Much broader that one might imagine at first, the Healthcare sector offers visible growth that is sustainable over the long term and not overly sensitive to short-term economic ups and downs.
We are particularly constructive over the sector’s long-term growth prospects, supported by the steady increase in healthcare expenditure and continual innovation. In the short-term, the sector’s defensive characteristics seem particularly suited to today’s highly uncertain geopolitical and economic environment.
Find out more by reading our interview with Adeline Salat-Baroux, portfolio manager of Edmond de Rothschild Fund Healthcare.
DISCLAIMER
Edmond de Rothschild Fund Healthcare is a sub-fund of the Luxembourg-registered SICAV approved by the CSSF and authorised for marketing in Austria, Belgium, the UK, France, Germany, Italy, Luxembourg, Portugal, Spain and Switzerland.
This sub-fund 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 sub-fund presented in this document does not benefit from any guarantees or protection. Therefore, the capital initially invested may not be returned in full. Equity risk: The value of a stock can fluctuate due to factors that are specific to the issuing company, as well as exogenous, political or economic factors. Changes in the equity markets can lead to significant fluctuations in net assets which can have a negative impact on the net asset value of the UCITS. Risk related to small- and mid-cap companies: The volume of listed securities on these markets is lower; both upwards and downwards market movements are therefore larger and faster than for large caps. Net asset value can therefore fluctuate rapidly and significantly. Currency risk: the capital can be exposed to the currency risk in the event that it comprises securities or investments denominated in a currency other than that of the sub-fund. Currency risk corresponds to the risk of a drop in the net asset value of the sub-fund when an investment is made in a non-euro currency and this currency falls against the euro on the forex market. Exposure to this risk can represent up to 100% of net assets. In particular, the sub-fund could be exposed to fluctuations in the British pound, the US dollar and the Swiss franc. Risk associated with investment in the health sector.
June 2022. This document is issued by Edmond de Rothschild Asset Management (France).
This document is non-binding and is for information purposes only. The reproduction or use of its content is strictly prohibited without the authorisation of Edmond de Rothschild Group. 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 does not constitute, nor shall it be interpreted as, investment, tax or legal advice or a recommendation to buy, sell or hold an investment. EdRAM shall not be held liable for an investment or divestment decision taken on the basis of this information. The UCIs presented herein may not be authorised for marketing in your country of residence. If you are uncertain about your ability to subscribe to a UCI, we recommend that you speak to your advisor. Every investment carries specific risks. Investors should ensure the suitability of the investment with respect to their personal circumstances, and when necessary seek independent advice. Furthermore, investors are advised to read the key investor information document (KIID) and/or any other document required by the local regulation that is provided before subscription and available on the website http://funds.edram.com or upon simple request free of charge. “Edmond de Rothschild Asset Management”, or “EdRAM”, is the trade name of the asset management entities of Edmond de Rothschild Group.
GLOBAL DISTRIBUTOR AND SUB INVESTMENT MANAGER
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