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 Property Securities Indirect real estate

Indirect real estate
Change in NAV (19/06/2019)
129.25 EUR
Roger  GUERRA–LU0242657657–
Roger GUERRA
Jérôme TROTIGNON–LU0242657657–
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
129.25 EUR
Change in NAV (19/06/2019)
3
1234567
Risk and reward profile
Recommended holding period
Change in NAV (19/06/2019)
129.25 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 30/04/2019

Global equities posted a hike in April for the fourth month in a row, up +3.5%, taking the performance of the MSCI World Index to +16.5% for the year to date. Europe and the United States (up +3.8% and +4.0% respectively) were the most prolific regions this month, while Japan closed on a more modest gain (+0.9%). The real estate sector closed lower, as with the FTSE EPRA Nareit Developed Index, dipping -1.5% and penalised mainly by Asia (-2.1%). Europe (-1.0%) and the United States (-0.2%) also closed in negative territory. Soaring oil prices on the WTI (up by +6.3% to $63.91 USD/bbl) and Jerome Powell's speech, offering no immediate possibility of rate cuts by the Fed, impacted REIT performance. However, the US real estate market saw the least defensive sectors outperforming. Industrial real estate (+4.4%), hotels (+1.8%) and self-storage properties (+1.2%) ended up leading the pack. In contrast, healthcare (-4.5%) and retail properties (-4.5%) fell. In Europe, the top performer was the United Kingdom (+0.9%), despite the unconvincing economic data, but assisted by niche sectors such as self-storage and student housing. In Germany, residential real estate was penalised by claims against rent hikes in several cities. Asian real estate in was the weakest performer, despite the good numbers reported on China's economy. Japanese developers in particular underperformed (-8.1%) due to a rotation towards more export-oriented investments in China. Australia also suffered a complicated month (-3.7%), weighed down by weakness in its retail sector. EdR Prifund Property Securities closed the month ahead of its benchmark, benefiting in particular from the good performance posted by its more defensive managers.

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Change in NAV

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

5.37 %

7.52 %

2.93 %

3.20 %

3.52 %

2.50 %

Since inception

29.25 %

22.19 %

1.94 %

1.51 %

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

Share class (A-EUR)

Market index

29.25 %

22.19 %

Annualised

Share class (A-EUR)

Market index

5.37 %

7.52 %

2.93 %

3.20 %

3.52 %

2.50 %

1.94 %

1.51 %

*Rolling periods

Annual performance



Statistics

VolatilityTracking ErrorCorrelation coefficientInformation ratioSharpe ratio
Share class A-EURMarket indexShare class A-EURMarket indexShare class A-EURMarket indexShare class A-EURMarket indexShare class A-EURMarket index
1 Year*13.21 %22.05 %9.40 %0.97 %-0.12 %0.22 %
3 Year *6.56 %11.24 %5.03 %0.97 %0.02 %0.22 %
Max. drawdownAlphaBeta
Share class A-EURMarket indexShare class A-EURMarket indexShare class A-EURMarket index
1 Year*-6.73 %0.02 %0.58 %
3 Year *-6.73 %0.07 %0.57 %
Max. monthly gain Since inception6.44 %
Max. monthly loss Since inception-10.69 %
Share class A-EUR
Market index
1 Year* 3 Year * 1 Year* 3 Year *
Volatility 13.21 % 6.56 % 22.05 % 11.24 %
Tracking Error 9.40 % 5.03 %
Sharpe ratio 0.22 % 0.22 %
Alpha 0.02 % 0.07 %
Correlation coefficient 0.97 % 0.97 %
Information ratio -0.12 % 0.02 %
Max. monthly loss -10.69 %
Max. monthly gain 6.44 %
Max. drawdown -6.73 % -6.73 %
Beta 0.58 % 0.57 %

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
Accumulation
Valuation frequency
Weekly
ISIN Code
LU0242657657
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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