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Edmond de Rothschild Prifund Gold & Precious Metals awarded 5 stars by
Morningstar
The
famous, renowned company Morningstar has awarded 5 stars to our Edmond de
Rothschild Prifund Gold & Precious Metals fund,
managed by Didrik van Zuylen,
for its performance. This excellent rating places our fund among the best
rated funds in the gold, gold mines and precious metals funds category.
The Morningstar rating is
based on the so-called “MRAR” (Morningstar Risk-Adjusted Return) method which
takes into account fluctuations in the monthly performance of the fund including
the effects of performance expenses adjusted to entry risks and buy-back expenses),
emphasising more on downward variations and
rewarding regular performance. The overall rating is a weighted average of 3,
5 and 10 year yields. The 5 stars mean that the fund is ranked in the top 10%
of its category.
The “gold” asset class is
currently a type of hedge, liquid and little correlated to the financial
markets. The investment policy of the Edmond de Rothschild Prifund Gold & Precious Metals fund concentrates primarily
on gold mines and physical gold, essentially by means of futures and
certificates. Investment in physical gold significantly reduces the
volatility of the fund. Movements in physical gold are passed on on average with a factor of 3 to 5 in terms of gold
mines. The investment process is 'bottom-up', based on a fundamental analysis
of gold mines. The fund is denominated in EUROs. The US dollar risk is hedged, however the application of a techno-quantitative
model enables the fund to benefit in an opportunistic manner from rises in
the dollar.
A graduate in Economics of
the Louvain Catholic University, Didrik van Zuylen van Nyevelt acquired
five years’ experience in trading oil products before joining the Banque Privée Edmond de
Rothschild Europe in Luxembourg in 1989. He has managed the Prifund Gold & Precious Metals fund, the top fund investing
in physical gold, for seven years.
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