Share Class
FR0013527827
Capturing long-term global equity trends with strong downside risk management
- A core equity portfolio invested in the most promising current market trends and dynamics.
- A Feeder Fund of international equity Fund Carmignac Investissement.
- A flexible and actively managed equity exposure (0% to 100%).
Key documents
Asset Allocation
Equities94.5 %
Other5.5 %
Data as of: 28 Nov 2025.
Risk Indicator
1
2
3
4
5
6
7
Lowest risk
Highest risk
Recommended Minimum Investment Horizon
5 years
Cumulative Performance since launch
Cumulative Performance 10 YearsCumulative Performance 5 YearsCumulative Performance 3 YearsCumulative Performance 12 Months
+ 63.2 %
-
+ 42.7 %
+ 48.3 %
+ 18.3 %
To 08/01/2026
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
-
-
-
-
+ 12.4 %
- 6.0 %
+ 2.3 %
+ 13.5 %
+ 10.4 %
+ 17.3 %
Net Asset Value
163.17 €
Asset Under Management
280 M €
Net Equity Exposure28/11/2025
94.2 %
SFDR - Fund Classification
Article
8
Data as of: 28 Nov 2025.
Data as of: 8 Jan 2026.
Past performance is not necessarily indicative of future performance. Performances are net of fees (excluding possible entrance fees charged by the distributor).
The return may increase or decrease as a result of currency fluctuations, for the shares which are not currency-hedged.
The Sustainable Finance Disclosure Regulation (SFDR) 2019/2088 is a European regulation that requires asset managers to classify their funds as either 'Article 8' funds, which promote environmental and social characteristics, 'Article 9' funds, which make sustainable investments with measurable objectives, or 'Article 6' funds, which do not necessarily have a sustainability objective. For more information please refer to https://eur-lex.europa.eu/eli/reg/2019/2088/oj.
Carmignac Investissement Latitude fund performance
Take a look at the Fund's performance supported by our Fund managers’ market commentary and strategy insight.
Our monthly comments
Data as of: 31 Dec 2025.Fund management team
Performance commentary
- In this environment, our strategy delivered a solid performance in December, significantly outperforming its reference indicator.
- The stock selection of the underlying fund, Carmignac Investissement, enabled the strategy to post a positive performance despite the decline in US equity markets.
- Its outperformance was driven by stock selection in the tech sector. Emerging Markets exposure, as well as active management of U.S. position sizing, were key contributors.
- In addition, our hedging strategies on US equities (Nasdaq and S&P 500) contributed positively to performance.
Outlook strategy
- Widening dispersion in 2026: Differences in performance should increase both within technology and versus the rest of the market, as increasingly rapid and reversible investor arbitrage across stocks and sectors amplifies volatility and dispersion.
- Disruption as the key driver: Performance will depend on being positioned on the right side of disruption, including cases of internal disruption within the tech complex, notably in hardware.
- Re-rating “AI casualties”: We are building exposure to companies wrongly perceived as AI losers, particularly in software and financial infrastructure.
- Diversifying beyond AI: Non-AI risk is being reinforced through other lagging segments, including selected biotechnology names.
- More selective AI exposure: We are concentrating on high quality part of AI, still underappreciated by consensus (e.g., SK Hynix, TSMC), while reducing exposure to fully priced, high-beta AI names such as data-center-related stocks.
Performance Overview
Data as of: 8 Jan 2026.Past performance is not necessarily indicative of future performance. Performances are net of fees (excluding possible entrance fees charged by the distributor).
Morningstar Rating™ : © YYYY Morningstar, Inc. All Rights Reserved. The information contained herein: is proprietary to Morningstar and/or its content providers; may not be copied or distributed; and is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
From 01/01/2013 the equity index reference indicators are calculated net dividends reinvested.
The return may increase or decrease as a result of currency fluctuations, for the shares which are not currency-hedged.
Source: Carmignac at 09/01/2026
Key figures
Below are some key figures to help you understand the Fund's management and positioning.
Exposure Data
Data as of: 28 Nov 2025.Net Equity Exposure94.2 %
Global investment rate99.2 %
Master Fund Allocation95.3 %
To Access the weekly view
The strategy in a nutshell
Discover the Fund’s main features and benefits through the words of the Fund Manager.
Fund Management Team
I always strive to fully exploit the Fund’s dynamic nature. The return of inflation is the return of the economic cycle where truly active management will stand out even more as the recent years have shown.
Articles that may interest you
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Addressing Trump 2.0 and DeepSeek with diversification and convictions
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Notice to shareholders • 29 November 2024 • English
Changes to the Carmignac Investissement Latitude Fund
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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 Funds are common funds in contractual form (FCP) conforming to the UCITS Directive under French law except Carmignac Investissement Latitude, alternative investment fund (AIF) 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.
Market environment