Carmignac Absolute Return Europe A EUR AccRegister to Unlock Ratings |
Performance History | 31/03/2024 |
Growth of 1,000 (GBP) | Advanced Graph |
Fund | 11.1 | 5.6 | -1.1 | -2.3 | 3.5 | |
+/-Cat | 2.1 | 5.5 | -0.6 | -4.7 | 1.7 | |
+/-B’mrk | 8.5 | -12.0 | 3.5 | -15.5 | -2.7 | |
Category: Long/Short Equity - Europe | ||||||
Category Benchmark: Morningstar DM Eur TME NR EUR |
Key Stats | ||
NAV 16/04/2024 | EUR 424.92 | |
Day Change | -0.27% | |
Morningstar Category™ | Long/Short Equity - Europe | |
ISIN | FR0010149179 | |
Fund Size (Mil) 16/04/2024 | EUR 222.52 | |
Share Class Size (Mil) 16/04/2024 | EUR 181.87 | |
Max Initial Charge | 9.00% | |
Ongoing Charge 16/02/2024 | 2.30% |
Investment Objective: Carmignac Absolute Return Europe A EUR Acc |
The fund aims to achieve net positive performance over the recommended investment horizon of three years. The fund pursues a long/short strategy focused on fundamentals and aimed at creating a portfolio of long and short positions in financial instruments eligible for the fund's net assets. At least 75% of the fund's net assets is invested in shares of small, mid and large-cap companies in the European Economic Area, while the remainder may be invested in shares of issuers located outside the European Economic Area. Systematic hedging (especially of PEA-eligible stocks) limits equity exposure to 50% of the fund's net assets. The fund may take short positions on underlying assets eligible for the fund to pursue relative value strategies aimed at taking advantage of the relative value between different instruments. The resultant net equity exposure may vary from -20% to +50% of the fund's net assets. |
Returns | |||||||||||||
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Management | ||
Manager Name Start Date | ||
Johan Fredriksson 01/09/2023 | ||
Dean Smith 01/09/2023 | ||
Inception Date 03/02/1997 |
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Category Benchmark | |
Fund Benchmark | Morningstar Benchmark |
Not Benchmarked | Morningstar DM Eur TME NR EUR |
Target Market | ||||||||||||||||||||
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Portfolio Profile for Carmignac Absolute Return Europe A EUR Acc | 29/02/2024 |
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Top 5 Holdings | Sector | % |
Adyen NV | Technology | 8.51 |
Carmignac Court Terme A EUR Acc | 7.51 | |
Carrefour | Consumer Defensive | 6.41 |
Sanofi SA | Healthcare | 6.24 |
Danone SA | Consumer Defensive | 5.80 |
Increase Decrease New since last portfolio | ||
Carmignac Absolute Return Europe A EUR Acc |