Carmignac Profil Réactif 100 FCP ISIN FR0010149211 Profiled management

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Recommended minimum investment horizon : 5 years

At 19/10/2017
Frédéric Leroux
Cross Asset
Pierre-Edouard Bonenfant
Multi-Strategy
  • NAV : 214.16 €
  • D-1 : -0.61 %
  • YTD : +6.68 %
  • 12 Month : +17.26 %

The complexity of the financial markets means that a multi-asset class approach is needed now more than ever.

Description

Actively managed fund, chiefly invested in selected Carmignac funds composed of international equities and bonds. With at most 100% of the fund’s net assets invested in equities. It aims to generate a positive annual return while keeping annual volatility below that of its reference indicator.

Carmignac Global Strategy September 2017

  • • The euro underwent a slight correction
  • • European equity markets outperformed
  • • US and core European yields came under pressure
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Exposure data

monthly weekly
September 2017
49.21 %
Investment rate
43.87 %
Exposure rate
0.31
Modified duration
0.27
Yield to maturity
BBB+
Avg. Rating
Week from 6 to 13 Oct 2017
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Management Comments

Global

September 2017

European equity markets outperformed developed and emerging markets thanks to the slight euro correction. In the United States, the new tax reform measures proposed by the Trump administration fuelled investor expectations, boosting the most cyclical sectors. Our equity and diversified investments therefore benefitted greatly from our allocation to Carmignac Euro-Entrepreneurs and Carmignac Euro-Patrimoine. Our emerging market funds, Carmignac Emergents and Carmignac Portfolio Emerging Patrimoine, which both outperformed their reference indicators, made a positive contribution. Our bond investments also boosted performance, with Carmignac Portfolio Capital Plus benefitting from its index strategies in particular. Our equity derivative strategies benefitted from their index exposure to the Japanese equity market. Although the economic recovery and monetary stimulus measures continue to benefit equities, we are keeping an eye on potential sources of market weakness.

Weekly

Week from 6 to 13 Oct 2017

This content is reserved to PRO SPACE members

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Legal information

The information presented above is not contractually binding and does not constitute investment advice. Past performance is not a reliable indicator of future performance. Management fees are included in performances. Investors may lose some or all of their capital, as the capital in the UCI is not guaranteed. Access to the products and services presented herein may be restricted for some individuals or countries. Taxation depends on the situation of the individual. The risks, fees and recommended investment period for the UCI presented are detailed in the KIIDs (key investor information documents) and prospectuses available on this website. The KIID must be made available to the subscriber prior to purchase.

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