OUR VIEW ON TECH
Technology should not stop us insisting on sustainable growth. Our goal is to help tech companies grow by encouraging them to adopt a long-term approach that allows society to realise its full economic and social potential. This commitment underpins all our financial investments.
We believe that technology is a tremendous growth driver but that it should be harnessed to serve mankind.
BIG DATA = BIG PROGRESS ?
A KEY TOPIC TODAY
CYBERSECURITY
- Daily cyber attacks increased by 20,000 to 30,000 during the US lockdown.
Source: Microsoft, June 2020
CYBER HEALTH
- In the US, telemedicine has jumped from 11% in 2019 to 46% today. Healthcare facilities can now carry out between 50 and 175 times more teleconsultations.
Source: McKinsey, April 2020 & Sutter Health, 2020
TELEWORKING
- The number of Europeans in full-time teleworking has risen from 5.4% before the Covid-19 crisis to 40% today.
Source: European Commission 2020
- 68% of US companies say cloud activities will be their priority in 2021. They also reckon that office working will fall by 24% next year.
Source: Instinet
TECH NO / DATA YES
Big Data is a long-term theme that is capable of transforming a number of sectors. The objective of the fund Edmond de Rothschild Fund Big Data is to select businesses that are directly involved in this theme or that could use it to transform their business model. The strategy of those businesses selected will therefore be evaluated from the perspective of Big Data.
INFRASTRUCTURE
Undertakings that collect and make available the data produced by major players in Big Data (through sensors, the internet, etc).
E.g. a data centre for storing data.
ANALYTICS
Software companies that make it possible to analyse this data.
E.g. algorithms for managing resources (energy, transportation, etc.), on a city-wide scale - Smart Cities.
DATA USERS
Non-technology companies that use this data in their day-to-day business in order to obtain a competitive advantage.
E.g. A company in the healthcare sector using Big Data (genome sequencing, etc.).
Past performance and volatility is no guarantee of future performance and volatility which may change over time, and can be separately affected by fluctuating exchange rates. Performance data does not take into account the fees and charges received when issuing and redeeming units.
Performance of the A EUR unit of the subfund Edmond de Rothschild Fund Big Data from 31/08/2015 (launch date) to 30/09/2021: 128.24% (14.52% year-on-year) compared to 97.40% (11.82% year-on-year) for the MSCI World (NR). Performance of the A EUR unit in 2020: 11.97% compared to 6.33% for the MSCI World (NR).
Source: Edmond de Rothschild Asset Management (France). Edmond de Rothschild Fund Big Data is a sub-fund of the SICAV (investment fund in the form of a company with variable capital) registered in Luxembourg, approved by the CSSF (the Luxembourg financial supervisory body), and authorised for marketing in France, Belgium, Germany, Spain, the United Kingdom, Italy, Switzerland, Austria, Portugal and Luxembourg.
SUB FUND RISK PROFILE: the fund is rated 6 on a scale of 7, a high risk/return fund profile which reflects its ability to be up to 100% exposed to equity markets. The risks described below are not exhaustive: it is the responsibility of investors to analyse each investment’s risk and to come to their own opinion.
Discretionary management risk: The discretionary management style is based on expectations of the performance of different markets (equities, bonds). However, there is a risk that the Fund may not be invested in the best-performing values at all times.
Equity risk: The value of a stock may change depending on factors specific to the issuer but also on exogenous, political or economic factors that may lead to substantial variations in the net assets which may have a negative impact on the performance of the fund.
Risk from investing in small and mid cap companies: Investment in small and medium enterprises may entail greater risk than that generally deriving from investments in larger and better established enterprises. Sub-Funds which invest in smaller companies may fluctuate in value more than other Sub-Funds because of the greater potential volatility of Share prices of smaller companies.
Exchange rate risk: Assets may be exposed to exchange rate risk when currency exposure of certain assets of the relevant Sub-Fund into another currency. Concentration risk: Certain Sub-Funds may concentrate their investments in assets belonging to certain specific sectors of the economy, and they will consequently be subject to the risks associated with the concentration of investments in the sectors in question.
October 2021. This document is issued by Edmond de Rothschild Asset Management (France). Non-binding document. This document is for information purpose only. Any reproduction, disclosure or dissemination without prior 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 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. 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. 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 to them before any subscription and available at http://funds.edram.com, or upon request free of charge. « Edmond de Rothschild Asset Management » or « EdRAM » is the commercial name of the asset management entities of the Edmond de Rothschild Group.
Edmond de Rothschild Asset Management has a Spanish Branch registered with the Comisión Nacional del Mercado de Valores (the “CNMV”) under no. 47, with registered office at Paseo de la Castellana, 55 - 28046 - Madrid. The accompanying information does not form part of or constitute an official prospectus for the fund and has not been registered with, verified or approved by the CNMV.
Edmond de Rothschild Fund SICAV CNMV number is n.229. For further details and information about the fund consult the fund prospectus, bylaws and financial reports, all of which are available from any authorised distributor or from the CNMV.
GLOBAL DISTRIBUTOR: EDMOND DE ROTHSCHILD ASSET MANAGEMENT (FRANCE) 47, rue du Faubourg Saint-Honoré, 75401 Paris Cedex 08 Société anonyme governed by an executive board and a supervisory board with capital of 11,033,769 euros AMF Registration No. GP 04000015 - 332.652.536 R.C.S. Paris
MANAGEMENT COMPANY: EDMOND DE ROTHSCHILD ASSET MANAGEMENT (LUXEMBOURG) 16, Boulevard Emmanuel Servais, L – 2535 Luxembourg
SUB INVESTMENT MANAGER: EDMOND DE ROTHSCHILD ASSET MANAGEMENT (FRANCE) 47, rue du Faubourg Saint-Honoré, 75401 Paris Cedex 08 edram.fr
This document is issued by Edmond de Rothschild Asset Management (Suisse) S.A. 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 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 undertakings for collective investment (“UCIs” hereafter) varies from country to country. The UCIs 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 UCIs 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) or any other legal documentation requested by local regulation, that is provided to them before any subscription and available at www.edmond-de-rothschild.com under the “Fund Center” 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 UCI.
"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 Fund Big Data is organized under the laws of Luxembourg, 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, can be obtained, free of charge upon request, from the Swiss Representative or from the following website: http://funds.edram.com.
REPRESENTATIVE AGENT AND DISTRIBUTOR IN SWITZERLAND
Edmond de Rothschild Asset Management (Suisse) S.A.
rue de l’Arquebuse 8, Case postale 5441, 1211 Genève 11
PAYING AGENT IN SWITZERLAND
Edmond de Rothschild (Suisse)
S.A., rue de Hesse 18, 1204 Geneva
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