Rethinking reinvestment: Unlocking the true power of compounding

Published on
14 October 2025

We are pleased to have partnered with Citywire during the first half of 2025 to shine a spotlight on our fund FP Carmignac Global Equity Compounders.

In a world obsessed with short-term performance, compounding remains one of the most powerful and underrated forces in investing according to Mark Denham and Obe Ejikeme, co-managers of FP Carmignac Global Equity Compounders.

In their latest conversation with Citywire filmed in March 2025, Mark Denham and Obe Ejikeme share how a disciplined focus on quality, reinvestment, and long-term vision continues to drive their global equity strategy. Watch their interview.

FP Carmignac Global Equity Compounders

A global, high-conviction equity fund for long-term investors
Discover our Fund

FP Carmignac Global Equity Compounders B GBP ACC

ISIN: GB00BMGLBL82
Recommended minimum investment horizon
5 years
Risk indicator*
6/7
SFDR - Fund Classification
Article -

*Risk Scale from the KIID (Key Investor Information Document). Risk 1 does not mean a risk-free investment. This indicator may change over time.

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.
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.
Discretionary Management: Anticipations of financial market changes made by the Management Company have a direct effect on the Fund's performance, which depends on the stocks selected.
The Fund presents a risk of loss of capital.

Fees

ISIN: GB00BMGLBL82
Maximum subscription fees paid to distributors
0.00%
Redemption Fees
0.00%
Conversion Fee
-
Ongoing Charges
0.60%
Management Fees
0.52% MAX
Performance Fees
-

Footnote

Performance

ISIN: GB00BMGLBL82
FP Carmignac Global Equity Compounders23.323.0-18.821.318.0-0.2
Reference Indicator19.822.9-7.816.820.89.2
FP Carmignac Global Equity Compounders+ 13.3 %+ 8.8 %+ 11.1 %
Reference Indicator+ 16.2 %+ 13.5 %+ 14.7 %

Source: Carmignac at 30 Sep 2025.
​Past performance is not necessarily indicative of future performance. Performances are net of fees (excluding possible entrance fees charged by the distributor).

Reference Indicator: MSCI World NR index

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Marketing communication. Please refer to the KIID/prospectus of the Fund before making any final investment decisions. This document is intended for professional clients.
This document was prepared by Carmignac Gestion, Carmignac UK Ltd or Carmignac Gestion Luxembourg and is being distributed in the UK by Carmignac Gestion Luxembourg. FP Carmignac ICVC (the “Company”) is an Investment Company with variable capital incorporated in England and Wales under registered number 839620 and is authorised by the Financial Conduct Authority with effect from 04/04/2019 and launched on 15 May 2019. FundRock Partners Limited is the Authorised Corporate Director (the “ACD”) of the Company and is authorised and regulated by the Financial Conduct Authority. Registered Office: Second Floor, Hamilton Centre, Rodney Way, Chelmsford, CM1 3BY, UK (Registered in England and Wales under No 4162989). Carmignac Gestion Luxembourg SA has been appointed as the Investment Manager and distributor in respect of the Company. Carmignac UK Ltd, has been appointed as a sub-Investment Manager of the Company. Carmignac UK Ltd (Registered in England and Wales under No 14162894) is authorised and regulated by the Financial Conduct Authority (FRN:984288).
This material may not be reproduced, in whole or in part, without prior authorisation from the Management Company. This material does not constitute a subscription offer, nor does it constitute investment advice. This material has been provided to you for informational purposes only and may not be relied upon by you in evaluating the merits of investing in any securities or interests referred to herein or for any other purposes. The information contained in this material may be partial information and may be modified without prior notice.
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. 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.
Access to the Fund may be subject to restrictions regarding certain persons or countries. The Fund has not been registered under the US Securities Act of 1933. The Fund may not be offered or sold, directly or indirectly, for the benefit or on behalf of a «U.S. person», according to the definition of the US Regulation S and FATCA. The risks, fees and ongoing charges are described in the KIID. The KIID must be made available to the subscriber prior to subscription. The subscriber must read the KIID. Investors may lose some or all their capital, as the capital in the funds are not guaranteed. The Fund’s prospectus, KIID, NAV and annual reports are available at www.carmignac.com, or upon request to the Management Company. The Management Company can cease promotion in your country anytime. Investors have access to a summary of their rights in English at section 5 of "regulatory information page" on the following link: https://www.carmignac.com/en-gb/regulatory-information.

CARMIGNAC GESTION 24, place Vendôme - F-75001 Paris - Tel : (+33) 01 42 86 53 35 Investment management company approved by the AMF Public limited company with share capital of € 13,500,000 - RCS Paris B 349 501 676.
CARMIGNAC GESTION Luxembourg - City Link - 7, rue de la Chapelle - L-1325 Luxembourg - Tel : (+352) 46 70 60 1 Subsidiary of Carmignac Gestion - Investment fund management company approved by the CSSF. Public limited company with share capital of € 23,000,000 - RCS Luxembourg B 67 549.