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Edouard Carmignac's letter
There is one drawback to getting something for free: eventually, you get used to it. For nearly 15 years, governments, companies and investors have lived in a world where money seemed almost endlessly available. Governments spent, companies invested, markets assigned value. Why choose when almost everything can be financed?
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NEWS & ANALYSIS

Edouard Carmignac's letter • October 6, 2026 • English

Edouard Carmignac's letter

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Carmignac's Note • September 23, 2026 • English

It is time for the ECB to depart from orthodoxy!

3 minute(s) read
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Strategies insights • October 21, 2026 • English

A flexible credit fund as a response to a more challenging environment

4 minute(s) read
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For more than 35 years, the quality of the Carmignac brand and the performance of our Funds has regularly been recognised by both business and retail press across Europe.

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This document may not be reproduced, in whole or in part, without prior authorisation from the management company. This document does not constitute a subscription offer, nor does it constitute investment advice. The information contained in this document may be partial information, and may be modified without prior notice. Access to the Funds may be subject to restrictions with regard to certain persons or countries. The Funds 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/or FATCA. The Funds present a risk of loss of capital. The risk, fees and ongoing charges are described in the KIDs (Key Information Document). The Funds' respective prospectuses, KIDs, NAV and annual reports are available at carmignac.com, or upon request to the Management Company. The KIDs must be made available to the subscriber prior to subscription. The reference to a ranking or prize, is no guarantee of the future results of the UCIS or the manager. To learn more about the awards' methodology, please visit the dedicated page.