Flash Note

Chapter 4: Proof of the philosophy…is in the performance Fixed Income Views: Balancing Caution and Opportunities

31.08.2016
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Carmignac Portfolio Unconstrained Global Bond

Global, conviction-driven and flexible approach of Carmignac Portfolio Unconstrained Global Bond has borne fruit and boasts of a sturdy 5-year track record, outperforming both peer group average(1) and its reference indicator, JP Morgan GBI Index.

The 1st decile ranking over 5Y and 4-star overall Morningstar rating not only demonstrate strong outperformance amongst peer group(1) but also the ability to generate above average risk-adjusted returns.

Outperforming both peer group average and JP Morgan GBI Index

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Main risks of Carmignac Portfolio Unconstrained Global Bond

INTEREST RATE RISK
Interest rate risk results in a decline in the net asset value in the event of a variation in interest rates.

CREDIT RISK
Credit risk is the risk that the issuer may default.

CURRENCY RISK
Currency risk is linked to exposure to a currency other than the Fund’s valuation currency.

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*SRRI from the KIID (Key Investor Information Document): scale from 1 (lowest risk) to 7 (highest risk); category-1 risk does not mean a risk-free investment. This indicator may change over time.