Alternative strategies
Carmignac Absolute Return Europe
French mutual fund (FCP)European marketArticle 8Share Class
FR001400JG56
An opportunistic and style agnostic long/short approach to European equities
- A diversified portfolio, based on a top-down and bottom-up approach, to take advantage of market inefficiencies.
- Active management of the net equity exposure (-20% to +50%).
Key documents
Risk Indicator
2/7
Recommended Minimum Investment Horizon
3 years
Cumulative Performance since launch
Cumulative Performance 10 YearsCumulative Performance 5 YearsCumulative Performance 3 YearsCumulative Performance 12 Months
+ 5.3 %
0.0 %
0.0 %
0.0 %
0.0 %
To 29/08/2024
Calendar Year Performance 2014Calendar Year Performance 2015Calendar Year Performance 2016Calendar Year Performance 2017Calendar Year Performance 2018Calendar Year Performance 2019Calendar Year Performance 2020Calendar Year Performance 2021Calendar Year Performance 2022Calendar Year Performance 2023
-
-
-
-
-
-
-
-
-
+ 2.1 %
Net Asset Value
105.32 €
Asset Under Management
205 M €
Market
European market
SFDR - Fund Classification
Article
8
Data as of: 29 Aug 2024.
Past performance is not necessarily indicative of future performance. Performances are net of fees (excluding possible entrance fees charged by the distributor).
Carmignac Absolute Return Europe Portfolio overview
Below is an overview of the composition of the portfolio.Geographical Breakdown
Data as of: 31 Jul 2024.| Europe EUR | 29.5 % |
| Europe ex-EUR | 12.1 % |
| North America | 8.7 % |
| Others | 3.3 % |
| Equity Basket Derivatives | 1.4 % |
| Index Derivatives | -20.4 % |
| Total % of alternative | 34.6 % |
Europe EUR29.5 %
 Germany | 11.1 % |
 France | 7.3 % |
 Netherlands | 6.1 % |
 Ireland | 1.6 % |
 Italy | 1.4 % |
 Belgium | 1.3 % |
 Greece | 0.7 % |
 Spain | 0.6 % |
 Luxembourg | 0.4 % |
 Austria | -0.3 % |
 Finland | -0.8 % |
The strategy in a nutshell
Discover the Fund’s main features and benefits through the words of the Fund Managers.Fund Management Team
Johan Fredriksson
Fund Manager
Dean Smith
Fund Manager
Our objective is to provide a long-term absolute capital growth thanks to our dynamic and opportunistic take on European equities.
Dean Smith
Fund Manager
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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.