EdR Fund Big Data: a global equity fund with a technology tilt
Rather than being a purely technological fund, EdR Fund Big Data positions itself as an international equity fund that aims to capture the value generated by data across all sectors of the economy.
Whether it is insurers assessing risk using vast data sets, semiconductor giants such as Nvidia¹, or players specialising in the cloud, data has become the cornerstone of modern business models. As Jacques-Aurélien Marcireau², lead portfolio manager, points out, “an artificial intelligence (AI) algorithm is only as good as the quality of the data fueling it.”
Over the past ten years, this conviction has become widely acknowledged: where its relevance had to be proven in 2015, everyone now recognises the transformative nature of data and its central role in the economy. This dynamic is further enhanced by the recent emergence of generative AI.
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The information on securities should not be construed as an opinion by Edmond de Rothschild Asset Management (France) on the foreseeable performance of said securities and, where applicable, on the foreseeable performance of the price of the financial instruments they issue. This information cannot be interpreted as a recommendation to buy or sell these securities.
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The identity of the portfolio manager presented in this document may change during the life of the product.
A Strategic Asset That Goes Far Beyond Technology
A cautious approach in response to geopolitical uncertainty and market volatility
The political context and changes in the US administration call for a cautious approach. Volatility, which does not spare high potential investment thematics such as technology, requires stepping away from market noise and focusing on stocks whose growth relies on tangible fundamentals. This philosophy favors a long-term view: Nvidia, for example, has been in the portfolio since 2015 but has recently been underweighted to take into account more uncertain market conditions. The goal is not to chase stock market fads but to invest in stocks displaying a potential for intrinsic growth, regardless of market fluctuations.
“We have a strong bias towards services that generate recurring income via user subscriptions, meaning they are rather immune to the business cycle. We have therefore strengthened our positions in vertical-specific software, particularly in the insurance and healthcare sectors, ” says Jacques-Aurélien Marcireau. The healthcare sector, where the integration of generative AI is still in its infancy, offers considerable potential. Medical data remains compartmentalised for now, but its eventual unification could benefit the entire ecosystem, from patients to innovation providers. Currently, healthcare accounts for 10% of the portfolio, with players such as Illumina1, a leader in genomic sequencing.
Strict discipline on valuations and a strong European focus
Valuation remains an essential compass. Investing in innovation means accepting a degree of risk, but Edmond de Rothschild Asset Management maintains strict discipline when it comes to valuations. This pragmatic approach is part of the firm’s DNA: focusing on the long term rather than short-term performance.
Geographically, EdR Fund Big Data is currently overweight in Europe, where attractive opportunities remain. Technology stocks linked to digital sovereignty, cloud, cybersecurity and data infrastructure benefit from a favorable valuation differential compared to US giants.
Solid resilience during periods of stress
During the panic phase early this year, the fund demonstrated resilience. On the other hand, it did not fully benefit from the gains recorded by technology indices during the market rebound phase. “We fully accept this performance asymmetry, which stems from our conservative and balanced approach,” notes Jacques-Aurélien Marcireau.
Ten years after its launch, EdR Fund Big Data manages more than €2.5 billion in assets under management with a strategy implemented across several funds representing more than €3.4 billion.
Data: A Strategic Asset That Goes Far Beyond Technology
The EdR Fund Big Data fund has also posted an annualised net return of +12.46%³ since its inception in August 2015. For Edmond de Rothschild Asset Management, the conviction remains as strong as ever: data will continue to be a driving force for structural transformation, at the heart of tomorrow’s value creation.
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Source: Edmond de Rothschild Asset Management (France). Data as of September 25, 2025. Annualised performance since inception of the fund’s A-EUR share class: 12.46% vs. 11.30% for the MSCI World Index benchmark.
Disclaimer:
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This is a marketing communication. Please refer to the UCITS prospectus and the Key Information Documents before making any final investment decision.
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Past performance and volatility are not indicative of future performance and volatility, are not constant over time, and may be independently affected by changes in exchange rates. Performance data does not take into account fees and charges levied on the issue and redemption of shares.
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EdR Fund Big Data is a sub-fund of EdR Fund, a Luxembourg SICAV approved by the CSSF and authorised for marketing in France, Belgium, Austria, Switzerland, Germany, Spain, the United Kingdom, Ireland, Italy, Luxembourg, the Netherlands, Sweden, and Portugal.
Main investment risks
Risk Indicator:
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Unit A and I of this UCI are rated in category 4. 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. Equity risk: The value of a stock may change depending on factors specific to the issuer but also on exogenous, political or economic factors. The SICAV may be exposed to the equity markets either via direct investments in equities and/or via financial contracts and/or UCITS. Fluctuations of the equity markets may lead to substantial variations in the net assets which may have a negative impact on the performance of the SICAV. Risk of capital loss: The UCITS does not guarantee or protect the capital invested; investors may therefore not get back the full amount of their initial capital invested even if they hold their units for the recommended investment period. Risk from investing in small and mid cap companies: Investment in small and medium enterprises may entail greater risk than that generally deriving from investments in larger and better established enterprises. Sub-Funds which invest in smaller companies may fluctuate in value more than other Sub-Funds because of the greater potential volatility of Share prices of smaller companies. Investment in specific sectors risk: The Sub-Fund concentrates its investments in assets belonging to certain specific sectors of the economy and is therefore subject to the risks associated with concentrating investments in those sectors. Inflation risk: The characteristics of the mutual fund do not protect investors from the potential impact of inflation during the investment period in the mutual fund. Thus, the amount invested in principal and any income received during the period will not be adjusted for inflation over that same period. Consequently, the actual performance of the mutual fund, i.e., the net performance of the mutual fund adjusted for inflation, could be negative.
October 2025. Non-contractual document designed for information purposes only. Reproduction or use of its contents is strictly prohibited without the permission of the Edmond de Rothschild Group. The information contained in this document does not constitute an offer or solicitation to trade in any jurisdiction in which such offer or solicitation is unlawful or in which the person making such offer or solicitation is not qualified to act. This document does not constitute and should not be construed as investment, tax or legal advice, nor as a recommendation to buy, sell or continue to hold any investment. The Edmond de Rothschild Group shall not be held liable for any investment or divestment decision taken on the basis of the information contained in this document. The funds presented may not be registered and/or authorized for sale in your country of residence. If you have any doubts about your ability to subscribe to this fund, please contact your professional advisor. The figures, comments, forward looking statements and other information contained in this presentation reflect the Edmond de Rothschild Group’s view of the markets, their development and their regulations, taking into account its expertise, the economic context and the information available to date. They may no longer be relevant on the day the investor reads them. Consequently, the Edmond de Rothschild Group shall not be held responsible for the quality or accuracy of economic information and data obtained from third parties. Any investment involves specific risks. Investors are therefore advised to ensure that any investment is suitable for their personal circumstances by seeking independent advice where appropriate. In addition, investors should read the Key Information Documents (KID) and/or any other document required by local regulations, which is provided prior to any subscription and is available in French and in English on the website www.edmond-de-rothschild.com under the “Fund Center” tab or free of charge on request. 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. Source of information: Unless otherwise indicated, the sources used in this document are those of the Edmond de Rothschild Group.
For EU investors: This document is issued by Edmond de Rothschild Asset Management (France); 47, rue du Faubourg Saint-Honoré; 75401 Paris Cedex 08; Public limited company with a Management Board and Supervisory Board and a capital of 11,033,769 euros; AMF approval number GP 04000015, 332.652.536 R.C.S. Paris. A summary of investors’ rights in English and French can be obtained at the following link: www.edmond-de-rothschild.com/media/no2ncu1s/edram-luxembourg-en-investors-rights.pdf. In Spain, the SICAV is registered at the CNMV under number 229.
For Swiss Investors: This marketing material is issued by Edmond de Rothschild (Suisse) S.A. located at 18 rue de Hesse, 1204 Geneva, Switzerland, a Swiss bank authorised and regulated by the Swiss Financial Market Supervisory Authority (FINMA). The “Edmond de Rothschild Fund” sub-funds mentioned in this material are sub-funds of the Edmond de Rothschild Fund SICAV, which are organized under the laws of Luxembourg, and have been approved to be offered to non-qualified investors in Switzerland by the FINMA. REPRESENTATIVE AND PAYING AGENT IN SWITZERLAND: Edmond de Rothschild (Suisse) S.A.; rue de Hesse 18 ; 1204 Geneva.
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GLOBAL DISTRIBUTOR & DELEGATED FINANCIAL MANAGER: EDMOND DE ROTHSCHILD ASSET MANAGEMENT (FRANCE) 47 rue du Faubourg Saint-Honoré / FR – 75401 Paris Cedex 08 Public limited company with a Management Board 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 www.edmond-de-rothschild.com
