Our funds
RMM Actions USA
Net Asset Value
556.91 €
(09/09/2024)
AUM (fund)
211.2 M €
(09/09/2024)
Performance
+15.36 %
(YTD) (09/09/2024)
Recommended investment horizon
5 years
Risk scale
5/7
Investment objective
RMM Actions USA's investment objective is to outperform the Standard & Poor's 500 DNR Index by maintaining a minimum of 75% of its assets in the US equity market.
Change in Net Asset Value
Past performance does not indicate future performance, and is not constant over time. Performance indicated is net of fees, calculated in the reference currency of the unit.
Performance by calendar year
This chart shows the fund’s performance as the percentage loss or
gain per year over the last 10 years against its benchmark.
It can help you to assess how the fund has been managed in the past and compare it to its benchmark
Inception date of the unit/share :
28/02/2020
Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past. Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.
* The Fund’s performance is calculated with net coupons reinvested. Conversely, that of the benchmark does not take into account revenue distributed. This sub-fund of the SICAV resulted from the merger by absorption of the R-co Conviction USA FCP on 28 February 2020. C units of the FCP were created on 16 November 2005 and became C EUR shares of this sub-fund.
Performance as of 09/09/2024
| Cumulative performance | Annualised performance | |||||||
|---|---|---|---|---|---|---|---|---|
| 10 years | 5 years | 3 years | 1 year | YTD | 1 month | 10 years | 5 years | 3 years |
| 154.29% | 77.44% | 30.02% | 19.84% | 15.36% | 1.18% | 9.77% | 12.14% | 9.14% |
| 286.29% | 98.98% | 36.76% | 20.72% | 15.89% | 1.36% | 14.46% | 14.74% | 10.99% |
RMM Actions USA C EUR
100% S&P 500 TR
Past performance does not indicate future performance, and is not constant over time. Performance indicated is net of fees, calculated in the reference currency of the unit.
Risk indicators as of 09/09/2024
| Volatility | Ratios | ||||
|---|---|---|---|---|---|
| Fund | Reference index | Tracking-error | Information ratio | Sharpe ratio | |
| 1 year | 11.67% | 11.90% | 0.96% | -1.1609 | 1.3707 |
| 3 years | 15.42% | 15.15% | 1.41% | -0.775 | 0.4851 |
Comments
31/08/2024
Continued upward trend in US indices in August with two trends: a sharp decline at the beginning of the month and then a rise to finish higher: S&P500 +2.3%
In July, the fund performed in line with its index.
The Alpha allocation was impacted by the following stocks:
o Positive contributions: no style dominance this month
? Nike: benefited from the good performance of US retail sales in August and a positive effect of the Olympics on the stock’s perception
? TMobile: the telecom operator benefited from the rotation towards more defensive stocks but also from its good Q2 results, which still showed growth in its mobile and internet subscribers.
? Mercadolibre: the “Amazon” of Latin America continues to benefit from the improvement in the economic situation in Brazil, Mexico and Argentina with an acceleration in its quarterly sales.
o Negative contributions
? The growth sphere underperformed overall: Micron and Amazon were the biggest detractors over the month
? Schlumberger: the leader in oil services was impacted by the drop in oil prices and doubts about future development projects in the Middle East.
? Disney: the results publication was not reassuring, with a Park business suffering from the US economic slowdown; the good news came from Disney+, which posted positive net income one quarter ahead of forecasts
In terms of movements, we took advantage of the drop in the indices at the beginning of the month to strengthen the positions in Nike, Amazon, Micron, Disney and Conocophilips. In addition, Uber was reintroduced into the Alpha allocation and Mercadolibre was sold.
Summary Risk Indicator
- 1
- 2
- 3
- 4
- 5
- 6
- 7
Lower risk
Higher risk
Managers
Features
- ISIN code : FR0011212547
- Legal form : SICAV
- AMF Classification : International equities
- Inception date : 28/02/2020
- Management company : Rothschild & Co Asset Management
- Custodian : Rothschild Martin Maurel
- Dividend Policy : Accumulation
- Reference indicator : 100% S&P 500 TR
- Valuation : Daily
- Latest time for subscriptions-redemptions : 12:00pm
- Applicable Net Asset Value : Next NAV
- Settlement (Settlement date) : NAV + 3
- Minimum initial subscription : 1 equities
- Subsequent subscriptions : 1/10000th equities
- Management fees (maximum) : 1.495%
- Entry fee (maximum) : 3%
- Exit fee (maximum) : None
- Performance fee : None