Fixed income markets offer a variety of opportunities across the economic cycle. However, these opportunities differ significantly depending on the environment. Benefiting from a dynamic and flexible allocation, Edmond de Rothschild Fund Bond Allocation is able to seize these opportunities.
Diversified allocation and dynamic management based on our convictions
Fund inception: 30/12/20041
Drawing on the expertise of 19 specialists in different fixed income segments
Management governed by clear investment rules
A strategy exposed to interest rate and credit risks
SFDR Classification2 Article 8
Fixed Income investing remains at the heart of the overall allocation. The recent sharp rise in yields confirms its appeal.
Benefit, through a dynamically managed conviction-based allocation, from the many opportunities offered by the various fixed income segments.
The macroeconomic environment continues to favour a flexible approach to sensitivity with a view to fully benefitting from all opportunities.
The investment team implements different strategies for these asset classes. The fund therefore benefits from market segment diversification as well as strategy diversification in the following segments: Money market, Inflation-linked bonds, Government bonds, Investment grade credit, High Yield Credit, Emerging market bonds, Convertible bonds and Financial debts.
The strategy benefits from the synergy between the following three performance drivers:
- a diversified allocation,
- the management of interest rate sensitivity and
- the selection of securities delegated to experts.
The strategy is governed by strict limits and is managed as a risk budget at the level of each segment and at the overall portfolio level. A particular focus is also placed on liquidity risk.
The risk indicator rates this fund on a scale of 1 to 7. This indicator is used to assess the level of risk of this product in comparison to other funds and a category 1 rating does not mean that the investment is risk free. In addition, it indicates the likelihood that this product will incur losses in the event of market movements or our inability to pay you.
This indicator assumes that you hold the product until the end of the recommended holding period of this fund. The actual risk may be very different if you choose to exit before the end of the recommended holding period of this Fund.
The risks described below are not exhaustive.
Risk of capital loss: The sub-fund is not guaranteed or protected. This means that the capital initially invested may not be returned in full even if subscribers hold their units over the entire recommended investment period.
Credit risk: The main risk is default by the issuer, either in terms of the non-payment of interest and/or the non redemption of capital. Credit risk is also linked to any deterioration in the creditworthiness of an issuer. The holder will note that the sub-fund’s net asset value is likely to fall in the event a total loss is recorded on an operation following the default of a counterparty.
Credit risk related to investing in high-yield securities: The sub-fund may invest in the issues of countries or companies that are rated outside the “investment grade” category according to a rating agency (rating below BBB- on Standard & Poor’s scale or an equiv-alent rating of another independent rating agency) or deemed equivalent by our investment firm. These speculative grade issues carry a higher risk of issuer default. This sub-fund must therefore be considered as partly speculative and addressing more specifically investors aware of the risks inherent in investing in these securities. As such, the use of “high-yield” securities (speculative-grade securities for which the issuer’s de-fault risk is higher) could lead to a bigger risk of decline in net asset value.
Interest rate risk: Exposure to fixed income products makes the sub-fund sensitive to interest rate fluctuations. Interest rate risk relates to a potential fall in the value of a security and therefore in the net asset value of the sub-fund in the event of a change in the yield curve
1. The Sub-Fund was created on 17/11/2016 following the merger by absorption of the French fund Edmond de Rothschild Bond Allocation.
2. The investment policy of a fund may change over time and therefore potentially result in a change in its classification under the Sustainable Finance Disclosure Regulation (SFDR). If you have any doubts about a fund’s SFDR classification, please contact your usual adviser. Article 8 SFDR: Article 8 fund under the Sustainable Finance Disclosure Regulation (SFDR): funds that promote environmental or social characteristics.
This document is issued by Edmond de Rothschild Asset Management (France). This document is not legally binding. It is intended solely for information purposes. Any reproduction or use of all or part of its content is strictly prohibited without the authorisation of the 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. The Edmond de Rothschild Group may not be held liable for any investment or divestment decision made on the basis of the information contained in this document. This document has not been reviewed or approved by a regulator in any jurisdiction. The regulations on how an investment vehicle may be marketed vary by country. The UCIs presented herein may not be authorised for marketing in your country of residence. If you have the slightest doubt regarding your ability to subscribe to this UCI, we recommend that you speak to your usual advisor. The figures, comments, forecasts and other elements contained in this presentation reflect the views of the Edmond de Rothschild Group concerning the markets, their trends and regulations, in light of its expertise, the economic context and the information currently available. They may no longer be relevant at the time the investor reads them. As a result, the Edmond de Rothschild Group cannot be held liable for the quality or accuracy of information and economic data coming from third parties. name of the asset management entities (including branches and subsidiaries) of the Edmond de Rothschild Group. Every investment carries specific risks. Investors should therefore ensure the suitability of any investment with respect to their personal circumstances, and when necessary seek independent advice. Furthermore, investors are advised to read the key information document (KID) and/or any other document required under local laws that is provided before subscription and available in French and English on the website under “Fund Center” or upon simple request free of charge. A summary of investors’ rights in French and English is available at the following link.
The management company may decide to cease marketing this Fund in accordance with Article 93a of Directive 2009/65/EC and Article 32a of Directive 2011/61/EU. Edmond de Rothschild Asset Management» or «EdRAM» is the trade name of the asset management entities of the Edmond de Rothschild Group. Edmond de Rothschild Fund Bond Allocation is registered under CNMV number 229. Source of information: unless otherwise indicated, the sources used in this document are those of the Edmond de Rothschild Group. Copyright Edmond de Rothschild. All rights reserved.
GLOBAL DISTRIBUTOR AND SUB INVESTMENT MANAGER:
Edmond de Rothschild Asset Management (France)
47 rue du Faubourg Saint-Honoré / FR - 75401 Paris Cedex 08
Public limited company with Management Borad and Supervisory Board and a capital of 11,033,769 euros
AMF approval number GP 04000015 332.652.536 R.C.S. Paris
MANAGEMENT COMPANY:
Edmond de Rothschild Asset Management (Luxembourg)
4 rue Robert Stumper / LU – 2557 Luxembourg
REPRESENTATIVE AND PAYING AGENT IN SWITZERLAND
EDMOND DE ROTHSCHILD (SUISSE) S.A.
Rue de Hesse 18 / CH - 1204 Geneva
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The regulations in each country regarding the marketing of a financial instrument vary depending on the country and your status (especially whether you are a professional client or equivalent). If you have any doubts about the marketing capability of this investment fund, we invite you to contact your usual advisor. No investment fund may be offered to a person if the law of their country of origin or any other country relevant to them or the product prohibits it. The content of the website has not been reviewed or approved by a regulator of any jurisdiction.
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The approved prospectuses and key information documents (KID) from the relevant country's regulator for the presented investment funds are freely available on the website. Other regulatory documents are available from the product’s management company. Any subscription to an investment fund or product should only be made after reviewing the relevant regulatory documents.
Edmond de Rothschild Asset Management (France) may receive commission rebates from entities of the Edmond de Rothschild Group in its capacity as the global distributor of investment funds. These rebates compensate Edmond de Rothschild Asset Management (France) for selecting and distributing the funds and represent part of the commissions stipulated in the fund’s prospectus (up to 50% of these commissions).
Absence of insurance or guarantee
All data and documents have been obtained from sources deemed reliable. However, the accuracy of this data and documents is not guaranteed. The data, comments, and analyses provided on this website reflect the opinion of the Edmond de Rothschild Group and its affiliated entities on markets, their developments, their regulation, and their taxation. This opinion is based on their expertise, economic analyses, and the information available to them at present. These data, comments, and analyses are subject to change without notice. The information provided on this website does not constitute any commitment or guarantee from the Edmond de Rothschild Group and its affiliated entities.
Risk Information
"Any investment carries specific risks. Potential investors should first consult their provider or advisor to form their own opinion on the risks inherent to each investment independently of the Edmond de Rothschild Group and its affiliated entities, in order to determine whether this investment is suitable for their financial and personal situation. Before making any investment decision, investors must review the relevant contractual documents, particularly the investment policies and risk factors. They must ensure they fully understand the risks associated with the investment and should also consider their own investment objectives and risk tolerance.
Risk of capital loss: There is a risk that investors may not recover the full amount invested.
Investment performance information
Past performance and volatility are not indicative of future performance and volatility and are not constant over time and may be independently affected by exchange rate fluctuations.
The indicated performances do not take into account costs and fees incurred during the issuance and redemption of shares but include ongoing fees, brokerage fees, and any performance fees charged. They also do not take into account any taxes imposed by the investor's country of residence.
The reference to a ranking or an award does not imply future rankings or awards for the financial instruments or the manager. If the figures expressed on this site are in a currency different from the country in which the investor resides, the gains received by the client may be increased or reduced depending on currency exchange fluctuations.
Legal Notices/Roles and Responsibilities
Edmond de Rothschild Asset Management (France) is a public limited company with an executive board and supervisory board, with a share capital of €11,033,769, headquartered at 47 rue du Faubourg Saint-Honoré, 75008 Paris, France. The company is registered with the Paris Trade and Companies Register under number 332 652 536 as a portfolio management company authorized by the Autorité des Marchés Financiers under number GP-04000015. Telephone: +33 1 40 17 25 25.
The publication director is Mr. Christophe Caspar, in his capacity as Head of the Group's Asset Management. The editor responsible for the Asset Management section of this website is Mr. Bruno Major, Marketing Director.
The website is hosted by Umbraco Cloud via Microsoft Azure, with the data center located in the Netherlands.
"Edmond de Rothschild Asset Management" or "EdRAM" is the trade name of the asset management entities (including subsidiaries and affiliated entities) of the Edmond de Rothschild Group. This name also refers to the Asset Management division of the Edmond de Rothschild Group.
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Consult the personal data protection charter.
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The personal data collected from the website will be subject to automated processing by Edmond de Rothschild Asset Management (France), the data controller, whose contact details are Client Service - 47 rue du Faubourg Saint-Honoré, 75008 Paris, "clientservice-am-fr@edr.com". The contact details of its Data Protection Officer are as follows: DPO Edmond de Rothschild (France), 47 rue du Faubourg Saint-Honoré, 75008 Paris, "DPO@edr.com".
This processing is intended to adapt the website content according to local business rules and to compile anonymized statistics. The personal data collected in the context of this processing is mandatory as it allows access to the website and content tailored to the profile of the visitors. For more information on how your data is processed, please refer to our Personal Data Protection Charter and Cookie Policy.
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Important Information
Access to the Website
This section of the website is intended for non-professional investors, as opposed to professional investors as defined by Directive 2014/65/EU, known as the "MiFID Directive."
The content of this website has no contractual value and is designed exclusively for informational purposes.
This website is not intended for individuals in jurisdictions where the publication of or access to the website is prohibited due to their nationality or place of residence. Individuals affected by such prohibitions must not access this website. Individuals accessing the website acknowledge that they are solely responsible for complying with the laws and regulations applicable in their country of residence and/or nationality. In case of doubt, they should seek advice from their tax advisor, lawyer, and/or independent financial advisor.
Absence of Advice or Offer
The information on this website should not be considered as an offer or solicitation to engage in a transaction in a jurisdiction where such an offer or solicitation would be illegal or where the person making such an offer or solicitation is not authorized to act. The information on this website is provided solely for informational purposes and does not constitute active advertising/marketing, a personal recommendation, or investment advice. This information is not exhaustive, may change over time, and may be updated by the Edmond de Rothschild Group without notice and at any time.
This website is not intended for citizens or residents of the United States of America or for "U.S. Persons" as defined by Regulation S of the U.S. Securities Act of 1933. No investment product presented here is authorized for sale under the U.S. Securities Act of 1933 or any other regulations applicable in the United States. Therefore, no investment product may be offered or sold directly or indirectly in the United States of America to U.S. residents, U.S. citizens, or "U.S. Persons."
Regulations in each country regarding the marketing of a financial instrument vary depending on the country and your status (particularly as a non-professional client or equivalent). If you have any doubts about the marketing capability of this investment fund, we invite you to contact your usual advisor. No investment fund may be offered to a person if the law of their country of origin or any other relevant country prohibits it. The content of the website has not been reviewed or approved by any regulator of any jurisdiction.
You are solely responsible for selecting your country of nationality or residence and choosing the website for your country. You declare that this choice complies with all laws and regulations applicable to your country of nationality or residence; otherwise, this choice is made under your sole responsibility.
Regulatory Information
The prospectuses and KIDs (key information documents) approved and/or referenced by the regulator of the relevant country for the presented investment funds are freely accessible on the website. Other regulatory documents are available from the product’s management company. Any subscription to an investment fund or product should be made only after reviewing the relevant regulatory documents.
Edmond de Rothschild Asset Management (France) may receive commission rebates from entities of the Edmond de Rothschild Group in its capacity as the global distributor of investment funds. These rebates compensate Edmond de Rothschild Asset Management (France) for selecting and distributing the funds and represent part of the commissions specified in the fund’s prospectus (up to 50% of these commissions).
Absence of Insurance or Guarantee
All data and documents have been obtained from sources deemed reliable. However, the accuracy of this data and documents is not guaranteed. The data, comments, and analyses provided on this website reflect the opinion of the Edmond de Rothschild Group and its affiliated entities on markets, their development, regulation, and taxation. This opinion is based on their expertise, economic analyses, and the information available to them as of today. These data, comments, and analyses are subject to change without notice. The information provided on this website does not constitute any commitment or guarantee from the Edmond de Rothschild Group and its affiliated entities.
Risk Information
"All investments involve specific risks. Any potential investor should first consult their provider or advisor to form their own opinion on the risks inherent in each investment independently of the Edmond de Rothschild Group and its affiliated entities in order to determine whether this investment is suitable for their financial and personal situation. Before making any investment decision, investors must review the relevant contractual documents, particularly the investment policies and risk factors. They must ensure that they fully understand the risks associated with the investment and also consider their own investment objectives and level of risk tolerance.
Risk of capital loss: There is a risk that investors may not recover the full amount invested.
Investment Performance Information
Past performance and volatility do not predict future performance and volatility, and they are not constant over time and may be independently affected by exchange rate fluctuations.
The indicated performances do not account for costs and fees incurred during the issuance and redemption of shares but include ongoing fees, brokerage fees, and any performance fees charged. They also do not account for taxes imposed by the investor's country of residence.
The reference to a ranking or award does not imply future rankings or awards for the financial instruments or the manager. If the figures expressed on this website are in a currency different from the investor's country of residence, the gains received by the client may increase or decrease depending on currency exchange rate fluctuations.
Legal Notices/Roles and Responsibilities
Edmond de Rothschild Asset Management (France) is a public limited company with an executive board and supervisory board, with a share capital of €11,033,769, headquartered at 47 rue du Faubourg Saint-Honoré, 75008 Paris, France. The company is registered with the Paris Trade and Companies Register under number 332 652 536 as a portfolio management company authorized by the Autorité des Marchés Financiers under number GP-04000015. Telephone: +33 1 40 17 25 25.
The publication director is Mr. Christophe Caspar, in his capacity as Head of the Group's Asset Management. The editor responsible for the Asset Management section of this website is Mr. Bruno Major, Marketing Director.
The website is hosted by Umbraco Cloud via Microsoft Azure, with the data center located in the Netherlands.
"Edmond de Rothschild Asset Management" or "EdRAM" is the trade name for the asset management entities (including subsidiaries and affiliated entities) of the Edmond de Rothschild Group. This name also refers to the Asset Management division of the Edmond de Rothschild Group.
Personal Data Protection and Cookies
Consult the personal data protection charter.
Consult the cookie policy.
The personal data collected from the website will be subject to automated processing by Edmond de Rothschild Asset Management (France), the data controller, whose contact details are Client Service - 47 rue du Faubourg Saint-Honoré, 75008 Paris, "clientservice-am-fr@edr.com." The contact details of the Data Protection Officer are: DPO Edmond de Rothschild (France), 47 rue du Faubourg Saint-Honoré, 75008 Paris, "DPO@edr.com."
This processing is intended to adapt the website content according to local business rules and to compile anonymized statistics. The personal data collected in this context is mandatory as it allows access to the website and content tailored to the profile of visitors. For more information on the processing of your data, please refer to our Personal Data Protection Charter and Cookie Policy.
Applicable Law
The use of this website and these terms are governed by French law. Any dispute related to the application of these terms and the use of the website falls under the jurisdiction of the French courts.
Hyperlinks
It is prohibited to create hyperlinks pointing to this website without the knowledge of the Edmond de Rothschild Group.
Before setting up such links, you must request permission from the Edmond de Rothschild Group. Your request should be addressed to the Marketing Department, 47 rue du Faubourg Saint-Honoré, 75401 Paris, Cedex 08, France, or via the following email address: info@edram.fr.
Copyright
Edmond de Rothschild Group. Any total or partial reproduction of the content of these pages is prohibited, subject to the restrictions outlined below. The pages of the website may be downloaded to disk or printed for personal use, provided that this notice is copied on each copy, no modifications are made to these pages, and no part of these pages is used in another work or publication in any format. It is also prohibited to distribute or copy any part of these pages for commercial purposes.
Technical Warning
The user of the website acknowledges that they have the necessary skills and means to access and use this website. In this regard, the user acknowledges having verified that the IT configuration used is free of viruses and is in proper working condition. Furthermore, before using the website, the user acknowledges ensuring that the browser used allows secure access to the website. The website is accessible 24 hours a day, 7 days a week, except in cases of force majeure, technical and/or IT difficulties, telecommunications difficulties, and/or maintenance. The website owner disclaims any liability for technical defects that may be detected while using the website. The website owner takes all possible measures, within the scope of a general obligation of means, to provide users with a secure website.
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