Alternative strategies
Carmignac Absolute Return Europe
Share Class
FR001400JG56
Risk Indicator
3 / 7
Recommended Minimum Investment Horizon
3 years
Cumulative Performance since launch
Cumulative Performance 10 YearsCumulative Performance 5 YearsCumulative Performance 3 YearsCumulative Performance 12 Months
From 31/08/2023
To 14/01/2026
+ 8.0 %
-
-
-
+ 1.6 %
Calendar Year Performance 2016Calendar Year Performance 2017Calendar Year Performance 2018Calendar Year Performance 2019Calendar Year Performance 2020Calendar Year Performance 2021Calendar Year Performance 2022Calendar Year Performance 2023Calendar Year Performance 2024Calendar Year Performance 2025
-
-
-
-
-
-
-
+ 2.1 %
+ 3.7 %
+ 0.2 %
Net Asset Value
107.97 €
Asset Under Management
158 M €
Net Equity Exposure31/12/2025
27.3 %
SFDR - Fund Classification
Article 8
Portfolio Composition
Discover the Fund's portfolio and allocation to get an overview of the distribution of its investments, to better understand its strategy, diversification and risk exposure.
Key figures
Below are the key figures for the Fund, which will give you a clearer idea of the Fund's management and equity positioning.
Exposure Data
Data as of: 31 Dec 2025.Equity Investment Weight95.6 %
Net Equity Exposure27.3 %
Number of Equity Issuers68
Active Share61.5 %
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TOP 10 Fund Positions
The main positions of Fund are classified according to their weighting and expressed as a percentage of the Fund's total assets.
Top Ten
Data as of: 31 Dec 2025.| FRESENIUS SE & CO KGAA |  Germany | Healthcare | 4.0% |
| ASR NEDERLAND NV |  Netherlands | Financials | 2.6% |
| DSV A/S |  Denmark | Industrials | 2.0% |
| PROSUS NV |  China | Consumer Discretionary | 1.9% |
| BANCA MONTE DEI PASCHI DI SIENA SPA |  Italy | Financials | 1.5% |
| PRUDENTIAL PLC |  Hong Kong | Financials | 1.5% |
| SSE PLC |  United Kingdom | Utilities | 1.5% |
| SAMSUNG ELECTRONICS CO LTD |  South Korea | Information Technology | 1.4% |
| SIEMENS AG | Germany | Industrials | 1.4% |
| ZALANDO SE | Germany | Consumer Discretionary | 1.4% |
Total
19.2 %
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Top Ten - Short Positions
Data as of: 31 Dec 2025. France | Consumer Discretionary | -1.1% |
 Spain | Industrials | -0.9% |
| Spain | Consumer Discretionary | -0.9% |
| France | Consumer Staples | -0.8% |
 Greece | Industrials | -0.8% |
 Switzerland | Financials | -0.8% |
 Sweden | Information Technology | -0.8% |
| Germany | Consumer Discretionary | -0.8% |
 Ireland | Financials | -0.8% |
 Finland | Communication Services | -0.7% |
Total
-8.5 %
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Geographical Breakdown
The Fund’s exposure to specific country and region provides you with an insight on its diversification as well as the opportunities and risks involved. The geographic breakdown also provides an overview of the Fund's investment strategy and current positioning.
Geographical Breakdown
Data as of: 31 Dec 2025.| North America | 10.5 % | -3.3 % | 7.2 % |
| Others | 11.8 % | -5.4 % | 6.5 % |
| Europe EUR | 77.6 % | -52.8 % | 24.8 % |
| Europe ex-EUR | 23.6 % | -9.2 % | 14.4 % |
| Index Derivatives | 5.5 % | -31.0 % | -25.5 % |
North America7.2 %
 USA | 10.5 % | -3.3 % |
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Equity Exposure
The chart displays the proportion of the Fund's assets invested in equities and how this exposure has changed over time. It enables investors to understand the level of risk associated with the Fund and whether the asset allocation is in line with the Fund’s risk framework.
Equity Exposure (% of total AUM)
Data as of: 31 Dec 2025.- Equity Investment Rate
- Equity Exposure
Capitalisation Breakdown
The capitalisation breakdown refers to the distribution of the Fund's investments according to the size of the companies in which it invests. It indicates in which capitalisation categories (small, medium or large) the Fund allocates its capital.
Equity Derivatives
This table lists all the equity derivatives in the portfolio. It shows the underlying assets to which the fund is exposed and the fund's position (long or short) on each of these underlyings.
Equity Derivatives
Data as of: 9 Jan 2026.| Equity derivatives | ||
| ESTX BNK € PR | ||
| EURO STOXX 50 PR | ||
| STXE 600 € PR | ||
| STXE 600 IG&S € PR | ||
| STXE 600 RTL € PR |
Total (Long + Short)
-67.8 %
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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.
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.