Equity strategies
Carmignac China New Economy
Share Class
FR0013467024
Risk Indicator
6 / 7
Recommended Minimum Investment Horizon
5 years
Cumulative Performance since launch
Cumulative Performance 10 YearsCumulative Performance 5 YearsCumulative Performance 3 YearsCumulative Performance 12 Months
From 31/12/2019
To 25/09/2025
+ 35.2 %
-
- 4.9 %
+ 20.7 %
+ 47.4 %
Calendar 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 2023Calendar Year Performance 2024
-
-
-
-
-
+ 93.4 %
- 29.3 %
- 3.5 %
- 22.0 %
+ 1.4 %
Net Asset Value
135.21 €
Asset Under Management
81 M €
Net Equity Exposure29/08/2025
98.1 %
SFDR - Fund Classification
Article 8
Carmignac China New Economy : 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
Carmignac China New Economy is an equity Fund looking to seize investment opportunities arising mainly, but not exclusively, from China's New Economy. The latter offers numerous sustainable growth themes in areas such as healthcare, education, clean energy, technological innovation and "sustainable" consumption, including e-commerce and Internet which benefit from the increasing purchasing power and improving living standards of Chinese households. Stock selection is the Fund's main performance driver and is based on rigorous financial and extra-financial analysis. Its objective is to outperform its reference indicator over at least 5 years. The Fund also looks to minimise its environmental impact by reducing its carbon footprint by 5% annually.
Characteristics
General Characteristics
- Management Company
- Carmignac Gestion S.A
- Legal Form
- French mutual fund (FCP)
- ISIN
- FR0013467024
- Bloomberg
- CACNEIE 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
- 5 years
- Management
- Equity strategies
- Reference Indicator
- MSCI China NR index
- Morningstar Category
Morningstar Category - N.A.
Net Asset Value & Assets Under Management
- Date of 1st NAV
- 31/12/2019
- Base Currency
- EUR
- Share class AUM
- 79 M€ (25/09/25)
- Fund AUM
- 81 M€ / 94 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
- 0.99% of the value of your investment per year. This estimate is based on actual costs over the past year.
- Transaction Cost
- 2.61% 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
- 10.00% max. of the outperformance once performance since the start of the year exceeds that of the reference indicator and if no past underperformance still needs to be offset. 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
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.
Emerging Markets- Operating conditions and supervision in "emerging" markets may deviate from the standards prevailing on the large international exchanges and have an impact on prices of listed instruments in which the Fund may invest.
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.
Liquidity- Temporary market distortions may have an impact on the pricing conditions under which the Fund might be caused to liquidate, initiate or modify its positions.
- The Fund presents a risk of loss of capital.
Articles that may interest you
Corporate • 15 September 2025 • English
Notice to shareholders - Carmignac Portfolio China New Economy
Corporate • 15 September 2025 • English
Letter to unitholders of Carmignac China New Economy
Emerging equities • 10 July 2023 • English
How do Chinese companies succeed internationally
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