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 Tricolore Rendement Europe equities

Europe equities
Change in NAV (12/07/2018)
369.82 EUR
Pierre  NEBOUT–FR0010588343–
Pierre NEBOUT
François BRETON–FR0010588343–
François BRETON
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
369.82 EUR
Change in NAV (12/07/2018)
6
1234567
Risk and reward profile
> 5 years
Recommended holding period
Change in NAV (12/07/2018)
369.82 EUR
Risk and reward profile
1234567
Recommended holding period
> 5 years
Pierre NEBOUT  
François BRETON  
The identity of the managers presented in this document may change during the life of the product.
Contact

Investment objective

Over a recommended investment period of more than five years, the UCITS is managed with the aim of achieving net asset value growth by investing primarily in French companies whose valuation characteristics indicate that they are likely to perform strongly. The selection criteria will be outlined in the investment strategy.

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Commentary 29/06/2018

The progress posted by the global cycle (given the strength of US growth, the normalisation of monetary policy without worsening corporate financial conditions, and the shift to better exchange rates for European companies) contrasts with persistent doubts expressed over the duration of this cycle — which is practically unparalleled in history. In this climate, the debate on the trade war has cast doubt over whether such growth is sustainable. Its very solidity poses the risk of a cyclical turnaround given the accelerated tightening by the US Federal Reserve. As does the drift in European business indicators, coupled with the return of political risk to the euro zone, once more fuelling doubts over the region's growth potential. As a result, the stock market has been narrowing its horizon in favour of visible growth (with, for example, strong growth in the luxury sector, or structural growth in technology) at the expense of the financial and cyclical sectors. The lack of exposure to the luxury sector has penalised our fund performance. The market's difficulty in projecting itself into the medium term has sanctioned any investment or restructuring strategy intended to benefit from such plans in the long term. Accordingly, stocks as different as Elior, Nexans, Iliad or Fnac-Darty have dropped by 15% to 40% since the beginning of the year, despite running strategies that we find appropriate, and valuations that contrast with the most sought after sectors on the market. Our positions on Europcar, Iliad and Elior have been strengthened in light of this. The energy sector has also been strengthened with the addition of Technip and Vallourec, given our conviction that oil companies will soon stop tightening their belts and start spending again. We have reduced our underexposure to structural growth themes by initiating a position on SAP.

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Change in NAV

Chart – Base 100 (12/07/2018)
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 C-EUR Cumulative Annualised
Since 01/01/2018

-2.78 %

3.81 %

-2.78 %

3.81 %

1 Year

-4.31 %

6.34 %

-4.31 %

6.34 %

3 Year

8.15 %

20.27 %

2.64 %

6.33 %

5 year

43.90 %

62.28 %

7.55 %

10.16 %

Since inception

385.17 %

100.26 %

8.38 %

3.60 %

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

Share class (C-EUR)

Benchmark

-2.78 %

3.81 %

-4.31 %

6.34 %

8.15 %

20.27 %

43.90 %

62.28 %

385.17 %

100.26 %

Annualised

Share class (C-EUR)

Benchmark

-4.31 %

6.34 %

2.64 %

6.33 %

7.55 %

10.16 %

8.38 %

3.60 %

*Rolling periods

Annual performance



Statistics

VolatilityTracking ErrorCorrelation coefficientInformation ratioSharpe ratio
Share class C-EURBenchmarkShare class C-EURBenchmarkShare class C-EURBenchmarkShare class C-EURBenchmarkShare class C-EURBenchmark
1 Year*11.17 %12.32 %3.94 %0.95 %-2.58 %0.57 %
3 Year *13.22 %13.42 %4.08 %0.95 %-0.89 %0.51 %
Max. drawdownAlphaBeta
Share class C-EURBenchmarkShare class C-EURBenchmarkShare class C-EURBenchmark
1 Year*-7.86 %-0.18 %0.86 %
3 Year *-23.28 %-0.25 %0.94 %
Max. monthly gain Since inception14.70 %
Max. monthly loss Since inception-17.41 %
Share class C-EUR
Benchmark
1 Year* 3 Year * 1 Year* 3 Year *
Volatility 11.17 % 13.22 % 12.32 % 13.42 %
Tracking Error 3.94 % 4.08 %
Sharpe ratio 0.57 % 0.51 %
Alpha -0.18 % -0.25 %
Correlation coefficient 0.95 % 0.95 %
Information ratio -2.58 % -0.89 %
Max. monthly loss -17.41 %
Max. monthly gain 14.70 %
Max. drawdown -7.86 % -23.28 %
Beta 0.86 % 0.94 %

Fund information

Inception Date (Fund)
04/12/1998
Inception Date (Part)
04/12/1998
Legal form
Mutual Fund
Benchmark
SBF 120 (NR)
Currency (fund)
EUR
Currency (share class)
EUR
Distribution Policy
Accumulation
Valuation frequency
Daily
Minimum initial investment
1 Share
ISIN Code
FR0010588343
AuM (fund)
1,415 M (EUR)
Regulatory authority
AMF
Management company
Edmond de Rothschild Asset Management (France)
Incorporation
France
Maximum management fee
2,000 %
Current management fee
2.000 %
Subscription and redemption conditions
Daily before 12.30 am C.E.T. on day's net asset value
Subscription fee
3.00 % max
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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