
Funds in Focus
Five things worth knowing about Carmignac Emergents

Our long only, flagship Emerging Market equity fund that combines our core positioning as an Emerging Markets specialist since 1989 with our responsible investment credentials.

A selective, high conviction approach (50 stocks, 84% active share1) focusing on winners of the digital revolution and beneficiaries of long-term demographic trends within Emerging Markets.

A 5-year track record with Xavier Hovasse as lead Fund Manager, recently joined by Haiyan Li Labbé, both with more than 20 years of experience in Emerging Markets.

A socially responsible fund classified as Article 82 and accredited with multiple sustainability labels (French “Label ISR” in January 2019; Belgian “Towards Sustainability” in February 2020)

Good resilience in down markets, with top quartile risk-adjusted return and rankings versus its reference indicator and peers4, over 1 year, 3 years and 5 years.

An impressive track record over the short, medium and long-term
On 3rd February 2021, Carmignac Emergents celebrated its 24th anniversary with an impressive track record and strong 2020 performance: the Fund delivered +44.7% last year, significantly outperforming its Morningstar category and its reference indicator (by 38% and 36% respectively)4.

Reference indicator: MSCI EM (EUR) reinvested net dividends. Past performance is not necessarily indicative of future performance. Performances are net of fees (excluding possible entrance fees charged by the distributor). The return may increase or decrease as a result of currency fluctuations. Source: Carmignac, 31/12/2020.
The Fund currently ranks in the 1st quartile of its Morningstar category for its Return, Information ratio, Sharpe ratio, Sortino ratio and Calmar ratio in 2020, over 3 years and over 5 years.

Morningstar category: Global Emerging Markets Equity Source: Carmignac, Morningstar. © 2021 Morningstar, Inc - All rights reserved. 31/12/2020. Data in EUR, A EUR Acc share class. Past performance is not necessarily indicative of future performance. Performances are net of fees (excluding possible entrance fees charged by the distributor). The return may increase or decrease as a result of currency fluctuations. Risk-free rate used: Daily capitalized EONIA. Information ratio measured against the MSCI EM NR index. Daily return used over one year, monthly for all other periods.
Sustainability, an edge for alpha generation and risk management
Socially responsible investing has been at the core of Carmignac Emergents’ philosophy for several years now:

We target companies that make a positive contribution to society or the planet, by bringing solutions to environmental and social challenges within emerging countries.

We favour companies that have a low carbon footprint or show strong commitment to reducing their negative environmental impacts5.

We actively engage with companies before the initial investment, during the holding period, if/when controversies occur and through shareholder voting6.

We have broadened the list of exclusions (on top of firm wide exclusions) based on the Fund’s philosophy, process and Fund Managers’ convictions.
For more details please refer to our SRI guidelines documents, Transparency Code and Engagement Report available in the “Responsible Investment” section of our website.
1As of 26/02/2021, the Fund held 50 holdings and had an active share of 84.23%. Portfolio composition may vary over time and without previous notice.
2Classification according to the European Sustainable Finance Disclosure Regulation (SFDR)
3For more information, visit www.lelabelisr.fr/en and www.towardssustainability.be
4Reference indicator: MSCI EM (EUR) reinvested net dividends. Morningstar category: Global Emerging Market Equity.
5The Fund aims to achieve carbon emissions 30% lower than its reference indicator (MSCI EM NR USD Index).
6We target a 100% voting participation for 2021.
2016 | 2017 | 2018 | 2019 | 2020 | 2021 (YTD) | |
---|---|---|---|---|---|---|
Carmignac Emergents A EUR Acc | +1.39 % | +18.84 % | -18.60 % | +24.73 % | +44.66 % | +2.61 % |
Reference Indicator | +14.51 % | +20.59 % | -10.27 % | +20.61 % | +8.54 % | +6.48 % |
3 years | 5 years | 10 years | |
---|---|---|---|
Carmignac Emergents A EUR Acc | +17.18 % | +12.92 % | +7.62 % |
Reference Indicator | +8.13 % | +11.37 % | +5.12 % |
Past performance is not necessarily indicative of future performance. Performances are net of fees (excluding possible entrance fees charged by the distributor). The return may increase or decrease as a result of currency fluctuations.
Source : Carmignac at 31/03/2021
Carmignac Emergents
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*For the A EUR Acc share class ISIN code: FR0010149302. Risk Scale from the KIID (Key Investor Information Document). Risk 1 does not mean a risk-free investment. This indicator may change over time.