Carmignac P. Long-Short European Equities : February 2022 Update
Portfolio News
The Long book had a negative contribution to performance.
The Short book had a positive contribution to performance.
Performance - F EUR Acc shareclass
February 2022 (1) | YTD (2) | 1 Year (2) | 3 Years (2) | 5 Years (2) |
---|---|---|---|---|
-0.78% | -1.79% | 10.09% | 7.07% | 8.29% |
(1)Net of fees. (2)Annualised return
Source: Carmignac, 28/02/2022. Past performance is not necessarily indicative of future performance. Performance are net of fees (excluding possible entrance fees charged by the distributor). The return may increase or decrease as a result of currency fluctuations. The fund presents a risk of capital loss.
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Long Book
Largest Sector Allocations: Cons. Discretionary and Technology
Largest Holdings: Puma, Hella GmbH and Prada
Top Contributor: Orsted
Top Detractor: Puma
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Short Book
Largest Sector Allocations: Technology and Cons. Discretionary
Largest Holdings: United Microelectronics, Wartsila and Autostore
Top Contributor: Roblox
Top Detractor: Autostore
Notable portfolio moves
Long Reinforcements: Nestlé (1.8%), Aegon (1.2%)
New Longs: Orsted (0.9%), CrowdStrike (0.6%)
Short Reinforcements: United Microelectronics Corp (1.1%)
New Shorts: Wartsila (1.1%), Grab Holdings (0.6%)
Net Exposure: 6% - Slight decrease
Number of Holdings: - 87
Net Equity Exposure : 6%
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. Portfolio holdings are subject to change and should not be considered a recommendation to buy or sell individual securities. Source: Carmignac, 28/02/2022
Strategy reminder
Investment Objective: The fund seeks to achieve a positive absolute return over a 3-year investment horizon through capital growth.
European fundamental long/short strategy
100% bottom-up and High Conviction: 40 to 60 stocks on average
SFDR Article 8 Strategy ** with a fully integrated SRI & low carbon approach
Dynamic and flexible market exposure -> Net Exposure limits [-20%; +50%]
A 6-year track record with Malte Heininger as Lead PM
Other investment restrictions apply. Please refer to the fund documentation for a complete description of the fund. ** SFDR Fund Classification: Article 8 starting 1st January 2022. Sustainable Finance Disclosure Regulation (SFDR) 2019/2088. For more information please refer to EUR-lex
Carmignac Portfolio Long-Short European Equities F EUR Acc
2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
2024 (YTD) ? Year to date |
|
---|---|---|---|---|---|---|---|---|---|---|---|
Carmignac Portfolio Long-Short European Equities F EUR Acc | +2.34 % | -7.67 % | +9.99 % | +16.73 % | +5.15 % | +0.32 % | +7.42 % | +13.57 % | -5.72 % | +0.72 % | +16.89 % |
Scroll right to see full table
3 Years | 5 Years | 10 Years | |
---|---|---|---|
Carmignac Portfolio Long-Short European Equities F EUR Acc | +3.18 % | +6.46 % | +5.67 % |
Scroll right to see full table
Source: Carmignac at
Maximum subscription fees paid to distributors : | 0,00% |
Redemption Fees : | 0,00% |
Ongoing Charges : | 1.15% |
Conversion Fee : | 0% |
Management Fees : | 0,85% |
Performance Fees : | 20,00% |
From 1 January 2022, The Sub-Fund's investment objective is an absolute performance objective. 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. The fund presents a risk of capital loss.
Carmignac Portfolio Long-Short European Equities F EUR Acc
Recommended minimum investment horizon
Lower risk Higher risk
Potentially lower return Potentially higher return
RISK ASSOCIATED WITH THE LONG/SHORT STRATEGY: This risk is linked to long and/or short positions designed to adjust net market exposure. The fund may suffer high losses if its long and short positions undergo simultaneous unfavourable development in opposite directions.
EQUITY: The Fund may be affected by stock price variations, the scale of which is dependent on external factors, stock trading volumes or market capitalization.
INTEREST RATE: Interest rate risk results in a decline in the net asset value in the event of changes in interest rates.
CURRENCY: Currency risk is linked to exposure to a currency other than the Fund’s valuation currency, either through direct investment or the use of forward financial instruments.
The Fund presents a risk of loss of capital.