Alternative strategies

Carmignac Absolute Return Europe

Share Class
F EUR AccFR001400JG56

Carmignac Absolute Return Europe : Characteristics & Risks

You may find in this section information on characteristics, costs, and risks of the Fund. ​If you have any questions, please do not hesitate to contact Carmignac for further details and assistance.​

Investment Universe and Objective

A European long/short equity fund, combining both top-down and a bottom-up approach, with an actively managed net equity exposure ranging between -20% and 50%. The portfolio construction relies on thematic drivers such as industry and ESG trends. The Fund seeks to achieve a positive absolute return over a 3-year investment horizon.

Characteristics

General Characteristics
Management Company
Carmignac Gestion S.A
Legal Form
French mutual fund (FCP)
ISIN
FR001400JG56
Bloomberg
CARFEUA FP
Detailed Characteristics
SFDR - Fund Classification
Article 8
Risk Indicator

1

2

3

4

5

6

7

Lowest risk Highest risk
Recommended minimum investment horizon
3 years
Management
Alternative strategies
Reference Indicator
-
Morningstar Category
Morningstar Category
Long/Short Equity - Europe
Net Asset Value & Assets Under Management
Date of 1st NAV
31/08/2023
Base Currency
EUR
Share class AUM
34 M€ (29/05/24)
Fund AUM
217 M€ / 235 M$
Dividend Policy
Accumulation
Capital Guarantee
No
NAV Frequency
Daily, except on French public holidays for FCP/SICAV; UK bank holidays for OEIC; Stock market holidays in the US, China and Hong Kong for China New Economy Funds. 
Subscribe to NAVs
Order Placement Cut-Off Time
Before 18:00 CET

Fees

One-off costs upon entry or exit
Entry costs
We do not charge an entry fee. 
Exit costs
We do not charge an exit fee for this product.
Ongoing costs taken each year
Management fees and other administrative or operating costs
1,30% of the value of your investment per year. This estimate is based on actual costs over the past year.
Transaction Cost
0,98% of the value of your investment per year. This is an estimate of the costs incurred when we buy and sell the investments underlying the product. The actual amount varies depending on the quantity we buy and sell.
Incidental costs taken under specific conditions
Performance fees
20,00% max. of the outperformance if the performance is positive and the net asset value exceeds the high-water mark. The actual amount will vary depending on how well your investment performs. The aggregated cost estimation above includes the average over the last 5 years, or since the product creation if it is less than 5 years.

Risks

Main Risks of the Fund
Risk associated with the Long/Short Strategy
This risk is linked to long and/or short positions designed to adjust net market exposure. The Fund may suffer high losses if its long and short positions undergo simultaneous unfavourable development in opposite directions.
Equity
The Fund may be affected by stock price variations, the scale of which is dependent on external factors, stock trading volumes or market capitalization.
Interest Rate
Interest rate risk results in a decline in the net asset value in the event of changes in interest rates.
Currency
Currency risk is linked to exposure to a currency other than the Fund’s valuation currency, either through direct investment or the use of forward financial instruments.
The Fund presents a risk of loss of capital.
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.
The information presented above is not contractually binding and does not constitute investment advice. Past performance is not a reliable indicator of future performance. Performances are net of fees (excluding possible entrance fees charged by the distributor), where applicable. Investors may lose some or all of their capital, as the capital in the UCI is not guaranteed. Access to the products and services presented herein may be restricted for some individuals or countries. Taxation depends on the situation of the individual. The risks, fees and recommended investment period for the UCI presented are detailed in the KIDs (key information documents) and prospectuses available on this website. The KID must be made available to the subscriber prior to purchase.). The reference to a ranking or prize, is no guarantee of the future results of the UCITS or the manager.