Alternative strategies

Carmignac Absolute Return Europe

Share Class

FR0010149179

Alternative strategiesCarmignac Absolute Return Europe
Alternative strategiesCarmignac Absolute Return Europe
Share Class

FR0010149179

Overview

Characteristics & Risks

Performance

Portfolio

ESG

Documents

Carmignac Absolute Return Europe ESG Breakdown

This section contains the information relating to the ESG breakdown of the Fund.

Carmignac Absolute Return Europe ESG Breakdown

This financial product is classified Article 8 of the Sustainable Finance Disclosure Regulation (“SFDR”). The binding elements of the investment strategy used to select the investments to attain each of the environmental or social characteristics promoted by this financial product are :
  • ESG analysis applied to at least 90% of the equity holding in the Long portfolio;
  • The Long Equity investment universe is actively reduced;
  • 30% of carbon emissions lower than the aforementioned composite benchmark as measured by carbon intensity.
View all ESG documents

UNITED NATIONS SUSTAINABLE DEVELOPMENT GOALS (SDGS)

The graph illustrates the percentage of assets in the portfolio that are aligned with the United Nations Sustainable Development Goals. This enables us to measure the contribution of our investments to achieving these global objectives.

By promoting sustainable development, poverty reduction, environmental protection, health, education and many other areas, these investments go beyond traditional financial objectives by integrating social and environmental considerations into their management.

Alignment with the UN Sustainable Development Goals (% of Net Assets)

Data as of:  Sep 30, 2024.
Assets Aligned with SDGs
87.9 %
SDG Operational Alignement : SDG Operational Alignement
37.5 %
SDG 3 : Good Health and Well Being
20.4 %
SDG 9 : Industry, Innovation and Infrastructure
19.9 %
SDG 2 : Zero Hunger
7.4 %
SDG 7 : Affordable and Clean Energy
1.6 %
SDG 11 : Sustainable Cities and Communities
1.1 %
Not in line with the United Nations Sustainable Development Goals (SDGs)
12.1 %
Total
87.9 %
Our outcomes framework

Top 5 ESG Breakdown

The Top 5 ESG ratings highlight the 5 positions with the best sustainable ratings among the fund's investments.

The Top 5 active weightings show the positions that have been overweighted relative to the benchmark, illustrated by their ESG ratings. This highlights the main divergences between the composition of the fund's portfolio and that of the benchmark.

Top 5 ESG Rated Portfolio Holdings

Data as of:  Sep 30, 2024.
Company
CARLSBERG AS
NOVO NORDISK AS
AKZO NOBEL NV
ANHEUSERBUSCH INBEV SANV
ASR NEDERLAND NV
ESG Rating
AAA
AAA
AAA
AA
AA
Source: MSCI ESG

Top 5 Active Weights and ESG Scores

Data as of:  Sep 30, 2024.
Company
ADYEN NV
DANONE SA
CARREFOUR SA
SANOFI
ZALANDO SE
ESG Rating
A
AAA
AA
A
AA
Source: MSCI ESG

Carmignac Absolute Return Europe VS. Reference Indicator

The graph compares the distribution of ESG ratings for the fund's investments with the distribution of ESG ratings for the assets of its benchmark.

MSCI ESG Score Portfolio vs. Reference Indicator (%)

Data as of:  Sep 30, 2024.
Leader
Average
Laggard
Fund (Equity)
Fund (Equity + Corporate Bonds)
Reference Indicator
Source: 75% MSCI Europe index + 25% S&P 500
View portfolioView documents
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.
The Fund is a common fund in contractual form (FCP) conforming to the UCITS Directive under French law.