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 (18/01/2018)
214.37 EUR
Pierre  NEBOUT–FR0010705145–
Pierre NEBOUT
François BRETON–FR0010705145–
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
214.37 EUR
Change in NAV (18/01/2018)
6
1234567
Risk and reward profile
> 5 years
Recommended holding period
Change in NAV (18/01/2018)
214.37 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 29/12/2017

European equity indices closed December on a neutral trend, tracking a low volatility regime following economic indicators that are continuing to perform well. The ECB has significantly raised its growth forecast for the euro zone from 2.2% to 2.4% for 2017 and from 1.8% to 2.3% in 2018. What's more, political developments have been in the headlines on both sides of the Atlantic (with voting on tax reform the United States, and the hint an agreement on Brexit). Rate hikes have remained sluggish in the absence of signs of accelerating inflation, in both the United States and Europe. The euro, oil and metals (copper in particular) closed the year at their highest levels, which should have some impact on the operational leverage of European companies – though their results are still expected to rise +9% in 2018. December also saw some sector rotation with the technology sector underperforming, and in contrast, a sharp rise in the commodities sector, driven by price increases for oil, copper and iron. This thanks to the good performance of the world economy and the restrictive measures on mining production adopted in China. What's more, a flood of Investor Days organised by companies during December illustrates that most have now adopted a much more determined and outspoken tone on growth prospects, dynamised by new investment. This is in contrast with the last few years, which were full of restructuring measures. In tandem with this renewed optimism, M&A transactions are now multiplying. Among them are Atos' offer, followed by Thales' counter-offer on Gemalto, Unibail's acquisition of a shopping mall portfolio in the United States and the United Kingdom, for example. Given this climate, portfolio movements included strengthening our position on Orange (taking a positive turn thanks to the domestic growth trajectory and monetisation of investments that should peak in 2018). We reduced Eiffage (given its fine market performance and sensitivity to a potential rate hike), and Fnac-Darty (cashing in the profits after its' stock gains, which are still running at more than +4% for the year).

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Change in NAV

Chart – Base 100 (18/01/2018)
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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 01/01/2018

3.94 %

3.39 %

3.94 %

3.39 %

1 Year

14.81 %

17.18 %

14.81 %

17.18 %

3 Year

36.87 %

36.31 %

11.00 %

10.85 %

5 year

73.61 %

71.06 %

11.66 %

11.33 %

Since inception

114.37 %

110.51 %

8.82 %

8.60 %

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

Share class (R-EUR)

Benchmark

3.94 %

3.39 %

14.81 %

17.18 %

36.87 %

36.31 %

73.61 %

71.06 %

114.37 %

110.51 %

Annualised

Share class (R-EUR)

Benchmark

14.81 %

17.18 %

11.00 %

10.85 %

11.66 %

11.33 %

8.82 %

8.60 %

*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*10.51 %9.87 %3.47 %0.94 %-1.02 %1.38 %
3 Year *14.14 %14.09 %3.71 %0.97 %0.04 %0.77 %
Max. drawdownAlphaBeta
Share class R-EURBenchmarkShare class R-EURBenchmarkShare class R-EURBenchmark
1 Year*-5.86 %-0.06 %1.00 %
3 Year *-22.91 %0.04 %0.97 %
Max. monthly gain Since inception14.78 %
Max. monthly loss Since inception-21.64 %
Share class R-EUR
Benchmark
1 Year* 3 Year * 1 Year* 3 Year *
Volatility 10.51 % 14.14 % 9.87 % 14.09 %
Tracking Error 3.47 % 3.71 %
Sharpe ratio 1.38 % 0.77 %
Alpha -0.06 % 0.04 %
Correlation coefficient 0.94 % 0.97 %
Information ratio -1.02 % 0.04 %
Max. monthly loss -21.64 %
Max. monthly gain 14.78 %
Max. drawdown -5.86 % -22.91 %
Beta 1.00 % 0.97 %

Fund information

Inception Date (Fund)
04/12/1998
Inception Date (Part)
12/01/2009
Legal form
Mutual Fund
Benchmark
SBF 120 (NR)
Currency (fund)
EUR
Currency (share class)
EUR
Distribution Policy
Accumulation
Valuation frequency
Daily
Minimum initial investment
500000.00 EUR
ISIN Code
FR0010705145
AuM (fund)
1,616 M (EUR)
Regulatory authority
AMF
Management company
Edmond de Rothschild Asset Management (France)
Incorporation
France
Maximum management fee
1,150 %
Current management fee
1.150 %
Subscription and redemption conditions
Daily before 12.30 am C.E.T. on 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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