Carmignac Profil Réactif 100 FCP ISIN FR0010149211 Profiled management

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Recommended minimum investment horizon : 5 years

At 25/04/2018
Frédéric Leroux
Cross Asset
Pierre-Edouard Bonenfant
Multi-Strategy
  • NAV : 213.46 €
  • D-1 : -0.13 %
  • YTD : -2.93 %
  • 12 Month : +1.78 %

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 March 2018

  • The technology sector was down
  • Oil prices rose
  • European peripheral yields eased
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Exposure data

monthly weekly
March 2018
56.99 %
Investment rate
41.18 %
Exposure rate
0.89
Modified duration
0.57
Yield to maturity
BBB+
Avg. Rating
Week from 13 to 20 Apr 2018
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Management Comments

Global

March 2018

Along with the Facebook scandal, the looming trade war between the United States and China set the tone for the month amid signs that the economic cycle is slowing. As a result, equity markets fell, with technology stocks leading the way. In this context, we suffered from the performance of our equity investments, especially through Carmignac Portfolio Investissement and Carmignac Euro-Entrepreneurs. Among our mixed investments, Carmignac Portfolio Long Short European Equity’s selection of technology stocks proved costly. At a fixed income level, Carmignac Portfolio Sécurité’s Italian and Spanish sovereign bonds boosted performance. We still believe that the markets’ current instability reflects a period of transition between two radically different situations. Such a period of fragility justifies active risk management.

Weekly

Week from 13 to 20 Apr 2018

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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