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Carmignac's Note
2019, or the conclusion of the three-way collision
The end of a given monetary policy stimulus unavoidably raises the cost of risk, thereby reducing price/earnings ratios
Our Insights
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![[Lettre Edouard Carmignac] [Main media] Edouard Carmignac](/uploads/article/0001/01/a86d5f15d663c68af7c180a5c11c80ff745bece2.jpeg "[Lettre Edouard Carmignac] [Main media] Edouard Carmignac")
![[Management Report] [Small Tile] Financial Chart](/uploads/article/0001/03/d9a19094338f971f46e2f2432efe10747b64090e.jpeg "[Management Report] [Small Tile] Financial Chart")
![[Web Conference] [Main Media] Equities Background](/uploads/article/0001/06/c3061e22ad79fc61bfcdec0e1baebf177a8d17af.jpeg "[Web Conference] [Main Media] Equities Background")
![[Web Conference] [Small Tile] Charles Zerah](/uploads/article/0001/06/943e13ae168984e276b63d26197a3c67581086af.png "[Web Conference] [Small Tile] Charles Zerah")
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News
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NAV & performances
At 17/12/2018. Past performance is not necessarily indicative of future performance.
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Charles Zerah - Best Fund Manager
Global, Citywire - Switzerland
April 2017 -
Carmignac Patrimoine - Best Mixed Fund - 20 years
€uro Fund Award 2018 - Germany
February 2018 -
Carmignac Portfolio Patrimoine - Best Global Asset Allocation Fund
TFF-Bloomberg Best Fund - Taiwan
March 2017
At 17/12/2018. Past performance is not necessarily indicative of future performance.
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Equity management
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NAV 1 058.66 €D-1 -2.47
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NAV 110.24 €D-1 -2.43
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NAV 770.60 €D-1 -1.06
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NAV 109.26 €D-1 -1.06
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NAV 258.60 €D-1 -1.50
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NAV 317.89 €D-1 -3.20
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NAV 145.18 €D-1 -3.10
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NAV 1 396.45 €D-1 -1.00
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NAV 183.80 €D-1 -1.63
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Mixed Management
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NAV 577.00 €D-1 -0.64
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NAV 104.83 €D-1 -0.62
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NAV 102.98 €D-1 -0.45
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NAV 371.75 €D-1 -0.42
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NAV 127.23 €D-1 -0.39
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NAV 96.59 €
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NAV 220.35 €D-1 -2.19
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NAV 93.68 €D-1 -2.21
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Fixed income management
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NAV 1 701.20 €D-1 -0.02
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NAV 103.70 €D-1 -0.02
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NAV 1 135.24 €
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NAV 1 343.96 €D-1 0.01
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NAV 3 728.82 €
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NAV 94.25 €D-1 -0.22
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Profiled management
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NAV 178.47 €D-1 -0.23
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NAV 219.50 €D-1 -0.26
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NAV 201.69 €D-1 -0.29
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Contact us
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