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 (17/11/2017)
249.87 EUR
Pierre  NEBOUT–FR0010588350–
Pierre NEBOUT
François BRETON–FR0010588350–
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
249.87 EUR
Change in NAV (17/11/2017)
6
1234567
Risk and reward profile
> 5 years
Recommended holding period
Change in NAV (17/11/2017)
249.87 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 31/10/2017

Equity markets closed October with further gains, supported by a buoyant environment with: 1) Q3 data testifying to the strength of activity in the euro zone. 2) The ECB maintaining its accommodating tone, with less risk of interest rates rising again and a halt to the euro's climb. Both these elements are clear positives in support of equity valuations in the euro zone. Successful translation of the quarter's results into an accelerating organic growth cycle, with a differentiated operational leverage effect, varying from one sector to another. Strong in industrial cyclicals, tech stocks and luxury, it is, however, undermined by rising energy and material costs for the construction sector; and less visible in banking (with the low risk cost already anticipated and no early prospect of significant rate hikes). Although the portfolio has been benefiting from good results from its technology exposure (Capgemini and STMicroelectronics), it has been suffering from a lack of equities in the luxury and household consumption sectors. Two stocks have penalised performance this month: first, Nokia, with disappointing results on several fronts (slowdown in its mobile network activity, higher-than-expected merger costs, and lower cash generation). But also Thales, sanctioned on publication of insufficient organic growth to justify a reappraisal in the wake of an exceptional performance. Both securities are held in the portfolio. Meanwhile, we have continued to strengthen our position on Altran. Likewise with ThyssenKrupp. The position in TF1 has been sold, following a strong performance and as a precaution against any risk of a decline in the media. Our position on ENI was sold and reinvested in Total, with a much better profile of free cash-flow generation. Portfolio positioning remains focused on the domestic European stocks best able to benefit from the cyclical leverage effect, and with close attention to valuation at this stage of the stock market cycle.

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Change in NAV

Chart – Base 100 (17/11/2017)
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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 D-EUR Cumulative Annualised
Since 01/01/2017

7.85 %

12.59 %

7.85 %

12.59 %

1 Year

15.61 %

21.01 %

15.61 %

21.01 %

3 Year

34.97 %

37.13 %

10.50 %

11.09 %

5 year

78.60 %

83.93 %

12.29 %

12.95 %

Since inception

287.91 %

46.70 %

7.77 %

2.14 %

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

Share class (D-EUR)

Benchmark

7.85 %

12.59 %

15.61 %

21.01 %

34.97 %

37.13 %

78.60 %

83.93 %

287.91 %

46.70 %

Annualised

Share class (D-EUR)

Benchmark

15.61 %

21.01 %

10.50 %

11.09 %

12.29 %

12.95 %

7.77 %

2.14 %

*Rolling periods

Annual performance



Statistics

VolatilityTracking ErrorCorrelation coefficientInformation ratioSharpe ratio
Share class D-EURBenchmarkShare class D-EURBenchmarkShare class D-EURBenchmarkShare class D-EURBenchmarkShare class D-EURBenchmark
1 Year*11.37 %10.64 %3.53 %0.95 %-1.33 %2.78 %
3 Year *14.45 %14.16 %3.91 %0.96 %-0.01 %0.89 %
Max. drawdownAlphaBeta
Share class D-EURBenchmarkShare class D-EURBenchmarkShare class D-EURBenchmark
1 Year*-6.09 %-0.08 %1.01 %
3 Year *-23.30 %0.02 %0.98 %
Max. monthly gain Since inception13.67 %
Max. monthly loss Since inception-17.41 %
Share class D-EUR
Benchmark
1 Year* 3 Year * 1 Year* 3 Year *
Volatility 11.37 % 14.45 % 10.64 % 14.16 %
Tracking Error 3.53 % 3.91 %
Sharpe ratio 2.78 % 0.89 %
Alpha -0.08 % 0.02 %
Correlation coefficient 0.95 % 0.96 %
Information ratio -1.33 % -0.01 %
Max. monthly loss -17.41 %
Max. monthly gain 13.67 %
Max. drawdown -6.09 % -23.30 %
Beta 1.01 % 0.98 %

Fund information

Inception Date (Fund)
04/12/1998
Inception Date (Part)
08/10/1999
Legal form
Mutual Fund
Benchmark
SBF 120 (NR)
Currency (fund)
EUR
Currency (share class)
EUR
Distribution Policy
Distribution
Valuation frequency
Daily
Minimum initial investment
1 Share
ISIN Code
FR0010588350
AuM (fund)
1,555 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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