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Edmond de Rothschild Prifund Inflation Linked Bonds recognised
by Lipper
The
Banque Privée Edmond de
Rothschild Europe was awarded the prestigious Lipper Fund Award on 30th April
last for the remarkable performance of its Edmond de Rothschild Prifund Inflation Linked Bonds investment fund for three
and five year horizons, managed by David Diwan,
CFA. The Award relates to the Netherlands category of European inflation
linked bond funds.
The Lipper Fund Awards form
part of the Thomson Reuters Awards for Excellence, a global family of awards recognising investment funds which have posted sound risk
adjusted yields on a regular basis in comparison with their peers over
periods of three, five and ten years. Lipper is based on predefined
assessment criteria; to win an Award a fund must be registered in the country
concerned, be at least three years old and of course achieve
the investment targets set by the manager.
The objective of the Edmond
de Rothschild Prifund Inflation Linked Bonds (EUR) A Cap sub-fund is to
secure optimum capital growth in the long term by investing primarily in
inflation linked bonds throughout the world.
Given the recent rise in inflation in the Euro zone (2.8% in March),
and concerns over the sharp rise in oil and agricultural commodity prices,
investors are increasingly turning to inflation linked bonds. The attraction of these instruments lies in
their actual yields which take into account future rises in inflation levels,
thus protecting the purchasing power of the coupons and the bond’s capital in
the future. Against a backdrop of historically low interest rates and growing
budget deficits, inflation linked bonds enable investors to buy highly
liquid, ‘AAA’ rated government paper without the constraints of traditional
government bonds.
A brilliant graduate of the
University of Western Ontario and McGill University in Canada, David Diwan, CFA, has acquired 17 years of experience as a bond
fund manager which has enabled him to achieve these objectives and win this
prestigious award.
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