Good visibility is indeed needed to navigate the current volatile and turbulent environment so to keep the long term in focus and tolerate shocks such as the pandemic we have been experiencing for months now.
With the set back on the world economy inflicted by the lockdowns, and the uncertainty the coronavirus has brought with regards to the resumption of “normal” activity, we preferred to stick to our robust approach and decided not to stride from our path. After all, we set a 3 to 5 years horizon for our companies to prove their quality and thus recommend our investors a minimum holding period of 5 years as well.
We do not only rely on the measurement of quality and growth through two key metrics (high sustainability and reinvestments for the future), but also implement an ESG integration of criteria at all the levels of the investment approach. This robust, multi-step method has helped us seize out several themes offering structural growth drivers which proven to be resilient in the current circumstances thanks to their well-rounded risk management and foresightedness. Indeed, many needed to prove to have nerves of steel.
These have been the principles at the core of Carmignac Portfolio Grande Europe’s performance not only during the last few weeks, but since Mark Denham become lead manager 1 . European equities have been in fact misunderstood by investors for a long period, but Mark remained convinced of the fact that they still offer exciting themes and growth prospects. Only an attentive analysis and a continuous search can actually bring these gems to shine according to him.
A recognition to Mark’s professionality and the many years he has spent in the industry looking at European equities, just came by Citywire 2 .
The reference to a ranking or prize, is no guarantee of the future results of the UCIS or the manager.
Carmignac Portfolio Grande Europe
Main risks of the Fund
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.
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.
DISCRETIONARY MANAGEMENT: Anticipations of financial market changes made by the Management Company have a direct effect on the Fund's performance, which depends on the stocks selected.
The Fund presents a risk of loss of capital.
*A GBP Acc share class ISIN code: GB00BJHPHZ49. Risk Scale from the KIID (Key Investor Information Document). Risk 1 does not mean a risk-free investment. This indicator may change over time.
1) Mark Denham became manager of FP Carmignac European Leaders as of 15/05/2019.
2) Citywire Fund Manager Ratings and ©Citywire Rankings are proprietary to Citywire Financial Publishers Ltd (“Citywire”) and Citywire 2014. All rights reserved. Individual fund manager data such as rankings of fund managers and ratings of fund managers are used with the authorization of Citywire. This includes but is not limited to all individual fund manager data such as rankings of fund managers and ratings of fund managers. Citywire does not accept any liability for your reliance upon, or any errors or omissions in, the Citywire Ratings or Citywire Rankings.