Edmond de Rothschild SICAV Euro Sustainable Growth and Edmond de Rothschild SICAV Euro Sustainable Credit are sub funds of the French regulated SICAV which is approved by the AMF and approved for marketing in Austria, Belgium, Switzerland, Germany, Spain, France, Italy, Luxembourg and Netherland.
Principal investment risks of the Edmond de Rothschild SICAV Euro Sustainable Growth:
This UCITS is in risk category 6, which reflects the exposure to equity markets of up to 110% of its assets, representing a high risk/reward profile. The risks described below are not exhaustive. It is up to each investor to analyse the risks associated with each investment and to form their own opinion. Risk of capital loss: The UCITS does not benefit from any protections. This means that the capital initially invested may not be returned in full even if subscribers retain their units for the entire recommended investment period. Equity risk: The value of an equity can fluctuate due to factors that are specific to the issuing company, as well as exterior political or economic factors. Changes in equity markets, as well as in convertible bond markets whose growth is partly linked to that of underlying equities, can lead to significant fluctuations in net assets which can have a negative impact on the net asset value of the UCITS. SRI (socially responsible investment) selection related risk: The selection of SRI securities can result in the UCITS departing from the benchmark. Risk related to small- and mid-cap companies: The securities of companies with small and medium capitalisations can be significantly less liquid and more volatile than those of companies with large capitalisations. The net asset value of the UCITS can therefore fluctuate more rapidly and more significantly.
Principal investment risks of the Edmond de Rothschild SICAV Euro Sustainable Credit:
The fund is classified in category 3 in line with the nature of securities and geographical zones in the “objectives and investment policy” section of the key investor information document (KIID). 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. Risk of capital loss: The Fund does not guarantee or protect the capital invested, and there is a risk that the capital invested will not be returned in full. Unitholders are advised that the performance objective is provided for information only and does not in any way constitute an obligation for the management company to provide results. Credit risk: If a credit event occurs (for example, a significant widening of the remuneration margin of an issuer compared to a State bond with the same maturity), or a default or downgrading of the quality of bond issuers (for example, a downgrading of their rating), the value of the debt securities in which the Fund is invested may drop, and cause the Fund’s net asset value to fall. The use of high-yield securities up to a 100% limit of the Fund’s net assets may result in sharper falls in net asset value, and such securities can present a greater risk of default. This Fund must therefore be considered as speculative, and is specifically intended for investors who are conscious of the risks inherent in investing in securities whose rating is low or non-existent. Credit risk from investing in high yield bonds: the fund may invest in government and corporate rated as non investment grade by a rating agency (i.e. rated below BBB- by Standards and Poor’s or an equivalent rating from another independent agency) or considered as equivalent by our investment company. These issues are so-called speculative debt securities with a higher risk of issuer default. The fund must be viewed as partly speculative and concerns in particular investors who are aware of the risks inherent in these securities. Consequently, investing in high yield securities (speculative securities which have a higher default risk) may entail a bigger fall in the fund’s net asset value. Interest-rate risk: Interest-rate risk is the risk that bond-market rates may increase, thereby causing bond prices to fall and reducing the Fund’s net asset value. A rise in interest rates may negatively affect performance for an indefinite period; similarly, if the portfolio’s sensitivity is negative, a drop in interest rates may have a negative impact on performance for an unspecified period. This phenomenon may cause the net asset value to fall. Such interest-rate risk may cause the net asset value to fall. Risk linked to the SRI (Socially Responsible Investing) selection: the selection of SRI securities may cause the performance of the UCITS to differ from that of the benchmark.
Infrastructure: Investments in Bridge entail exposure to risks linked to holding debt securities, notably: counterparty risk, risk of non-reimbursement at maturity or deferred or early reimbursement, credit risk, liquidity risk, interest rate risk, exchange rate risk and concentration risk. This non-contractual document is provided for information purposes only and should not be considered an offer to buy or sell or as the marketing of financial securities to its recipients or the general public. Investors should ensure the suitability of the investment with respect to their personal circumstances, and when necessary seek independent advice. Investments in Bridge may, in all cases, only be made based on any documents and information that are required to be disclosed under current regulation. Such documents shall be provided to investors free of charge by the Edmond de Rothschild Group before any investment is made. The fund does not benefit from any guarantee or protection and therefore carries a risk of capital loss. There is a risk that investors may recover a lower amount than the amount they invested.
Private equity strategies: All Private Equity investments involve significant risks that relate especially to the type of investments made. There is no guarantee that the objectives will be achieved or that the capital invested will be returned. A potential investor should only invest if they can afford the total loss of their investment.
This type of investment is only for qualified investors who have the financial capacity to understand and the ability to accept the extent of their exposure to the risks and low liquidity that is inherent in this type of investment. It is each investor’s responsibility to obtain any information that they may require before making an investment decision, to analyse the risk, form their own opinion and receive specialist advice on these questions, in order to assess the legal, tax, accounting and financial benefits and risks related to the investment, and in relation to their own situation, especially their financial situation.
All investments in the vehicles or strategies presented in this document imply exposure to certain risks, such as, in particular: counterparty risk, credit risk, liquidity risk, interest rate risk, currency risk, concentration risk, risk of capital loss, the risks related to discretionary management, geographical and political risks, risks related to dependency on key people, the risks related to the property market, environmental responsibility risks or risks related to the selection of investments, risks related to infrastructure operations and the risks involved in development capital.
All potential investors should read the information on the vehicles and strategy. The information provided in this document shall not be construed as an offer or a solicitation to enter into a transaction in a jurisdiction in which said offer or solicitation would be illegal, or in which the person at the origin of this offer or solicitation is not authorised to act.
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 th e 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. 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 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