a source of concern in May. Reassuring comments by Italian Finance Minister Giovanni Tria, on his country's commitment to stay in the euro and respect fiscal discipline in-line with the Maastricht Treaty's objectives, enabled Italian government bonds to recover somewhat. Markets also reacted to the ECB's decisions in June. In the wake of less accommodating comments from some of its members in the days leading up to the Central Bank meeting, investors were expecting a quick end to QE. It was then that ECB chief Mario Draghi delivered a measured message: the asset repurchasing programme will indeed be closed, but not before the end of 2018. What's more, the next rate hike will not take place before September 2019. The slowing pace of growth in Europe, the adverse impact of a trade war with the United States, and the Italian ‘episode' partly explain this decision. In contrast, in the United States accelerating growth led the Fed to continue its policy of monetary tightening by hiking its key rate +25 bps. As a result, the dollar has continued its positive performance against all other currencies, which explains why investors distrust emerging market debt, since its financing costs have increased. The increasing growth differential between the United States and the rest of the world could worsen this trend. Given this climate of trade tensions with the United States and slower growth in Europe, spreads on high yield and (to a lesser extent) investment grade credit have tightened. The HY indices recorded a drop of -0.45% across the Atlantic, and -0.68% in Europe, representing a cumulative decline of -2.59% and -3.81% respectively since their January highs. IG credit was stable in Europe this month, helped by the decline in yields on peripheral government debt, and down -0.54% in the United States under the negative impact of rising 2- to 7-year Treasury yields.

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Change in NAV

Chart – Base 100 (16/08/2018)
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 A-GBP Cumulative Annualised

-1.53 %

0.43 %

0.13 %

0.40 %

0.78 %

0.44 %

Since inception

10.99 %

4.26 %

1.26 %

0.50 %

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

Share class (A-GBP)

Market index

10.99 %

4.26 %

Annualised

Share class (A-GBP)

Market index

-1.53 %

0.43 %

0.13 %

0.40 %

0.78 %

0.44 %

1.26 %

0.50 %

*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*1.07 %0.02 %1.08 %-0.17 %-1.38 %0.93 %
3 Year *1.88 %0.04 %1.88 %-0.13 %-0.09 %1.22 %
Max. drawdownAlphaBeta
Share class A-GBPMarket indexShare class A-GBPMarket indexShare class A-GBPMarket index
1 Year*-1.79 %0.06 %-9.57 %
3 Year *-3.76 %0.25 %-6.99 %
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 1.07 % 1.88 % 0.02 % 0.04 %
Tracking Error 1.08 % 1.88 %
Sharpe ratio 0.93 % 1.22 %
Alpha 0.06 % 0.25 %
Correlation coefficient -0.17 % -0.13 %
Information ratio -1.38 % -0.09 %
Max. monthly loss -2.28 %
Max. monthly gain 1.64 %
Max. drawdown -1.79 % -3.76 %
Beta -9.57 % -6.99 %

Fund information

Inception Date (Fund)
28/05/2009
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)
19 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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