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 Japan Japan equities

Japan equities
Change in NAV (16/05/2018)
119.42 EUR
Takahiro  UEMURA (SMAM)–FR0012799781–
Takahiro UEMURA (SMAM)
Takashi SHIMODAIRA(ProductSpecialist)(SMAM)–FR0012799781–
Takashi SHIMODAIRA(ProductSpecialist)(SMAM)
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
119.42 EUR
Change in NAV (16/05/2018)
6
1234567
Risk and reward profile
> 5 years
Recommended holding period
Change in NAV (16/05/2018)
119.42 EUR
Risk and reward profile
1234567
Recommended holding period
> 5 years
Takahiro UEMURA (SMAM)  
Takashi SHIMODAIRA(ProductSpecialist)(SMAM)  
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 27/04/2018

In the beginning of the month, the Japan stock prices started with a decline worried by trade tension between US and China. However, the excessive concern was gradually receded as the US President Donald Trump referred a possibility of US's return to TPP negotiation, and the Chinese Head of State Xi Jinping unveiled his policy on easing importing duties for automobiles and others. Under such circumstances, the stock market turned to a rising trend with tailwind of JPY depreciation.In the second half of the month, although US, France and UK took joint actions of military attack on Syria, the market kept the rising trend because the Syria attack was just a onetime action, which gave a sense of security to the market; and there was no remarkable comment by the US President Donald Trump as to concerned currency and trade policy at the summit meeting between US and Japan.Toward the end of the month, the stock market kept the firm trend in favor of further JPY depreciation against US dollar as a result of rising US bond yields as well as favorable start of company earnings result announcements by the companies which closed the FY2017 accounts in 31 March 2018.For sector performance, top performing sectors in this month include (a) Electric Power & Gas (due to capital inflow into domestic-demand oriented undervalued stocks), (b) Insurance (Growing expectation for turning around to earnings improvement due to rising US bond yields, (c) Natural Resources & Fuel (Growing expectation for turning around to earnings improvement in favor of a rise in crude oil prices). On the other hand, the worst performing sectors include (a) Machine Tools & Bearings (worries over slowdown in incoming orders for machine tools due to slowdown in smartphones related investments), (b) Electronic Materials (concern about decreasing demand for semiconductor materials due to lackluster iPhone X sales), (c) Game (investors' money shift from growth stocks to undervalued stocks).

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Change in NAV

Chart – Base 100 (16/05/2018)
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 IH-EUR Cumulative Annualised
Since 01/01/2018

-0.79 %

-0.14 %

-0.79 %

-0.14 %

1 Year

19.42 %

15.67 %

19.42 %

15.67 %

Since inception

19.42 %

15.67 %

19.42 %

15.67 %

Since 01/01/2018 1 Year 3 Year 5 year Since inception
Cumulative

Share class (IH-EUR)

Benchmark

-0.79 %

-0.14 %

19.42 %

15.67 %

19.42 %

15.67 %

Annualised

Share class (IH-EUR)

Benchmark

19.42 %

15.67 %

19.42 %

15.67 %

*Rolling periods

Annual performance



Fund information

Inception Date (Fund)
30/12/2010
Inception Date (Part)
16/05/2017
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
FR0012799781
AuM (fund)
30,505 M (JPY)
Regulatory authority
AMF
EU Regulation
UCITS
Management company
Edmond de Rothschild Asset Management (France)
Delegated Management Company
Sumitomo Mitsui Asset Management
Incorporation
France
Maximum management fee
1,200 %
Current management fee
1.200 %
Subscription and redemption conditions
Daily before 4.30 pm C.E.T.on next day's net asset value
Performance fee
15,000 %

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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