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Carmignac Pfl Global Bond A CHF acc Hdg

Ranked 11 out of 130 in - Global over 12 months
All calculations are in CHF unless stated

Managed by

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 sub-fund aims to outperform its reference indicator over a period exceeding two years, using an active, discretionary investment strategy based on strategic and tactical positions as well as arbitrage on all international fixed income and currency markets. The reference indicator is the JP Morgan Global Government Bond Index, coupons reinvested. Various sources are used in a bid to outperform: Credit strategies, Interest rate strategies, Currency strategies. Up to 20% of the net assets may be invested in contingent convertible bonds.

Showing fund performance in Switzerland View performance globally

Performance

Global over : 31/03/2016 - 31/03/2017
  • Rank 11/130 Total Return
  • Rank 85/130 Standard Deviation
  • Rank 9/130 Max Drawdown
Fund Name Currency Return
9 PIMCO GIS Capital Securities Inst CHF Hdg Acc

Currency exposure is hedged

Currency exposure is hedged

CHF

10.3%

10 Legg Mason WA Global Multi Strat Pr Acc Hgd CHF

Currency exposure is hedged

Currency exposure is hedged

CHF

9.5%

11 Carmignac Pfl Global Bond A CHF acc Hdg

Currency exposure is hedged

Currency exposure is hedged

CHF

9.4%

12 PIMCO GIS Diversified Income Inst CHF Hdg Acc

Currency exposure is hedged

Currency exposure is hedged

CHF

9.3%

13 Templeton Global Bond A (acc) CHF-H1

Currency exposure is hedged

Currency exposure is hedged

CHF

8.5%

Fund Name Currency Risk
83 Flossbach von Storch - Bond Opportunities - CHF-IT CHF

4.0

84 CSIMF Global Bonds ex Securitized ZAH

Currency exposure is hedged

Currency exposure is hedged

CHF

4.0

85 Carmignac Pfl Global Bond A CHF acc Hdg

Currency exposure is hedged

Currency exposure is hedged

CHF

4.0

86 Legg Mason WA Global Multi Strat Pr Acc Hgd CHF

Currency exposure is hedged

Currency exposure is hedged

CHF

4.2

87 NOVARTIS POOLING FUND I - Bonds World CHF

4.3

Fund Name Currency Loss
7 Schroder GAIA Cat Bond CHF Hedged F Acc

Currency exposure is hedged

Currency exposure is hedged

CHF

-0.4%

8 UBAM Unconstrained Bond APHC CHF

Currency exposure is hedged

Currency exposure is hedged

CHF

-0.5%

9 RVT Ertrag Fund CHF

-0.6%

9 Carmignac Pfl Global Bond A CHF acc Hdg

Currency exposure is hedged

Currency exposure is hedged

CHF

-0.6%

11 UBAM Global Credit Opportunities APHC-CHF Cap

Currency exposure is hedged

Currency exposure is hedged

CHF

-0.7%

Total Return

Quarterly Performance

to 31/03/2017 Annual Q1 Q2 Q3 Q4
2017 1.7%
2016 8.8% 1.2% 4.7% 1.1% 1.7%
2015 1.9% 11.2% -7.7% -0.3% -0.5%
2014 13.5% 3.5% 3.1% 3.4% 2.8%
2013 -4.2% 1.4% -4.1% -4.6% 3.3%
2012 0.2%

Month by Month Performance

Returns Vs Risk

Registered For Sale In

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

Fund Info

  • Launch date20/07/2012
  • Share Class size23Mn
  • Base currencyCHF
  • ISIN LU0807689822
  • Currency exposure is hedged

Purchase Info

  • Min. initial investment1
  • Min. regular additional investment1

Charges

Related News

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Citywire + rated manager takes profits on sovereign calls and pounces on Bank of England reticence to raise rates.

We got the duration call wrong, says Carmignac’s Zerah

VIDEO: Citywire + rated global bond manager says French firm was among majority to misread Fed’s rates rise plans this year.

Carmignac joins CoCos crowd with latest allocations

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

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