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Discover FP Carmignac Global Equity Compounders
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Compound interest has been called the 8th wonder of the world. The good news is that more than interest can be compounded. Profitable companies choosing to reinvest their earnings sustainably for future growth can have an equally powerful long-term effect.
We call them Compounders.
What are they?
Compounders are companies that today show the characteristics we believe are needed to successfully grow over the long-term:
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ProfitabilityCompanies with sound financials, sustainable profitability, low debt and predictable long-term growth prospects.
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A long-term focus
Companies with a long-term vision, reinvesting their earnings to grow the business for the future and to remain profitable over time.
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Sustainability
Companies with strong Environmental, Social and Governance (ESG) profiles, making a measurable positive contribution to society and the environment.
The magic of Compounders
Taking advantage of their long-term effect
Discover FP Carmignac Global Equity Compounders, a “buy and hold” investment solution investing in shares of sustainable, high-quality companies across the world. The Fund aims to deliver long-term returns over a recommended investment period of at least five years – but investors can choose to hold it for a lifetime.
Hear from the Fund Managers themselves :
FP Carmignac Global Equity Compounders invests in what we think are the best bets for long-term sustainable growth – the Compounders – and it does so while mitigating the effects of changing economic cycles. In following these long-term goals, the Fund Managers always keep an eye on the road: in addition to a rigorous stock selection, they optimise the portfolio by adjusting the sizing of their positions to cyclical and defensive stocks according to the direction of the cycle.
The Fund seeks to achieve steady capital growth over the long term for UK investors looking to put their capital to good use – and to have a team of investment professionals handling the process for them.
Our Compounders revealed
The result of the strong and rigorous investment process of FP Carmignac Global Equity Compounders is a low-turnover, concentrated portfolio of ~40 high conviction names. Discover some of the high quality, sustainable companies which made it into our portfolio:
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Founded by Bill Gates and Paul Allen more than 45 years ago, Microsoft has since become a leading reference in the technology industry. With a large offering of products and services, the firm has demonstrated its strong, sustainable business model and ability to grow over time through innovation. For instance, its software Office 365 exhibits a strong value proposition with double-digit growth, benefitting from strong network effects. Microsoft is not only proving its value through numbers, but also through its commitment to empowering people: all stakeholders are considered when strategic decisions are made.
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Novo Nordisk is a pharmaceutical company created almost a century ago, specializing in developing, manufacturing, and marketing biologic hormone products and devices for a range of diseases among which diabetes treatment is dominant. The company has taken advantage of significant growth opportunities through strong research and development pipelines (diabetes, obesity). By the nature of its business, Novo Nordisk has a positive impact on society by helping populations to treat illnesses. But it goes far beyond that: it also developed several initiatives to contribute positively to society (affordability and access programmes for low- and middle-income countries, prevention of chronic diseases) and the environment (zero environmental impact target).
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Founded in 1952, and based in Kalamazoo (Michigan), Zoetis is the largest ‘pure play’ animal health company in the world with a global share of 18% in a USD 22 billion market focusing on livestock and companion animals. The firm is undoubtedly a leader in the industry, benefitting from both the rising global demand for animal health products and the loyalty of its key customers (livestock producers, veterinarians), demonstrating the power of its business model. And that is not where it ends: Zoetis seeks to create value for society, striving to ensure a safe and sustainable food supply, putting a strong emphasis on the wellness of its employees and wider stakeholders and promoting the veterinary profession.
Source: Companies’ websites, Bloomberg, 2021.
FP Carmignac Global Equity Compounders A GBP ACC
Recommended minimum investment horizon
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Potentially lower return Potentially higher return
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.
FP Carmignac Global Equity Compounders A GBP ACC
| 2019 | 2020 | 2021 | 2022 | 2023 |
2024 (YTD) ? Year to date |
|
|---|---|---|---|---|---|---|
| FP Carmignac Global Equity Compounders A GBP ACC | - | +23.05 % | +22.62 % | -19.02 % | +20.98 % | +14.17 % |
| Reference Indicator | - | +19.85 % | +22.94 % | -7.83 % | +16.81 % | +9.84 % |
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| 3 Years | 5 Years | 10 Years | |
|---|---|---|---|
| FP Carmignac Global Equity Compounders A GBP ACC | +11.57 % | - | - |
| Reference Indicator | +11.86 % | - | - |
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Source: Carmignac at 28/03/2024
| Maximum subscription fees paid to distributors : | 0,00% |
| Redemption Fees : | 0,00% |
| Ongoing Charges : | 0.90% |
| Conversion Fee : | - |
| Management Fees : | 0,82% |
| Performance Fees : | - |