FR0013404340
EdR SICAV Eq.US Solve CR EUR H/ FR0013404340 /
Стоимость чистых активов22.08.2024 |
Изменение-0.8900 |
Тип доходности |
Инвестиционная направленность |
Инвестиционная компания |
135.1100EUR |
-0.65% |
reinvestment |
Alternative Investments
AI Hedgefonds Single Strategy
|
E.d.Roth. AM (FR) ▶ |
Инвестиционная стратегия
The aim of the Product, over its recommended investment period, is to provide partial exposure to the performance of North American equity markets, while hedging the equity risk at all times, completely or in part, on options and futures markets, in line with the manager"s expectations. The Product is managed actively, which means that the Manager makes investment decisions in line with the Product's investment policy with a view to achieving the Product's objectives. This active-management process entails taking decisions regarding the selection of assets, regional allocations, sectoral views and overall market exposure. The Manager is in no way limited by the composition of the benchmark index in the positioning of the portfolio, and the Product may not hold all the components of the benchmark index, or even any of the components in question at all. The fund may diverge wholly or significantly from the benchmark index or, occasionally, very little.
Discretionary management techniques will be used to expose the Product to North American equity markets by investing in North American equities, or North American equity or equity index derivatives, or UCIs. The management company will manage exposure to equity risk for between 0% and 90% of the Sub-Fund"s net assets by implementing hedging strategies via trading on options and futures markets. More specifically, the implementation of hedging intended to maintain exposure to equity risk at between 0% and 90% is determined on a discretionary basis by the management team depending on their expectations and on market conditions. The objective of the implementation of these hedging strategies is to mitigate significant equity market shocks, which means that the Sub-fund will benefit less from bullish periods. These hedging strategies also allow the management team, in a tactical and opportunistic manner, to seek to optimise the cost of hedging the portfolio. Exposure to equity markets will be achived using a core-satellite approach, with the core of the portfolio comprising index futures, North American equities that may be included in the S&P 500 index, or ETFs, and with satellites being actively managed for diversification purposes. Through this "satellite" portion, the manager may thus accentuate or mitigate certain sectoral biases according to market expectations. These investments may be made via direct investments in securities, UCIs and futures or index options. The ESG investment universe consists of short-term public debt securities (up to one year) issued by the United States, and private Investment Grade (AAA to BBB-) and High Yield (BB to CCC) debt securities. The management company may select securities from outside this ESG universe. However, it will ensure that the chosen ESG universe offers a relevant comparison for the Product's ESG rating. At least 90% of the Investment Grade debt securities and money market instruments and 75% of the High Yield debt securities and money market instruments will have an ESG rating. Although exposure will be primarily sought on equity markets, the Product may invest up to 100% of its net assets in debt securities and money market instruments denominated in dollars or other currencies. The Product will target issues from public or private issuers with a maximum residual term of 397 days for fixed-rate issues and a maximum of two years for variable-rate issues. These will be primarily "investment grade" securities, i.e. securities for which the risk of default by the issuer is the lowest (securities rated greater than or equal to BBB-, or whose short-term rating is greater than or equal to A-3 according to Standard & Poor"s or an equivalent agency, or with an equivalent internal rating assigned by the Management Company). Securities which have not been rated by a rating agency, but which have been rated as "Investment Grade" by the Management Company will be limited to 15% of the net assets. Up to 10% of the Product's net assets may also be invested in high-yield securities, i.e. speculative securities for which the risk of default by the issuer is greater (securities rated below BBB-, or whose short-term rating is below or equal to A-3 according to Standard & Poor"s or an equivalent agency, or with an equivalent internal rating assigned by the Management Company). The Product may invest up to 100% of its net assets in over-the-counter derivative instruments or financial contracts traded on a regulated or organised market for the purposes of hedging and exposure up to a limit of between 0% and 90% exposure to equity risk. The Product will not invest in embedded derivatives. In addition, the Product may invest up to 10% of its net assets in units or shares of UCIs or other eligible Investment Funds. The Product may invest up to 80% of its net assets in over-the-counter forward foreign exchange contracts in the form of total return swaps (TRS) on equities, equity indices and/or equity baskets. The expected proportion is 30%. The Product may hold securities denominated in a currency other than the dollar. In particular, it may invest in securities in euros and in Canadian dollars. These securities will be hedged against currency risk. However, up to 10% of the net assets may remain exposed to currency risk. For the purposes of efficient portfolio management and without deviating from its investment objectives, the Product may invest up to 25% of its net assets in repurchase agreements covering eligible transferable securities or money market instruments.
Инвестиционная цель
The aim of the Product, over its recommended investment period, is to provide partial exposure to the performance of North American equity markets, while hedging the equity risk at all times, completely or in part, on options and futures markets, in line with the manager"s expectations. The Product is managed actively, which means that the Manager makes investment decisions in line with the Product's investment policy with a view to achieving the Product's objectives. This active-management process entails taking decisions regarding the selection of assets, regional allocations, sectoral views and overall market exposure. The Manager is in no way limited by the composition of the benchmark index in the positioning of the portfolio, and the Product may not hold all the components of the benchmark index, or even any of the components in question at all. The fund may diverge wholly or significantly from the benchmark index or, occasionally, very little.
Основные данные
Тип доходности: |
reinvestment |
Категории фондов: |
Alternative Investments |
Страна: |
United States of America |
Branch: |
AI Hedgefonds Single Strategy |
Бенчмарк: |
56% S&P 500 Daily Hedged Euro (NR), 44% EONIA Capitalise (EUR) |
Начало рабочего (бизнес) года: |
01.10 |
Last Distribution: |
- |
Депозитарный банк: |
Edmond de Rothschild (France) |
Место жительства фонда: |
France |
Разрешение на распространение: |
Germany |
Управляющий фондом: |
Michael NIZARD, Marie de LEYSSAC, Thomas Ignaczak |
Объем фонда: |
93.21 млн
EUR
|
Дата запуска: |
03.05.2019 |
Инвестиционная направленность: |
- |
Условия
Эмиссионная надбавка: |
3.00% |
Max. Administration Fee: |
0.65% |
Минимальное вложение: |
1.00 EUR |
Deposit fees: |
- |
Комиссионные, взимаемые фондами взаимных инвестиций при погашении акций: |
0.00% |
Упрощенный проспект: |
Скачать (Версия для печати) |
Инвестиционная компания
Товарищества на вере: |
E.d.Roth. AM (FR) |
Адрес: |
Taunusanlage 16 / mainBuilding, 60325, Frankfurt am Main |
Страна: |
Germany |
Интернет: |
www.edmond-de-rothschild.com
|
Активы
Bonds |
|
45.41% |
Derivative |
|
44.89% |
Stocks |
|
5.26% |
Cash |
|
4.04% |
Другие |
|
0.40% |
Страны
United States of America |
|
95.96% |
Cash |
|
4.04% |