As every year, our methodology for the Grands Prix des Sicav is based on a universe of nearly 33,000 funds marketed in France.

However, only a small portion of these is accessible to the general public through major banking networks (BNP Paribas, Crédit Mutuel, etc.), leading online platforms offering negotiated fees (BoursoBank, Fortuneo), and unit-linked products within retail life insurance contracts from Generali. We therefore carry out an initial screening, reducing the number of eligible funds to more than 2,750.

We then select only those products with at least five full years of performance as of December 31, 2025, which corresponds to the average recommended holding period for an investment. This further reduces the number of eligible funds to 1,490.

Finally, a last selection is made to include only funds belonging to sufficiently large peer groups to allow for meaningful comparison. Each fund must belong to a category with at least twenty competitors to be rated. In total, 1,104 funds are eligible to receive a label.

This year, 142 funds receive an award: 40 obtain an Excellence label, 66 a Performance label, and 36 a Consistency (Régularité) label. These three labels reward funds based on their performance.

Consistency Label (Régularité): funds ranked in the top half of their category every year for five years.
Performance Label: funds ranked in the top decile of their category over five years.
Excellence Label: funds meeting both the Consistency and Performance criteria simultaneously.

As every year, our methodology for the Grands Prix des Sicav is based on a universe of nearly 33,000 funds marketed in France.

However, only a small portion of these is accessible to the general public through major banking networks (BNP Paribas, Crédit Mutuel, etc.), leading online platforms offering negotiated fees (BoursoBank, Fortuneo), and unit-linked products within retail life insurance contracts from Generali. We therefore carry out an initial screening, reducing the number of eligible funds to more than 2,750.

We then select only those products with at least five full years of performance as of December 31, 2025, which corresponds to the average recommended holding period for an investment. This further reduces the number of eligible funds to 1,490.

Finally, a last selection is made to include only funds belonging to sufficiently large peer groups to allow for meaningful comparison. Each fund must belong to a category with at least twenty competitors to be rated. In total, 1,104 funds are eligible to receive a label.

This year, 142 funds receive an award: 40 obtain an Excellence label, 66 a Performance label, and 36 a Consistency (Régularité) label. These three labels reward funds based on their performance.

Consistency Label (Régularité): funds ranked in the top half of their category every year for five years.
Performance Label: funds ranked in the top decile of their category over five years.
Excellence Label: funds meeting both the Consistency and Performance criteria simultaneously.

Asset class group awards will be given to the best large and small groups separately. Large fund family groups with at least five equity, five bond, or three mixed asset portfolios in the respective asset classes are eligible for a group award. Small fund family groups will need to have at least three distinct portfolios in one of the asset classes – equity, bond, or mixed asset. The lowest average decile rank of the three years’ Consistent Return measure of the eligible funds per asset class and group will determine the asset class group award winner over the three-year period. In cases of identical results, the lower average percentile rank will determine the winner. In addition, in some award universes, asset class group awards are divided into actively and passively managed products, resulting in two awards for each asset class in eligible universes. Both winners must comply with the general rules regarding the minimum number of eligible portfolios outlined in this document.

Asset class group awards will be given to the best large and small groups separately. Large fund family groups with at least five equity, five bond, or three mixed asset portfolios in the respective asset classes are eligible for a group award. Small fund family groups will need to have at least three distinct portfolios in one of the asset classes – equity, bond, or mixed asset. The lowest average decile rank of the three years’ Consistent Return measure of the eligible funds per asset class and group will determine the asset class group award winner over the three-year period. In cases of identical results, the lower average percentile rank will determine the winner. In addition, in some award universes, asset class group awards are divided into actively and passively managed products, resulting in two awards for each asset class in eligible universes. Both winners must comply with the general rules regarding the minimum number of eligible portfolios outlined in this document.

For more information about the methodology: https://www.carmignac.com/uploads/pdf/0001/28/8b8911f343bce42380b17fc5bf1697527bec6835.pdf.

For more information about the methodology, please visit: https://quantalys.com/upload/articles/files/QHGAwards_2026_Notation.

For more information about the methodology, please visit: https://quantalys.com/upload/articles/files/QHGAwards_2026_Notation.

For more infirmation on the award : https://grandprixdelafinance.com/.

For more information on the award: https://grandprixdelafinance.com/.

For more infirmation on the award: https://grandprixdelafinance.com/.

For more information on the award: https://funds-europe.com/winners-crowned-at-funds-europe-awards-2025/.

For more information on the award, please visit: https://gpga.evenements.agefi.fr/grands-prix-de-la-gestion-d-actifs.

The objective of the selection process is to identify funds that have consistently outperformed over the long term while withstanding significant market downturns in recent years. Funds are selected based on their three-year Sortino ratio. This ratio is comparable to the Sharpe ratio but uses downside risk (DSR) as the denominator instead of overall volatility. DSR corresponds to volatility, but only when the market is bearish. In other words, it considers that volatility (the amplitude of variations in a security's value around its average) is only a problem when the market is falling. Furthermore, in order to highlight funds that are resilient in the event of a crash, only funds whose maximum loss over the three-year period is less than the average maximum loss for their category are taken into account. Performance figures are as at 30 June 2025.

The winners are selected based on comprehensive results from surveys (voting by the professional community across Europe), the number of page views garnered by her dedicated interview, and the social media buzz generated. The primary goal is to honour the professional whose interview had the most significant influence across the extensive RankiaPro Europe network.