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Carmignac Pfl Emerging Patrimoine A EUR acc

Ranked 8 out of 8 in - Emerging Markets over 12 months
All calculations are in CHF unless stated

Managed by

Xavier Hovasse

Paris-born Xavier Hovasse joined Carmignac Gestion in 2008 where he manages the Carmignac Emerging Discovery Fund with a long term defensive growth investment style. He started his career at BNP Paribas Investment Management in 1999 as an analyst and fund manager in emerging market and global equities. He studied finance at the Ecole Supérieure de Commerce de Paris (ESCP) and a CFA charterholder. Based in Paris, away from work Xavier enjoys backgammon and bridge.

Charles Zerah

Charles Zerah began his career as a fixed income portfolio manager at AXA IM in 1995, and started running emerging debt funds a year later. He joined Crédit Lyonnais AM in 1999 as a Senior Manager for the emerging bond market asset class. Following the merger of CLAM with CA-AM, Charles Zerah joined the international bond management team led by Bruno Crastes in London, where he was responsible for the overall of emerging bond markets management. Charles took over the management of Carmignac Global Bond in March 2010, and was appointed as co-manager of the newly launched Carmignac Emerging Patrimoine, a balanced emerging market fund investing across equity, fixed income and currency markets in the emerging space. Charles is responsible for the bond & currency portion of the Fund, which includes local currency as well as hard currency emerging debt. Born in 1973, Charles Zerah holds a Master’s degree in Banking and Finance and a DESS postgraduate diploma in Finance with a major in Financial Markets, from the University of Paris II Panthéon Assas.

Objective

The objective of the Sub-Fund is to outperform its reference indicator, composed of 50% MSCI Emerging Market NR USD (NDUEEGF) expressed in EUR and calculated with net dividends reinvested, and 50% JP Morgan GBI - Emerging Markets Global Diversified Composite Unhedged EUR Index (JGENVUEG), calculated with coupons reinvested over a recommended minimum investment period of five years. The reference indicator is rebalanced every quarter.

Showing fund performance in Switzerland View performance globally

Performance

Emerging Markets over : 30/06/2016 - 30/06/2017

Total Return

Quarterly Performance

to 30/06/2017 Annual Q1 Q2 Q3 Q4
2017 6.7% -0.8%
2016 8.2% 1.1% 6.0% 4.1% -3.0%
2015 -9.4% -2.3% -5.9% -2.9% 1.5%
2014 3.3% -1.7% 5.8% 2.9% -3.5%
2013 -12.3% 2.7% -11.3% -2.9% -0.9%
2012 13.8% 5.1% 2.5% 3.4% 2.1%
2011 -6.1% -5.2% 3.0%

Month by Month Performance

Returns Vs Risk

Asset Allocation

Breakdown

31/03/2017

Top 10 Holdings

Stock Size
Russian Fedrtn 2.500% 16-Aug-2023 5.94
Russian Fedrtn 4.750% 27-May-2026 4.71
Brazil 6.000% 15-Aug-2050 4.46
US Treasury 0.500% 31-Jul-2017 3.45
Brazil 0.000% 01-Jul-2020 3.26
Mexico 4.500% 04-Dec-2025 3.16
Chile 1.500% 01-Mar-2021 3.15
Bahrain 7.000% 12-Oct-2028 3.03
Argentina 7.820% 31-Dec-2033 2.95
Banque Centrale de Tunisie 5.625% 17-Feb-2024 2.82
31/03/2017

Registered For Sale In

  1. Austria
  2. Belgium
  3. France
  4. Germany
  5. Ireland
  6. Italy
  7. Luxembourg
  8. Netherlands
  9. Spain
  10. Sweden
  11. Switzerland
  12. United Kingdom

Fund Info

  • Launch date31/03/2011
  • Share Class size486Mn
  • Base currencyEUR
  • ISIN LU0592698954

Purchase Info

  • Min. initial investment1
  • Min. regular additional investment1

Charges

Related News

Carmignac EM star adds Argentina for ‘first time in years’

PARIS: Citywire A-rated Xavier Hovasse believes the LatAm country’s regime change makes it the most exciting frontier market bet.

Carmignac’s Hovasse: brave buyers should bet on Argentinian banks

The Citywire + rated manager believes large-scale reform is needed but those with the 'guts' to hold tight could win big in Latin America.

Ex-Carmignac EM duo join Man GLG for new fund

London-based asset management firm adds pair of senior managers to oversee new unconstrained strategy.

Emerging markets duo exit Carmignac

EXCLUSIVE: Paris-based asset manager announces fund manager changes as pair of investors step down for personal reasons.

Domestic China shines bright for Carmignac’s Pickard

PARIS: The EM specialist is positioning his €1.2bn fund to take advantage of increasing A-Shares opportunities and also eyeing India.

Carmignac pushes equity exposure close to maximum level

French asset manager vows to hold overweight while risks remain low and focuses on reform-focused EM bets.

Carmignac cuts equity exposure across half its assets

French firm reduces equities across three main funds to protect portfolios from US’s ‘bad inflation’.

Carmignac names new co-manager on Emerging Patrimoine

The French firm strengthens the line-up on its €960 million multi-asset emerging market fund and also announced two other appointments.

Carmignac joins CoCos crowd with latest allocations

French group opens positions in Swiss and UK specialist financial bonds while also retaining periphery exposure.

Carmignac ups equities to near max level

After a tactical drop in August, the French firm has raised the equity exposure of its most popular funds back to its highest level since the start of the year.

...more...

Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in the currency and currencies indicated).