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 (10/07/2019)
76.25 CHF
Roger  GUERRA–LU0319013750–
Roger GUERRA
Jérôme TROTIGNON–LU0319013750–
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
76.25 CHF
Change in NAV (10/07/2019)
3
1234567
Risk and reward profile
Recommended holding period
Change in NAV (10/07/2019)
76.25 CHF
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 31/05/2019

Global equities experienced their first month of decline this year in May, posting a sharp correction (-5.8%), while taking the MSCI World index's performance to +9.7% for the year. Europe (-4.9%), the United States (-6.4%) and Japan (-6.5%) all closed in negative territory. In particular, the more defensive real estate sector outperformed global equities this month, with the FTSE EPRA Nareit Developed Index dipping (-0.3%). The United States (-0.1%) and Asia (-0.2%) closed the month virtually unchanged, while Europe (-0.9%), penalised by the United Kingdom's poor performance (-6.4%), finished up trailing the pack. Contrasting performances were posted by the US real estate market, with good economic numbers on employment and consumer sentiment, while manufacturing indices were weaker. More defensive segments such as self storage (+5.8%) and healthcare property (+5.7%) outperformed, while segments that were more sensitive to the economy, such as hotels (-6.8%) and retail properties (-2.8%), were more heavily affected. The Asian real estate market benefited in particular from an excellent performance by more defensive Australian and Japanese securities. The good performance posted by Japanese developers and the yen's appreciation also proved beneficial for the region. In contrast, more export-sensitive stocks, particularly in Hong Kong and Singapore, underperformed. European real estate, however, was driven by the UK's performance, weakened primarily by the sagging pound sterling and the prevailing political instability. Meanwhile, the most defensive regions, such as Switzerland and Belgium, outperformed, while the UK, Netherlands and France closed lower, reflecting the poor performance of retail premises during the month. Office and residential real estate in the UK was also particularly affected by Brexit-related concerns. EdR Prifund Property Securities closed May on a gain, ahead of its benchmark, playing its defensive role in falling markets.

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Change in NAV

Chart – Base 100 (10/07/2019)
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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 K-CHF Cumulative Annualised

5.27 %

7.36 %

2.69 %

2.37 %

3.29 %

2.48 %

Since inception

5.00 %

0.77 %

0.42 %

0.07 %

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

Share class (K-CHF)

Market index

5.00 %

0.77 %

Annualised

Share class (K-CHF)

Market index

5.27 %

7.36 %

2.69 %

2.37 %

3.29 %

2.48 %

0.42 %

0.07 %

*Rolling periods

Annual performance



Fund information

Inception Date (Fund)
22/02/2006
Inception Date (Part)
30/11/2007
Legal form
SICAV
Market index
FTSE EPRA/NAREIT Developed Index
Currency (fund)
EUR
Currency (share class)
CHF
Distribution Policy
Distribution
Valuation frequency
Weekly
Minimum initial investment
1000000.00 CHF EQ EUR
ISIN Code
LU0319013750
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
0,750 %
Current management fee
0.750 %
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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