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
Equities89.4 %
Other10.6 %
Data as of: Mar 31, 2026.
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
+ 56.0 %
-
+ 31.9 %
+ 43.5 %
+ 20.7 %
To 09/04/2026
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
155.97 €
Asset Under Management
290 M €
Net Equity Exposure31/03/2026
50.3 %
SFDR - Fund Classification
Article
8
Data as of: Mar 31, 2026.
Data as of: Apr 9, 2026.
Past performance is not necessarily indicative of future performance. Performances are net of fees (excluding possible entrance fees charged by the distributor). The Fund presents a risk of loss of capital.
The return may increase or decrease as a result of currency fluctuations, for the shares which are not currency-hedged.
Sustainable Finance Disclosure Regulation (SFDR) 2019/2088. The SFDR classification of the Funds may change over time.
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.
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: Mar 31, 2026.Fund management team
Performance commentary
- In this context, the fund delivered a negative performance, while nevertheless outperforming both its reference indicator and global equity markets over the period.
- This relative resilience reflects active hedging strategies across US, European and emerging markets, which helped mitigate downside risks, with an average net equity exposure of 33% over the period.
- Our absolute performance was primarily impacted by the decline in equity markets, notably through the underlying fund Carmignac Investissement.
- The main detractor was our technology exposure, particularly SK Hynix and SK Square. Although Korean memory manufacturers have limited exposure to rising energy prices, their share prices corrected significantly due to profit-taking following strong gains since the beginning of the year. TSMC also declined over the month.
- In addition, the underweight in the energy sector weighed on the performance of the master fund over the period.
Outlook strategy
- Looking ahead, uncertainty is likely to remain elevated as long as tensions in the Middle East persist, with market dispersion expected to stay high. At this stage, markets appear to be pricing in an inflation shock, but not yet a meaningful slowdown in growth. The duration of the conflict will be key, as a prolonged disruption could increase the risk of more persistent economic damage.
- Any market dislocation unconnected to underlying fundamentals can create an attractive entry point. More broadly, we remain tilted towards high-quality factors while maintaining a cautious stance on the portfolio’s overall valuation.
- As a feeder fund of Carmignac Investissement, the strategy benefits from the same equity engine and leverages Kristofer Barrett’s rigorous stock selection.
- At the same time, we continue to actively manage net equity exposure, maintaining a cautious stance in the short term given the highly volatile macroeconomic and geopolitical environment.
- We also remain ready to swiftly increase equity exposure in order to capture a potential market rebound.
Performance Overview
Data as of: Apr 9, 2026.Past performance is not necessarily indicative of future performance. Performances are net of fees (excluding possible entrance fees charged by the distributor). The Fund presents a risk of loss of capital.
Morningstar Rating™ : © 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 11/04/2026
Key figures
Below are some key figures to help you understand the Fund's management and positioning.
Exposure Data
Data as of: Mar 31, 2026.Net Equity Exposure50.3 %
Global investment rate97.5 %
Master Fund Allocation98.0 %
To Access the weekly view
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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