Alternative strategies
Carmignac Absolute Return Europe
Share Class
FR0010149179
Risk Indicator
3 / 7
Recommended Minimum Investment Horizon
3 years
Cumulative Performance since launch
Cumulative Performance 10 YearsCumulative Performance 5 YearsCumulative Performance 3 YearsCumulative Performance 12 Months
From 02/01/2003
To 25/09/2025
+ 126.7 %
+ 38.3 %
+ 10.4 %
- 4.4 %
- 2.7 %
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
- 8.0 %
+ 8.9 %
+ 14.6 %
+ 4.4 %
- 1.3 %
+ 5.2 %
+ 12.6 %
- 6.4 %
0.0 %
+ 3.6 %
Net Asset Value
409.57 €
Asset Under Management
158 M €
Net Equity Exposure29/08/2025
22.7 %
SFDR - Fund Classification
Article 8
Portfolio Composition
Discover the Fund's portfolio and allocation to get an overview of the distribution of its investments, to better understand its strategy, diversification and risk exposure.
Key figures
Below are the key figures for the Fund, which will give you a clearer idea of the Fund's management and equity positioning.
Exposure Data
Data as of: Aug 29, 2025.Equity Investment Weight88.9 %
Net Equity Exposure22.7 %
Number of Equity Issuers62
Active Share61.6 %
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TOP 10 Fund Positions
The main positions of Fund are classified according to their weighting and expressed as a percentage of the Fund's total assets.
Top Ten - Equities
Data as of: Aug 29, 2025.| FRESENIUS SE & CO KGAA |  Germany | Healthcare | 3.9% |
| DEUTSCHE TELEKOM AG | Germany | Communication Services | 2.7% |
| PROSUS NV |  China | Consumer Discretionary | 2.6% |
| SIEMENS ENERGY AG | Germany | Industrials | 2.0% |
| ALLEGRO.EU SA |  Poland | Consumer Discretionary | 1.8% |
| PRUDENTIAL PLC |  Hong Kong | Financials | 1.7% |
| ORANGE SA |  France | Communication Services | 1.7% |
| ASR NEDERLAND NV |  Netherlands | Financials | 1.5% |
| SSE PLC |  United Kingdom | Utilities | 1.5% |
| ASTRAZENECA PLC | United Kingdom | Healthcare | 1.5% |
Total
21.1 %
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Top 10 Short Positions
Data as of: Aug 29, 2025. Switzerland | Industrials | -0.9% |
| Netherlands | Communication Services | -0.9% |
| United Kingdom | Consumer Discretionary | -0.8% |
 Finland | Utilities | -0.8% |
| France | Consumer Staples | -0.8% |
 Spain | Consumer Discretionary | -0.8% |
| Germany | Healthcare | -0.8% |
| Germany | Industrials | -0.8% |
| Germany | Materials | -0.7% |
Total
-7.2 %
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Geographical Breakdown
The Fund’s exposure to specific country and region provides you with an insight on its diversification as well as the opportunities and risks involved. The geographic breakdown also provides an overview of the Fund's investment strategy and current positioning.
Geographical Breakdown
Data as of: Aug 29, 2025.| North America | 7.2 % | -1.5 % | 5.8 % |
| Others | 13.0 % | -6.4 % | 6.6 % |
| Europe EUR | 74.1 % | -49.6 % | 24.5 % |
| Europe ex-EUR | 22.1 % | -9.8 % | 12.3 % |
| Index Derivatives | 2.2 % | -28.6 % | -26.4 % |
North America5.8 %
 Canada | - | -0.2 % |
 USA | 7.2 % | -1.3 % |
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Sector Breakdown
The Fund’s exposure to specific sector provides you with an insight on its diversification as well as the opportunities and risks involved. The sector breakdown also provides an overview of the Fund's investment strategy and current positioning.
The Fund’s exposure to specific sector provides you with an insight on its diversification as well as the opportunities and risks involved. The sector breakdown also provides an overview of the Fund's investment strategy and current positioning.
Equity Exposure
The chart displays the proportion of the Fund's assets invested in equities and how this exposure has changed over time. It enables investors to understand the level of risk associated with the Fund and whether the asset allocation is in line with the Fund’s risk framework.
Equity Exposure (% of total AUM)
Data as of: Aug 29, 2025.- Equity Investment Rate
- Equity Exposure
Capitalisation Breakdown
The capitalisation breakdown refers to the distribution of the Fund's investments according to the size of the companies in which it invests. It indicates in which capitalisation categories (small, medium or large) the Fund allocates its capital.
Equity Derivatives
This table lists all the equity derivatives in the portfolio. It shows the underlying assets to which the fund is exposed and the fund's position (long or short) on each of these underlyings.
Equity Derivatives
Data as of: Sep 19, 2025.| Equity derivatives | ||
| ESTX BNK € PR | ||
| EURO STOXX 50 PR | ||
| FTSE 250 INDEX | ||
| NASDAQ 100 STOCK INDX | ||
| STXE 600 € PR | ||
| STXE 600 AU&PT € PR | ||
| STXE 600 IG&S € PR | ||
| STXE 600 REES € PR | ||
| STXE 600 TEL € PR |
Total (Long + Short)
-64.2 %
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