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Carmignac launches Tech Solutions Fund to seize next wave of tech innovation

Published on
July 16, 2024
Read time
2 minute(s) read

Carmignac has launched Carmignac Portfolio Tech Solutions, an equity fund designed to seize the long-term sustainable opportunities in the global technology space.

The fund is one of the few tech funds with a sustainable investment objective in the European marketplace and is Article 9 under the Sustainable Finance Disclosure Regulation (SFDR).

For more than two decades, the tech sector has been a major driving force for equity markets globally. With artificial intelligence (AI) giving birth to new champions and expanding frontiers, the sector is accelerating again, triggering the start of a new technology cycle. Technology is at the heart of environmental and social transitions already at work, making it a true enabler of long-term sustainable growth.

The fund is managed by Kristofer Barrett, manager of the global equity strategy, Carmignac Investissement and co-manager of the flexible multi-asset strategy, Carmignac Patrimoine. Kristofer is an active stock picker who managed a technology equity strategy from March 2020 to February 2024 before joining Carmignac in April 2024. During this almost four-year period the strategy achieved top percentile performance, with an annualised excess return of 17.4% vs. the tech index and of 13.8% vs. the tech category average1. Furthermore, this outperformance was generated consistently overtime, evidencing Kristofer’s ability to successfully navigate different market conditions. This includes top quartile performance in up markets, such as 2021 and 2023, and down markets like 20222, the worst year for the tech sector since 2008.

Carmignac Portfolio Tech Solutions utilises a blended approach, mixing an inherently growth-focused investment strategy with value opportunities. The result is a flexible and concentrated portfolio, investing in companies of all market capitalisations and a bias towards the US and Asia to cover the full innovation value chain.

Kristofer Barrett comments: “Our technology fund is designed to capture today, the growth of tomorrow by investing sustainably in companies with superior management creating indispensable products, driving innovation and providing solutions for a changing world.”

Maxime Carmignac, Chief Executive Officer of Carmignac UK and head of strategic product development at Carmignac, comments: “Technology has been a high conviction investment theme at Carmignac for many years. With technology becoming more pervasive, we believe Kristofer is the ideal portfolio manager to navigate this unchartered phase. He has demonstrated his great stock-picking abilities in both rising and declining markets, resulting in considerable and consistent outperformance. I am looking forward to introducing this new investment solution to our clients, many of whom are eager to gain exposure to tomorrow’s tech champions via a highly-selective approach.”

1Source: Morningstar. Kristofer Barrett was portfolio manager of Swedbank Robur Technology (SE0000538944) from 1 March 2020 to 19 February 2024. UCITS funds domiciled in Europe included in the Sector Equity Technology Morningstar category. Technology index: MSCI World/IT Services.

2Source: Morningstar.

Carmignac Portfolio Tech Solutions

A Fund unleashing the potential of tech companies across the world
Discover the fund page

Carmignac Portfolio Tech Solutions F EUR ACC

ISIN: LU2809794576
Recommended minimum investment horizon
5 years
Risk indicator*
5/7
SFDR - Fund Classification**
Article 9

*Risk Scale from the KID (Key Information Document). Risk 1 does not mean a risk-free investment. This indicator may change over time. **Sustainable Finance Disclosure Regulation (SFDR) 2019/2088. The SFDR classification of the Funds 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.
Currency: Currency risk is linked to exposure to a currency other than the Fund’s valuation currency, either through direct investment or the use of forward financial instruments.
Emerging Markets: Operating conditions and supervision in "emerging" markets may deviate from the standards prevailing on the large international exchanges and have an impact on prices of listed instruments in which the Fund may invest.
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. Please refer to the Fund’s prospectus to view the exhaustive list of risks.

Fees

ISIN: LU2809794576
Entry costs
We do not charge an entry fee. 
Exit costs
We do not charge an exit fee for this product.
Management fees and other administrative or operating costs
1,15 % of the value of your investment per year. This estimate is based on actual costs over the past year.
Performance fees
20,00 % when the share class overperforms the Reference indicator during the performance period. It will be payable also in case the share class has overperformed the reference indicator but had a negative performance. Underperformance is clawed back for 5 years. The actual amount will vary depending on how well your investment performs. The aggregated cost estimation above includes the average over the last 5 years, or since the product creation if it is less than 5 years.
Transaction Cost
0,35 % of the value of your investment per year. This is an estimate of the costs incurred when we buy and sell the investments underlying the product. The actual amount varies depending on the quantity we buy and sell.

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DISCLAIMER

This is a marketing communication. This document may not be reproduced, in whole or in part, without prior authorisation from the management company. 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. It 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.

Past performance is not necessarily indicative of future performance. Performances are net of fees (excluding possible entrance fees charged by the distributor).

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.