Carmignac Patrimoine A EUR Acc

Performance History31/03/2020
Growth of 1,000 (GBP) Advanced Graph
Carmignac Patrimoine A EUR Acc
Fund20.34.1-10.34.4-1.9
+/-Cat1.0-4.5-4.5-1.9-
+/-B’mrk-4.4-4.9-9.7-6.74.8
 
Key Stats
NAV
02/04/2020
 EUR 596.08
Day Change -0.01%
Morningstar Category™ EUR Moderate Allocation - Global
ISIN FR0010135103
Fund Size (Mil)
02/04/2020
 EUR 9984.65
Share Class Size (Mil)
02/04/2020
 EUR 8687.00
Max Initial Charge 4.00%
Ongoing Charge
19/02/2020
  1.85%
Morningstar Research
Analyst Report

As Carmignac Patrimoine's veteran manager steps down, the new duo at the helm needs to prove that it can execute this strategy's wide-ranging process effectively and turn performance around. The strategy thus earns a Morningstar Analyst Rating of...

Click here to read this analyst report on the underlying fund.
Morningstar Pillars
PeopleNeutral
ParentNeutral
ProcessNeutral
PerformanceNegative
PriceNegative
Investment Objective: Carmignac Patrimoine A EUR Acc
The fund’s objective is to outperform its reference indicator over a recommended investment horizon of 3 years. The reference indicator is composed of the following indices: - 50% MSCI AC WORLD NR (USD) (the MSCI global international equities index), calculated with net dividends reinvested and - 50% Citigroup WGBI All Maturities Eur (the world bond index), calculated with coupons reinvested. The investment policy takes into account the principle of risk spreading by means of the diversification of investments. The allocation of the portfolio between the different asset classes and fund categories (equities, balanced, bonds, moneymarket, etc.) based on fundamental analysis of the global macroeconomic environment and of its indicators (growth, inflation, deficits, etc.) may vary according to themanager’s expectations. As the fund ismanaged on an active, discretionary basis, its asset allocation may differ substantially from that of its reference indicator.
Returns
Trailing Returns (GBP)02/04/2020
YTD-3.11
3 Years Annualised-2.46
5 Years Annualised0.47
10 Years Annualised1.62
12 Month Yield 0.00
Management
Manager Name
Start Date
David Older
22/01/2019
Rose Ouahba
02/05/2007
Inception Date
07/11/1989
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Category Benchmark
Fund BenchmarkMorningstar Benchmark
50% FTSE WGBI EUR ,  50% MSCI ACWI NR USDCat 50%Barclays EurAgg TR&50%FTSE Wld TR
Target Market
Role In Portfolio
Standalone / CoreNot Specific
ComponentNot Specific
OtherNot Specific
Primary Objective
PreservationNot Specific
GrowthYes
IncomeNot Specific
HedgingNot Specific
OtherNot Specific
Portfolio Profile for  Carmignac Patrimoine A EUR Acc29/02/2020
Morningstar Style Box®
Equity Style
Morningstar Style Box®
Fixed Income Style
Asset Allocation
  % Long% Short% Net Assets
Stock48.804.6744.13
Bond62.306.7355.57
Property0.000.000.00
Cash88.8792.28-3.40
Other3.700.003.70
Fixed Income
Effective Maturity7.66
Effective Duration4.19
Top 5 Regions%
United States54.19
Asia - Emerging18.96
Eurozone15.52
Europe - ex Euro3.75
Japan2.47
Top 5 Sectors%
Healthcare20.18
Consumer Cyclical18.60
Technology17.77
Communication Services16.79
Financial Services12.48
Top 5 HoldingsSector%
10 Year Treasury Note Future Jun... 12.18
JD.com Inc ADRConsumer CyclicalConsumer Cyclical1.94
Facebook Inc ACommunication ServicesCommunication Services1.90
Alphabet Inc ACommunication ServicesCommunication Services1.90
Italy (Republic Of) 2.5%1.83
Carmignac Patrimoine A EUR Acc

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In order to provide consistency across the report data provided by different Asset Managers, the calculated data points presented are generated using Morningstar’s proprietary calculation methodology which is set out in more detail at(https://www.morningstar.com/research/signature)

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