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EdR Prifund USA Equities US equities

US equities
Change in NAV (19/10/2017)
183.42 USD
Roger  GUERRA–LU0122274938–
Roger GUERRA
Jérôme TROTIGNON–LU0122274938–
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
183.42 USD
Change in NAV (19/10/2017)
5
1234567
Risk and reward profile
Recommended holding period
Change in NAV (19/10/2017)
183.42 USD
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 Sub-Fund aims to achieve optimal long-term growth of your capital. The Sub-Fund invests mainly in shares of small, medium and large companies that have their registered office in the United States of America and whose shares are listed on a U.S. stock exchange or on a “regulated market”.

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Commentary 29/09/2017

US equity markets closed up at the end of Q3, with the S&P 500 index gaining +1.9% and the Russell 2000 Small/Mid Cap Index catching up some of the backlog accumulated earlier in the year, with a performance of over +6% in September. Note that the big stars of equity, such as Apple, Facebook and Amazon, fell after their strong growth in the previous months. Though Hurricane Irma hit the US early this month, and there were geopolitical tensions with North Korea, the markets' optimism has not been tainted. Instead it was supported by the publication of positive numbers on the economy, and in particular an upgrade for the economic growth posted for Q2. Janet Yellen's speech highlighting the US economy's robust health strengthened expectations of a rate hike by the year-end, and confirmed the optimism shown by equity investors. At the sector level there were gains in energy (+9.8%), thanks to the hike in oil prices (+9.4%); financials (+5.1%), in response to higher rate expectations; and industrials (+3.8%) were the best performers. Meanwhile the more defensive sectors considered as bond substitutes (utilities, real estate and sustainable consumption), suffered. Prifund USA Equities closed the month sharply up, outperforming the S&P 500. At the portfolio level, there were no significant movements to report this month.

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Change in NAV

Chart – Base 100 (19/10/2017)
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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 B-USD Cumulative Annualised
Since 01/01/2017

14.75 %

15.73 %

14.75 %

15.73 %

1 Year

20.51 %

21.70 %

20.51 %

21.70 %

3 Year

29.16 %

44.38 %

8.88 %

12.99 %

5 year

63.15 %

90.97 %

10.28 %

13.80 %

Since inception

90.31 %

148.52 %

3.89 %

5.55 %

Since 01/01/2017 1 Year 3 Year 5 year Since inception
Cumulative

Share class (B-USD)

Market index

14.75 %

15.73 %

20.51 %

21.70 %

29.16 %

44.38 %

63.15 %

90.97 %

90.31 %

148.52 %

Annualised

Share class (B-USD)

Market index

20.51 %

21.70 %

8.88 %

12.99 %

10.28 %

13.80 %

3.89 %

5.55 %

*Rolling periods

Annual performance



Statistics

VolatilityTracking ErrorCorrelation coefficientInformation ratioSharpe ratio
Share class B-USDMarket indexShare class B-USDMarket indexShare class B-USDMarket indexShare class B-USDMarket indexShare class B-USDMarket index
1 Year*7.98 %7.81 %2.89 %0.93 %-1.04 %2.34 %
3 Year *13.63 %11.81 %4.57 %0.95 %-0.96 %0.83 %
Max. drawdownAlphaBeta
Share class B-USDMarket indexShare class B-USDMarket indexShare class B-USDMarket index
1 Year*-4.20 %-0.03 %0.95 %
3 Year *-20.46 %-0.40 %1.09 %
Max. monthly gain Since inception10.61 %
Max. monthly loss Since inception-25.31 %
Share class B-USD
Market index
1 Year* 3 Year * 1 Year* 3 Year *
Volatility 7.98 % 13.63 % 7.81 % 11.81 %
Tracking Error 2.89 % 4.57 %
Sharpe ratio 2.34 % 0.83 %
Alpha -0.03 % -0.40 %
Correlation coefficient 0.93 % 0.95 %
Information ratio -1.04 % -0.96 %
Max. monthly loss -25.31 %
Max. monthly gain 10.61 %
Max. drawdown -4.20 % -20.46 %
Beta 0.95 % 1.09 %

Fund information

Inception Date (Fund)
18/12/2000
Inception Date (Part)
18/12/2000
Legal form
SICAV
Market index
S&P 500 (NR)
Currency (fund)
USD
Currency (share class)
USD
Distribution Policy
Distribution
Valuation frequency
Daily
ISIN Code
LU0122274938
AuM (fund)
67 M (USD)
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
1,000 %
Current management fee
1.000 %
Subscription fee
5.00 % max
Redemption fee
2.00 % 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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