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 (31/12/2018)
115.92 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
115.92 EUR
Change in NAV (31/12/2018)
3
1234567
Risk and reward profile
Recommended holding period
Change in NAV (31/12/2018)
115.92 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 30/11/2018

After a complicated October, global equities closed up (+1.2%). Fears of deceleration in the US economy, massive exits in the technology sector, and a more moderate discourse by the Federal Reserve on interest rate developments all served to favour the more defensive sectors. In this climate, global real estate equities outperformed (+3.7% in USD), helped mainly by Asia and the United States (respectively +5.3% and +4.5% in USD), while Europe under-performed (-1% in USD). Asia, and especially Hong Kong and China, benefited from the optimism regarding a potential deal on the trade war at the G20's margin. Hong Kong's more rate-sensitive stocks and high-beta developers performed particularly well, while developers in Singapore ended at the bottom of the league. US real estate stocks have benefited from the status quo on the Fed's interest rates, and investors' expectations of more moderate rates when its interest rates eventually rise. Overall, real estate sectors performed positively, including data centres (+9.9% after being the worst performers in October), healthcare (+8.2%) and apartments (+7.7%). In contrast, retail trade property and hotels suffered. Europe has once again underperformed the global real estate market, penalised mainly by the United Kingdom and lingering concerns about the Brexit deal. The decline in sterling (-1.5%) also impacted performance. Retail property in Britain was the most heavily impacted sector, followed by residential real estate. The PMI's down-trend over the month seems to indicate a decline in the vast majority of European economies. However, industrial real estate (+5.3%) and residential property (+4.3%) performed well. Prifund Alpha Property closed the month higher, but behind its benchmark given the sector's strong growth over the month. Global, Asian and US funds performed particularly well, while European and more defensive portfolios closed lower.

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Change in NAV

Chart – Base 100 (31/12/2018)
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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-EUR Cumulative Annualised

-6.65 %

-8.37 %

0.57 %

0.10 %

2.58 %

1.60 %

Since inception

15.92 %

7.09 %

1.16 %

0.53 %

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

Share class (A-EUR)

Market index

15.92 %

7.09 %

Annualised

Share class (A-EUR)

Market index

-6.65 %

-8.37 %

0.57 %

0.10 %

2.58 %

1.60 %

1.16 %

0.53 %

*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*13.00 %22.46 %10.37 %0.98 %0.17 %-0.36 %
3 Year *6.13 %10.91 %5.95 %0.90 %0.08 %0.04 %
Max. drawdownAlphaBeta
Share class A-EURMarket indexShare class A-EURMarket indexShare class A-EURMarket index
1 Year*-6.91 %-0.15 %0.57 %
3 Year *-6.91 %0.03 %0.50 %
Max. monthly gain Since inception3.54 %
Max. monthly loss Since inception-10.69 %
Share class A-EUR
Market index
1 Year* 3 Year * 1 Year* 3 Year *
Volatility 13.00 % 6.13 % 22.46 % 10.91 %
Tracking Error 10.37 % 5.95 %
Sharpe ratio -0.36 % 0.04 %
Alpha -0.15 % 0.03 %
Correlation coefficient 0.98 % 0.90 %
Information ratio 0.17 % 0.08 %
Max. monthly loss -10.69 %
Max. monthly gain 3.54 %
Max. drawdown -6.91 % -6.91 %
Beta 0.57 % 0.50 %

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
Official Monthly / Technical Wednesday
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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