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EdR Selective Japan Japan equities

Japan equities
Change in NAV (18/10/2017)
177.80 EUR
Takahiro  UEMURA–FR0010983940–
Takahiro UEMURA
Takashi SHIMODAIRA(ProductSpecialist)–FR0010983940–
Takashi SHIMODAIRA(ProductSpecialist)
The identity of the managers presented in this document may change during the life of the product.
Risk and reward profile (1)
1234567
Recommended holding period
> 5 years
177.80 EUR
Change in NAV (18/10/2017)
6
1234567
Risk and reward profile
> 5 years
Recommended holding period
Change in NAV (18/10/2017)
177.80 EUR
Risk and reward profile
1234567
Recommended holding period
> 5 years
Takahiro UEMURA  
Takashi SHIMODAIRA(ProductSpecialist)  
The identity of the managers presented in this document may change during the life of the product.
Contact

Investment objective

The UCITS' investment objective is to outperform the TOPIX Net Total Return Index over the recommended investment period of 5 years.

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Commentary 29/09/2017

In the first half of the month, the Japan stock market started with a decline affected by hydrogen bomb experiment by North Korea and weak US stock market worried over economic deterioration as a result of damage from a horrible hurricane. However, after that, as the concern about the geopolitical risk of the North Korea gradually eased, the Japan market moved to make a recovery on strong expectation for upward revision of earnings growth estimates.In the second half of the month, the Japan stock market accelerated the advancement with market participants' rapid buybacks to renew a year-to-date high, fuelled by rise in US interest rates and resulting weaker yen. The US yields climbed as (a) the North Korean issue started to get stabilized (but still remained in tension), (b) the damages by the US hurricane seemingly turned out to be smaller than what had been expected, (c) FOMC decided to start its balance sheet reduction from October, signaling a series of interest rate hike pace going forwards. On domestic front, the stock market was also supported by a set of positive factors such as (d) PM Abe's reported decision on Lower House dissolution and conducting general election. The news was understood as positive factor that leads to further stabilization of the base of LDP-Komeito coalition government).

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Change in NAV

Chart – Base 100 (18/10/2017)
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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 R-EUR Cumulative Annualised
Since 01/01/2017

12.92 %

6.75 %

12.92 %

6.75 %

1 Year

11.85 %

10.93 %

11.85 %

10.93 %

3 Year

64.48 %

56.98 %

18.01 %

16.19 %

5 year

99.24 %

89.08 %

14.77 %

13.58 %

Since inception

81.00 %

64.95 %

9.13 %

7.65 %

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

Share class (R-EUR)

Benchmark

12.92 %

6.75 %

11.85 %

10.93 %

64.48 %

56.98 %

99.24 %

89.08 %

81.00 %

64.95 %

Annualised

Share class (R-EUR)

Benchmark

11.85 %

10.93 %

18.01 %

16.19 %

14.77 %

13.58 %

9.13 %

7.65 %

*Rolling periods

Annual performance



Statistics

VolatilityTracking ErrorCorrelation coefficientInformation ratioSharpe ratio
Share class R-EURBenchmarkShare class R-EURBenchmarkShare class R-EURBenchmarkShare class R-EURBenchmarkShare class R-EURBenchmark
1 Year*9.15 %9.78 %6.66 %0.75 %0.44 %1.08 %
3 Year *12.39 %13.71 %8.51 %0.79 %0.30 %0.84 %
Max. drawdownAlphaBeta
Share class R-EURBenchmarkShare class R-EURBenchmarkShare class R-EURBenchmark
1 Year*-5.86 %0.11 %0.70 %
3 Year *-19.51 %0.46 %0.71 %
Max. monthly gain Since inception10.61 %
Max. monthly loss Since inception-21.56 %
Share class R-EUR
Benchmark
1 Year* 3 Year * 1 Year* 3 Year *
Volatility 9.15 % 12.39 % 9.78 % 13.71 %
Tracking Error 6.66 % 8.51 %
Sharpe ratio 1.08 % 0.84 %
Alpha 0.11 % 0.46 %
Correlation coefficient 0.75 % 0.79 %
Information ratio 0.44 % 0.30 %
Max. monthly loss -21.56 %
Max. monthly gain 10.61 %
Max. drawdown -5.86 % -19.51 %
Beta 0.70 % 0.71 %

Fund information

Inception Date (Fund)
30/12/2010
Inception Date (Part)
04/01/2011
Legal form
Mutual Fund
Benchmark
TOPIX Net Total Return
Currency (fund)
JPY
Currency (share class)
EUR
Distribution Policy
Accumulation
Valuation frequency
Daily
Minimum initial investment
500000.00 EUR
ISIN Code
FR0010983940
AuM (fund)
21,930 M (JPY)
Regulatory authority
AMF
EU Regulation
UCITS
Management company
Edmond de Rothschild Asset Management (France)
Delegated Management Company
Sumitomo
Incorporation
France
Maximum management fee
1,350 %
Current management fee
1.350 %
Subscription and redemption conditions
Daily before 4.30 pm C.E.T.on next day's net asset value

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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