Edmond de Rothschild Start

A solution for tumbling money market and bond yields

A solution for tumbling money market and bond yields

Investors have been struggling with falling bond and money market yields for several years. The low interest environment looks set to persist so investors will have to review allocation choices to improve their chances of returns. Generating extra yield necessarily entails diversifying sources of performance and reinforcing flexibility.

Edmond de Rothschild Start

  • An absolute return strategy with limited volatility

    ​​Edmond de Rothschild Start is a low volatility, diversified fund which seeks absolute returns uncorrelated with international markets over the recommended investment horizon of 18 months. The fund aims to keep volatility below 3%.  The investment team takes a discretionary and opportunistic approach to equity, bond and currency markets with no benchmark constraints.

  • Two complementary strategies

    To meet its objective, the fund invests in two strategies

    • A bond sleeve which seeks to provide the portfolio with a solid base by aiming for regular returns 
    • An actively managed sleeve which seeks to generate extra performance by capturing opportunities across all asset classes 
  • The investment process blends investment convictions and flexibility

    ​​The fund’s managers enjoy a vast investment universe and wide flexibility over positions and markets. Portfolio construction is based on the investment convictions of our Asset Allocation and Sovereign Debt team which comprises 11 complementary market specialists covering all asset classes.

Key figures

  • €500m under management
  • 1.2% in outperformance vs.
    EONIA over 3 years
  • 1.1% in 3-year volatility
  • 10 years of track record
/
Past performance and volatility is not necessarily a guide to future performance and volatility. Source: Edmond de Rothschild Asset Management. Data at May 31 2017 AUM: €494m (as of 31/05/2017). 5-year cumulative performance (C share) at 31/05/2017: +4.76% (an annualised +0.93%). Cumulative performance of the benchmark (Capitalised EONIA) over the same period: -0.31% (-0.03%).

Key points

  • A diversified fund which seeks positive returns which are uncorrelated with international markets whatever the prevailing market conditions
  • Targeted volatility of 3% max
  • An absolute return strategy which is particularly adapted to the current environment
  • A convincing track record since its 2007 launch
  • The fund is notably subject to capital loss and arbitrage strategy risk
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June 2017

Disclaimer: This document is non-binding and its content is exclusively designed for information purposes. Any reproduction, alteration, disclosure or dissemination of this material in whole or in part without prior written consent from the Edmond de Rothschild Group is strictly prohibited. The information provided in this document should not be considered as an offer, an inducement, or a solicitation to deal, by anyone in any jurisdiction where it would be unlawful or where the person providing it is not qualified to do so. It is not intended to constitute, and should not be construed as investment, legal, or tax advice, nor as a recommendation to buy, sell or continue to hold any investment. EdRAM shall incur no liability for any investment decisions based on this document. This document has not been reviewed or approved by any regulator in any jurisdiction. The regulation concerning marketing conditions of UCITS and AIFs ("Funds" hereafter) varies from country to country. The Funds presented herein may not be registered and/or authorised in your country. You should seek advice from your professional advisor if you are in doubt as to whether any of the Funds mentioned might be suitable for your individual situation. This document is not intended for citizens or residents of the United States of America or "U.S. Persons" as defined by "Regulation S" under the U.S. Securities Act of 1933. No investment product presented herein is registered under the Securities Act of 1933 or any other United States regulation. Then, they cannot be offered or sold directly or indirectly in the United States of America, to or to the benefit of residents and citizens of the United States of America and to “U.S. Persons”. The figures, comments, forward looking statements and elements provided in this document reflect the opinion of EdRAM on market trends based on economic data and information available as of today. They may no longer be relevant when investors read this document. In addition, EdRAM shall assume no liability for the quality or accuracy of information / economic data provided by third parties. Any investment involves specific risks. We recommend investors to ensure the suitability and/or appropriateness of any investment to its individual situation, using appropriate independent advice, where necessary. Furthermore, investors must read the key investor information document (KIID) and/or any other legal documentation requested by local regulation, that are provided before any subscription and available at http://funds.edram.com section, or upon request free of charge. Past performance and past volatility are not reliable indicators for future performance and future volatility. Performance may vary over time and be independently affected by, inter alia, changes in exchange rates. Performance data does not include commissions and costs incurred on subscriptions and redemptions of units or shares of the Funds. “Edmond de Rothschild Asset Management” or “EdRAM” refers to the Asset Management division of the Edmond de Rothschild Group. In addition, it is the commercial name of the asset management entities (including branches and subsidiaries) of the Edmond de Rothschild Group. Edmond de Rothschild Start is organized under the French law, and has been approved by the Swiss Financial Market Supervisory Authority (« FINMA ») for distribution in or from Switzerland to non-qualified investors. The Prospectus, the annual and interim reports, KIIDs, Articles of association, fund agreement or management regulations, can be obtained, free of charge upon request, from the Swiss Representative or from the following website: http://funds.edram.com

SWISS DISTRIBUTOR AND REPRESENTATIVE
EDMOND DE ROTHSCHILD ASSET MANAGEMENT (SUISSE) S.A.
8 rue de l’Arquebuse – PO Box 5441 – 1211 Geneva 11 - Switzerland
contact-am-ch@edr.com – T +41 58 201 75 40
ch.edram.com

SWISS PAYING AGENT
EDMOND DE ROTHSCHILD (SUISSE)
18 rue de Hesse – 1204 Geneva - Switzerland