Carmignac launches “Human Xperience” fund

  • Published
  • Length
    2 minute(s) read
  • Invests in companies with both superior employee and customer satisfaction levels
  • Aims to generate financial returns and have a positive societal impact
  • Fourth thematic fund from Carmignac

Carmignac today announces the launch of Carmignac Portfolio Human Xperience, a thematic equity fund investing in companies demonstrating high levels of customer and employee satisfaction.

The fund is managed by Obe Ejikeme, with the support of the firm’s wider investment team and responsible investment team. Obe has nearly 20 years’ experience in financial services and a background in data science and analytics. The fund has been designed based on the conviction, supported by expansive academic research, that companies with strong customer and employee satisfaction are likely to experience better retention rates and superior financial returns over the long term. The fund aims to outperform its benchmark over five years and is designed for investors looking to have a positive impact on society, focusing on the “S” of ESG investing. It has a measurable sustainable objective and as a result, is registered as Article 9 under the Sustainable Finance Disclosure Regulation.

The fund is one of few available that considers the financial and societal benefits of both employee and customer satisfaction. Companies are assessed via Carmignac’s proprietary database, which utilises multiple sources of data from artificial intelligence to customer satisfaction surveys, employee feedback, as well as financial reports and corporate filings. Eligible firms (those in the top 30% of companies) are rated on their social contributions, with input from Carmignac’s sector specialists to assess return potential and risk. The result is a concentrated, low-turnover portfolio from across global equity markets.

The dual theme of the new fund is closely aligned with Carmignac’s corporate ethos and belief that positive client and employee experiences will lead to superior outcomes for its investors.


Obe Ejikeme comments: “Environmental investing has been popular with investors for some time and while analysis of social factors is gathering momentum, little attention has been paid to how companies can improve the experience of customers and employees and the consequent impact on financial performance. With businesses globally enhancing their data disclosure, driven by regulatory and societal pressure, and capital flow into socially aware investments accelerating, we believe now is a great time to make the Carmignac Portfolio Human Xperience fund available, allowing our clients to benefit.”

The fund is the fourth thematic fund from Carmignac, giving investors access to the investment trends the firm has identified as long-term structural drivers of growth. The Carmignac Portfolio Human Xperience complements the existing products, with the business now offering thematic funds addressing the E, S and G of ESG investing. The other thematic funds include Carmignac Portfolio Green Gold (focused on climate change transition and mitigation – the “E”) Carmignac Portfolio Family Governed (investing in family-owned businesses – the “G”) and Carmignac Investissement (multi-thematic).


Maxime Carmignac, Managing Director of Carmignac UK adds: “As a family-owned business and close-knit team, it has always been our conviction that employees and customers must be at the heart of everything we do. We have long considered this a positive differentiator and as a result, have developed a data-driven methodology for assessing companies on this basis. We are pleased to be launching a fund aligned with our own philosophy, as well as offering investors the opportunity to achieve superior financial returns and have a positive impact on society.”

The Carmignac Portfolio Human Xperience fund is registered in Austria, Belgium, France, Germany, Italy, Luxembourg, Portugal, Spain, Switzerland and the United Kingdom.

This material does not constitute a subscription offer, nor does it constitute investment advice. This material is not intended to provide, and should not be relied on for, accounting, legal or tax advice. This material has been provided to you for informational purposes only and may not be relied upon by you in evaluating the merits of investing in any securities or interests referred to herein or for any other purposes. The information contained in this material may be partial information and may be modified without prior notice. They are expressed as of the date of writing and are derived from proprietary and non-proprietary sources deemed by Carmignac to be reliable, are not necessarily all-inclusive and are not guaranteed as to accuracy. As such, no warranty of accuracy or reliability is given and no responsibility arising in any other way for errors and omissions (including responsibility to any person by reason of negligence) is accepted by Carmignac, its officers, employees or agents. The Fund does not have the SRI label. For more information on SFDR Past performance is not necessarily indicative of future performance. 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, for the shares which are not currency hedged. 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. The portfolios of Carmignac funds may change without previous notice. The reference to a ranking or prize, is no guarantee of the future results of the UCIS or the manager. Risk Scale from the KIID (Key Investor Information Document). Risk 1 does not mean a risk-free investment. This indicator may change over time. The recommended investment horizon is a minimum and not a recommendation to sell at the end of that period. Morningstar Rating™: © 2021 Morningstar, Inc. All Rights Reserved. The information contained herein: is proprietary to Morningstar and/or its content providers; may not be copied or distributed; and is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Access to the Funds may be subject to restrictions regarding certain persons or countries. This material is not directed to any person in any jurisdiction where (by reason of that person’s nationality, residence or otherwise) the material or availability of this material is prohibited. Persons in respect of whom such prohibitions apply must not access this material. Taxation depends on the situation of the individual. The Funds are not registered for retail distribution in Asia, in Japan, in North America, nor are they registered in South America. Carmignac Funds are registered in Singapore as restricted foreign scheme (for professional clients only). The Funds have not been registered under the US Securities Act of 1933. The Funds may not be offered or sold, directly or indirectly, for the benefit or on behalf of a «U.S. person», according to the definition of the US Regulation S and FATCA. Company. The risks, fees and ongoing charges are described in the KIID (Key Investor Information Material). The KIID must be made available to the subscriber prior to subscription. The subscriber must read the KIID. Investors may lose some or all their capital, as the capital in the funds are not guaranteed. The Funds present a risk of loss of capital. The Funds’ prospectus, KIIDs, NAV and annual reports are available at, or upon request to the Management. Carmignac Portfolio refers to the sub-funds of Carmignac Portfolio SICAV, an investment company under Luxembourg law, conforming to the UCITS Directive.

UK: This document was prepared by Carmignac Gestion and/or Carmignac Gestion Luxembourg and is being distributed in the UK by Carmignac Gestion Luxembourg UK Branch (Registered in England and Wales with number FC031103, CSSF agreement of 10/06/2013).

CARMIGNAC GESTION 24, place Vendôme - F-75001 Paris - Tél : (+33) 01 42 86 53 35 Investment management company approved by the AMF - Public limited company with share capital of € 15,000,000 - RCS Paris B 349 501 676

CARMIGNAC GESTION Luxembourg - City Link - 7, rue de la Chapelle - L-1325 Luxembourg - Tel : (+352) 46 70 60 1 - Subsidiary of Carmignac Gestion - Investment fund management company approved by the CSSF Public limited company with share capital of € 23,000,000 - RC Luxembourg B 67 549