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
Equities94.4 %
Other5.6 %
Data as of: Sep 30, 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
+ 54.9 %
-
+ 51.1 %
+ 51.7 %
+ 17.2 %
To 09/10/2025
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
-
-
-
-
-
+ 12.4 %
- 6.0 %
+ 2.3 %
+ 13.5 %
+ 10.4 %
Net Asset Value
154.89 €
Asset Under Management
226 M €
Net Equity Exposure30/09/2025
79.5 %
SFDR - Fund Classification
Article
8
Data as of: Sep 30, 2025.
Data as of: Oct 9, 2025.
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: Sep 30, 2025.Fund management team
Performance commentary
- The fund delivered a solid performance over the month, both in absolute and relative terms.
- Emerging markets — particularly our technology selections such as TSMC and SK Hynix — were the main contributors during the period.
- Diversified exposure across the tech value chain also added value, with Alphabet, Nvidia, and Celestica among the top performers.
- Stock picking in the industrial sector was another positive driver, notably in electrification-related names like Prysmian and Schneider Electric, as well as in aerospace.
- Conversely, our financial holdings focused on infrastructure underperformed, with S&P Global and Block being the main detractors.
- Nevertheless, the implementation of hedges on technology equities, as well as our US dollar hedge, slightly weighed on the strategy’s absolute performance.
Outlook strategy
- The backdrop remains supportive for equities, with loose financial conditions and US growth set to reaccelerate into 2026. Still, stretched valuations call for greater discipline.
- AI capex momentum stays strong, but signs of excess and unjustified multiple expansion are emerging in parts of unprofitable tech.
- We stay focused on valuation and profitability—locking in gains in semiconductors and rotating into lagging software names such as ServiceNow, Salesforce, and GitLab.
- We reinforced our financial exposure through high-quality compounders (S&P Global, Tradeweb, Intercontinental Exchange) while keeping a selective stance on EM banks (Kotak Mahindra, Itaú Unibanco, Banorte).
- Core themes remain: AI across hardware and applications in Asia and the US; industrials tied to electrification, reindustrialisation, and aerospace; and high-quality financials.
- In Carmignac Investissement Latitude, we continue to maintain a cautious stance on equity markets (60-70% equity exposure) and have hedged a significant portion of our U.S. dollar exposure.
Performance Overview
Data as of: Oct 9, 2025.Past performance is not necessarily indicative of future performance. Performances are net of fees (excluding possible entrance fees charged by the distributor).
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 11/10/2025
Key figures
Below are some key figures to help you understand the Fund's management and positioning.
Exposure Data
Data as of: Sep 30, 2025.Net Equity Exposure79.5 %
Global investment rate97.3 %
Master Fund Allocation97.0 %
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.
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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