Edmond de Rothschild AM launches a new fund to take advantage of the changing geopolitical environment
21 MAY, 2025
In an environment marked by increasing geopolitical and economic tensions as well as climate disruptions, the resilience of companies is becoming a strategic issue. The new global equity fund launched by the manager Edmond de Rothschild AM, Edmond de Rothschild AM launches the EdR SICAV Global Resilience, is designed to take advantage of the changing geopolitical environment and seize the growth opportunities that arise.
To achieve this, the EdR SICAV Global Resilience invests in companies that meet the vital needs of today's society. Thanks to their structural advantages, the selected companies share an ability to absorb shocks, protect their value chains and remain indispensable, whatever the turbulence.
4 strategic pillars of the fund
The fund, managed by Aymeric Gastaldi and Christophe Foliot, both equity managers at Edmond de Rothschild AM, is structured around four main strategic pillars, which reflect the themes identified by the team as those that structure tomorrow:
- Cybersecurity and defense: the exogenous threats to modern economies and social systems increasingly depend on a more secure cyber infrastructure. This pillar includes cybersecurity software providers, who identify threats in the early stages, secure sensitive data and protect computer systems. The fund also invests in defense, a booming sector after 30 years of scant investment.
- Critical infrastructures: the modernization and transformation of critical infrastructures is necessary to meet the constant changes in demand in terms of vital needs and supply chain relocation. Companies that develop critical infrastructures for secure access to basic needs will be one of the investment targets.
- Security and protection: there is a need for personal protection systems and preventive healthcare capabilities. This pillar focuses on companies that develop crucial security devices for personal protection, as well as those that innovate in healthcare, such as preventive medicine and healthcare equipment to deal with possible health crises.
- Strategic Resources: this pillar is aimed at companies committed to energy independence and reducing dependence on foreign resources. It supports innovations in energy efficiency and technological advances, especially in agriculture.
With about fifty values in the portfolio, the fund benefits from a rigorous selection process based on four filters:
- Financial solidity: low leverage, positive cash flow and dividends.
- Vertical integration: ability to control the value chain (supply, production, distribution).
- Solid and structural growth: sales growth even in difficult macroeconomic conditions.
- Operational resilience: no exposure to countries with weak governance, low exposure to exports and tariff risk.
In this way, the fund aims for a double alignment in terms of resilience: presence in critical sectors and intrinsic characteristics of the company.
At a time when globalization is giving way to an era of fragmentation, tensions and systemic ruptures, resilience is becoming a central criterion for value creation. In this new cycle, companies capable of making our societies safer, more functional and better prepared for economic, political and technological shocks will be, in our opinion, those that generate the most long-term value. This conviction is behind the launch of the EdR SICAV Global Resilience.
Aymeric Gastaldi, senior manager of the EdR SICAV Global Resilience
This new strategy completes our range of thematic equity funds, the first of which was launched 40 years ago. Since then, and through the different strategies we have offered, we have consistently contributed to addressing the challenges facing our society and supporting the main trends shaping the economy. With Global Resilience, our House offers a solution aligned with these objectives, and which seeks, through strategic assets, to make society stronger and more resilient.
Jacques-Aurélien Marcireau, co-head of equity at Edmond de Rothschild AM
