We are very proud to see Xavier Hovasse, Head of emerging equities and Haiyan Li-Labbé, Fund Manager, named as 2022 Behavioural Award winners for their management of Carmignac Emergents (OEIC version is FP Carmignac Emerging Markets).
Awarded by Essentia Analytics, The Behavioral Award is based on Essentia’s proprietary Behavioral methodology, which considers Fund Manager skill in seven key decision types: stock picking, entry timing, sizing, scaling in, size adjusting, scaling out, and exit timing.
Xavier and Haiyan together have more than 20 years of experience as Emerging Markets specialists. Their long-standing expertise combined with deep local knowledge and strong analysis capabilities provides them with an edge in the way they evaluate companies and translate them into investment decisions.
Essentia Behavioral looks beyond the traditional approach to manager evaluation based on past performance and focuses instead on the quality of a manager’s decision-making. Essentia conducted a skill-based assessment of 76 anonymised active equity portfolio managers over 36 months of activity (through March 30, 2022).
FP Carmignac Emerging Markets A GBP ACC
Recommended minimum investment horizon
Lower risk Higher risk
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.
EMERGING MARKETS: Operating conditions and supervision in "emerging" markets may deviate from the standards prevailing on the large international exchanges and have an impact on prices of listed instruments in which the Fund may invest.
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.