Edmond de Rothschild Fund Emerging Bonds

Tap into emerging market debt opportunities

Accédez aux opportunités de la dette émergente

Emerging country debt has for several years seen strong growth in outstandings thanks primarily to an increase in issuers and mounting interest from investors who appreciate its yield potential and view it as a good way of diversifying. Emerging debt posted particularly strong performance despite some periods of volatility. But creating long term value requires adopting a specific approach to the segment’s risks.

  • A flexible, actively managed approach to emerging market debt

    ​Edmond de Rothschild Fund Emerging Bonds is a conviction-driven fund which invests in emerging market debt and currencies. It aims to outperform the euro-hedged JP Morgan EMBI Global. The fund takes a flexible, opportunistic approach to investing and has a concentrated portfolio.

  • An original approach

    One fund characteristic is its ability to diverge significantly from major emerging market debt indices so as to take strong bets that sometimes go against market consensus.

  • A high value-added investment process

    Our primarily top-down investment process also differs in that it does not stop at analysing issuer fundamentals. Analysis of technical factors like investment flows and investor risk appetite also plays a major role.

Key figures

  • +22.18 % performance in 2016
  • +74.50 % cumulative performance
    over 5 years
  • >€ 400 M under management
  • +40.13 % cumulative performance
    over 3 years
  • 5 Morningstar stars
/
Past performance is not a reliable guide to future returns and is not consistent over time.
Performance data does not take into account the fees and charges received when issuing and redeeming units.
.
Data as of 31/03/2017. Cumulative performance of the A € share class over 5 years: +74.50% vs +23.79 % for the JPM EMBI Global Hedged index. Benchmark : JP Morgan EMBI Global Index, euro-hedged Source: Edmond de Rothschild Asset Management (France).
Morningstar rating as of 31/10/2016 in the “Emerging Bonds Hedged €” category. Morningstar ratings are not market rankings and should not be construed as recommendations to buy, sell or hold shares or units in the funds managed by Edmond de Rothschild Asset Management (France). Reference to a ranking or prize awarded to this fund does not imply future rankings or prizes for the fund or the portfolio manager. © Morningstar 2016.

Edmond de Rothschild Fund Emerging Bonds

Key points

  • A flexible and opportunistic style for high conviction investments in emerging market debt
  • The fund can invest across all emerging market debt segments and issuer types, whether sovereign, quasi sovereign or corporate, and all currencies and ratings
  • A vehicle which helps diversify and enhance bond exposures
  • An asset class offering a more attractive risk/return combination than the sovereign bonds of some developed countries
  • Emerging market debt may prove less liquid and more volatile than developed markets
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Edmond de Rothschild Asset Management (Suisse)
8 rue de l’Arquebuse
Case Postale 5441
1211 Genève 11
Switzerland


+ 41 58 201 75 00
Edmond de Rothschild Fund Emerging Bonds is a sub fund of the Luxembourg regulated SICAV which is approved by the CSSF and approved for marketing in France, Luxembourg, Spain, Austria, Switzerland, Germany, Finland, United-Kingdom, Italy, Netherland and Taïwan.

The subfund is classified in category 6 (A EUR & I EUR shares) in line with the nature of securities and geographical zones in the “objectives and investment policy” section of the key investor information document (KIID). Main investment risks: Risk of capital loss, Discretionary management risk, Interest rate risk, Credit risk, Equity risk, Risks linked to investing in emerging markets, Risk associated with financial contract commitments and counterparty, Risk linked to hybrid products, Foreign exchange risk. Main investment risks: Risk of capital loss, Discretionary management risk, Interest rate risk, Credit risk, Equity risk, Risks linked to investing in emerging markets, Risk associated with financial contract commitments and counterparty, Risk linked to hybrid products, Foreign exchange risk. The investment process described in this document includes a series of internal investment constraints set up by the portfolio management team. This describes the process as it stands today, nevertheless it may change over time.

November 2016. Non-binding document. This document is for information only.

Disclaimer: This page is issued for information purposes only and does not constitute a recommendation, offer or solicitation to buy or sell financial instruments or any other financial product. This document is not intended for distribution in any jurisdiction where it is not lawful to do so. It is the responsibility of each investor, to read the documentation for the relevant financial product before making any investment decision, in order to analyse the associated risk and reach his own decision, independently of EdRAM (Suisse). Investors are recommended to obtain independent advice from specialist advisors in these matters, in particular to ensure that the investment is appropriate to his financial and tax position.

Neither EdRAM (Suisse) nor any of its directors, officers, employees, or agents shall have any liability, however arising, for any error, inaccuracy or incompleteness of fact or opinion in this document. Neither EdRAM (Suisse) nor any other member of the Edmond de Rothschild group (the "Group Companies") accepts any liability for any loss arising from any use of this document or its contents. The reader must personally verify the information supplied by EdRAM (Suisse) by consulting the sources cited. Under no circumstances the Group Companies can be held liable for any investment decision to buy, sell or hold on the basis of the information contained in this document. In the event of dispute, the applicable law shall be Swiss law with exclusive place of jurisdiction in Geneva.

The fund has been approved by the Swiss Financial Market Supervisory Authority (« FINMA ») for distribution in or from Switzerland to non-qualified investors. The Swiss Representative is Edmond de Rothschild Asset Management (Suisse) S.A. 8 rue de l’arquebuse Case postale 5441 – 1211 Genève 11 Switzerland The Swiss paying agent is Edmond de Rothschild (Suisse) S.A. 18 rue de Hesse – 1204 Genève Switzerland The Prospectus, the annual and interim reports, KIIDs, Articles of association, fund agreement or management regulations, an be obtained, free of charge upon request, from the Swiss Representative or from the following website: http://funds.edram.com