Share Class
FR0010148981
A Fund geared for a changing world
- An international equity Fund offering an exposure to companies that thrive in an evolving global world.
- An opportunistic approach aiming at benefiting from the most promising market dynamics and trends.
Key documents
Asset Allocation
Equities97 %
Other3 %
Data as of: 28 Jun 2024.
Risk Indicator
4/7
Recommended Minimum Investment Horizon
5 years
Cumulative Performance since launch
Cumulative Performance 10 YearsCumulative Performance 5 YearsCumulative Performance 3 YearsCumulative Performance 12 Months
+ 2578.8 %
+ 99.7 %
+ 64.5 %
+ 7.3 %
+ 24.3 %
To 25/07/2024
Calendar Year Performance 2014Calendar Year Performance 2015Calendar Year Performance 2016Calendar Year Performance 2017Calendar Year Performance 2018Calendar Year Performance 2019Calendar Year Performance 2020Calendar Year Performance 2021Calendar Year Performance 2022Calendar Year Performance 2023
+ 10.4 %
+ 1.3 %
+ 2.1 %
+ 4.8 %
- 14.2 %
+ 24.7 %
+ 33.7 %
+ 4.0 %
- 18.3 %
+ 18.9 %
Net Asset Value
2041.80 €
Asset Under Management
3 662 M €
Market
Global market
SFDR - Fund Classification
Article
8
Data as of: 28 Jun 2024.
Data as of: 25 Jul 2024.
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, for the shares which are not currency-hedged. The Sustainable Finance Disclosure Regulation (SFDR) 2019/2088 is a European regulation that requires asset managers to classify their funds as either 'Article 8' funds, which promote environmental and social characteristics, 'Article 9' funds, which make sustainable investments with measurable objectives, or 'Article 6' funds, which do not necessarily have a sustainability objective. For more information please refer to https://eur-lex.europa.eu/eli/reg/2019/2088/oj.
Carmignac Investissement fund performance
Take a look at the Fund's performance supported by our Fund managers’ market commentary and strategy insight.Our monthly comments
Data as of: 28 Jun 2024.Fund management team
Kristofer Barrett
Head of Global Equities, Fund Manager
Performance commentary
- The Fund delivered a positive return, outperforming its reference indicator.
- The technology sector was the main source of performance in June as Taiwanese (TSMC) and South Korean (Samsung Electronics and SK Hynix) stocks rallied.
- US tech stocks followed suit. Not just the Magnificent 7 (Nvidia, Microsoft, Meta, etc.) but Broadcom and ServiceNow too.
- However, the portfolio’s European component lost ground due to political risks and the slump in Airbus’s share price amid supply problems and delivery delays.
Outlook strategy
- We identify promising long-term trends, especially in technology, healthcare, infrastructure and the consumer sector.
- We are continuing our strategy of diversifying the portfolio by investing all along the value chain, seizing opportunities presented by large caps as well as SMEs.
- During the month we opened three new positions in the United States: Cadence Design System, Deer & Co and O’Reilly Automotive.
- We also closed positions in Baxter International and L’Oréal, taking the total number of holdings to 71.
Performance Overview
Data as of: 25 Jul 2024.Past performance is not necessarily indicative of future performance. Performances are net of fees (excluding possible entrance fees charged by the distributor). Morningstar Rating™ : © Morningstar, Inc. All Rights Reserved. The information contained herein: is proprietary to Morningstar and/or its content providers; may not be copied or distributed; and is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.From 01/01/2013 the equity index reference indicators are calculated net dividends reinvested. The return may increase or decrease as a result of currency fluctuations, for the shares which are not currency-hedged.
Source: Carmignac at 27/07/2024
Carmignac Investissement Portfolio overview
Below is an overview of the composition of the portfolio.Geographical Breakdown
Data as of: 28 Jun 2024.| North America | 59.0 % |
| Europe | 19.3 % |
| Asia | 18.2 % |
| Latin America | 1.8 % |
| Asia-Pacific | 1.7 % |
| Total % Equities | 100.0 % |
North America59.0 %
 USA | 57.4 % |
 Canada | 1.7 % |
Key figures
Below are the key figures for the Fund, which will give you a clearer idea of the Fund's management and equity positioning.Exposure Data
Data as of: 28 Jun 2024.Equity Investment Weight97.0 %
Net Equity Exposure97.0 %
Number of Equity Issuers71
Active Share75.2 %
The strategy in a nutshell
Discover the Fund’s main features and benefits through the words of the Fund Manager.Fund Management Team
Kristofer Barrett
Head of Global Equities, Fund Manager
Since its creation in 1989 by Edouard Carmignac, our Investissement strategy seeks to identify long-term trends in a changing world and seize global equity market opportunities.
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Reference to certain securities and financial instruments is for illustrative purposes to highlight stocks that are or have been included in the portfolios of funds in the Carmignac range. This is not intended to promote direct investment in those instruments, nor does it constitute investment advice. The Management Company is not subject to prohibition on trading in these instruments prior to issuing any communication. The portfolios of Carmignac funds may change without previous notice.
The reference to a ranking or prize, is no guarantee of the future results of the UCIS or the manager.
The Fund is a common fund in contractual form (FCP) conforming to the UCITS Directive under French law.
The information presented above is not contractually binding and does not constitute investment advice. Past performance is not a reliable indicator of future performance. Performances are net of fees (excluding possible entrance fees charged by the distributor), where applicable. 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 KIDs (key information documents) and prospectuses available on this website. The KID must be made available to the subscriber prior to purchase.). The reference to a ranking or prize, is no guarantee of the future results of the UCITS or the manager.
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