Edmond de Rothschild

Welcome to our Fund Center

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.

Please enter your country and indicate which investor category you belong to:
Mobile Logo

EdR Start Defensive strategies

Defensive strategies
Change in NAV (19/01/2018)
102.85 USD
Benjamin  MELMAN–FR0011050400–
Benjamin MELMAN
Eliezer BENZIMRA–FR0011050400–
Eliezer BENZIMRA
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
18 months
102.85 USD
Change in NAV (19/01/2018)
2
1234567
Risk and reward profile
18 months
Recommended holding period
Change in NAV (19/01/2018)
102.85 USD
Risk and reward profile
1234567
Recommended holding period
18 months
Benjamin MELMAN  
Eliezer BENZIMRA  
The identity of the managers presented in this document may change during the life of the product.
Contact

Investment objective

The UCITS' management strategy is discretionary and opportunistic. The UCITS takes positions on the bond and equity markets and on currencies. The UCITS' objective is to seek absolute performance, decorrelated over the recommended investment period, on the main international equity and bond markets. In the context of its management, the UCITS' target volatility may be up to a maximum of 3%.

View more View less

Commentary 29/12/2017

The leading central banks gave their take in the first fortnight of December on the state of the economy, growth prospects and inflation expectations. What is really interesting is that fundamentally, in both the euro zone and the United States, central bankers believe that growth will accelerate in 2018 thanks to better fundamentals in Europe and the tax reform passed by the US Congress. However, central bankers no longer believe that inflation will reach higher levels in 2018, which is quite surprising. This attitude may explain a rise in world interest rates, notably from 0.30% to 0.43% on the 10-year German bund and from 2.14% to 2.22% on the US 5-year Treasury note. Credit markets have continued to ignore this tone-shift by the central banks, and posted a stellar year in terms of performance, with very low volatility. On the political front, Catalonia saw a coalition of three separatist parties come out tops, but the largest party, Ciudadanos (Citizens), is unionist, which explains the status quo while Madrid calls for peaceful negotiations. Meanwhile, in Italy, President Mattarella has dissolved parliament and scheduled elections for March 4. Early polls clearly show negative sentiment on the euro zone breaking through. This has led to spreads widening by 20 bps between Italy's 10-year bond and the German 10-year bund.

View more View less

Change in NAV

Chart – Base 100 (19/01/2018)
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 P-USD Cumulative Annualised
Since 01/01/2018

0.06 %

0.07 %

0.06 %

0.07 %

1 Year

2.11 %

1.04 %

2.11 %

1.04 %

Since inception

2.82 %

1.24 %

1.95 %

0.86 %

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

Share class (P-USD)

Benchmark

0.06 %

0.07 %

2.11 %

1.04 %

2.82 %

1.24 %

Annualised

Share class (P-USD)

Benchmark

2.11 %

1.04 %

1.95 %

0.86 %

*Rolling periods

Annual performance



Statistics

VolatilityTracking ErrorCorrelation coefficientMax. drawdown
Share class P-USDBenchmarkShare class P-USDBenchmarkShare class P-USDBenchmarkShare class P-USDBenchmark
1 Year*0.44 %0.03 %0.44 %-0.08 %-0.18 %
3 Year *
Max. monthly gain Since inception
Max. monthly loss Since inception
Share class P-USD
Benchmark
1 Year* 3 Year * 1 Year* 3 Year *
Volatility 0.44 % 0.03 %
Tracking Error 0.44 %
Correlation coefficient -0.08 %
Max. drawdown -0.18 %

Fund information

Inception Date (Fund)
14/05/2007
Inception Date (Part)
11/08/2016
Legal form
Mutual Fund
Benchmark
Federal Funds Effective Rate capitalise
Currency (fund)
EUR
Currency (share class)
USD
Distribution Policy
Accumulation
Valuation frequency
Daily
Minimum initial investment
1 Share
ISIN Code
FR0011050400
AuM (fund)
899 M (EUR)
Regulatory authority
AMF
Management company
Edmond de Rothschild Asset Management (France)
Delegated Management Company
Edmond de Rothschild Asset Management (France)
Incorporation
France
Maximum management fee
0,750 %
Current management fee
0.750 %
Subscription and redemption conditions
Daily before 12.30 am C.E.T. on day's net asset value
Subscription fee
1.00 % max
Performance fee
15,000 %

Fund documentation

Select all

(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.

Top