Share Class
LU2809794576
A Fund unleashing the potential of tech companies across the world
- Investing in companies that are driving innovation that represent a solution to a changing world.
- An opportunistic approach capturing attractive trends worldwide across the value chain.
- A strategy that goes beyond investing in the tech sector by capturing technology in a wider spectrum.
Key documents
Asset Allocation
Equities98.8 %
Other1.2 %
Data as of: Aug 29, 2025.
Risk Indicator
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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
+ 28.4 %
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+ 37.1 %
To 25/09/2025
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
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+ 6.5 %
Net Asset Value
128.45 €
Asset Under Management
284 M €
Net Equity Exposure29/08/2025
98.8 %
SFDR - Fund Classification
Article
9
Data as of: Aug 29, 2025.
Data as of: Sep 25, 2025.
Carmignac Portfolio Tech Solutions 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: Aug 29, 2025.Fund management team
Performance commentary
- Over the month of August the fund had a negative absolute return but outperformed its benchmark.
- Our positive relative performance came mostly from stock selection in our Industrial Tech & Digital Infrastructure theme.
- Arista Networks, Astera Labs and Innodisk were among our largest performance contributors as demand for scalable, high performance networking and connectivity solutions drove growth across the sector.
- In the cloud & software space, Alphabet was our top contributor over the month with continued performance we have been seeing over the past months.
Outlook strategy
- In August, we continued building our position in Nitto Boseki within the Tech Materials space.
- Within the AI value chain, these materials are used in servers for their exceptional thermal and mechanical stability.
- Similarly we added to our position in Broadcom by trimming names that performed well like Astera Labs and Arista Networks.
- Over the month, We also initiated a small position in Qualcomm based on valuation and the potential upside in AI. And sold out of small positions we had in Vertiv and Oracle.
Performance Overview
Data as of: Sep 25, 2025.Source: Carmignac at 28/09/2025
Carmignac Portfolio Tech Solutions Portfolio overview
Below is an overview of the composition of the portfolio.
Geographical Breakdown
Data as of: Aug 29, 2025.| North America | 63.0 % |
| Asia | 28.5 % |
| Europe | 7.5 % |
| Asia-Pacific | 1.0 % |
To Access the weekly view
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 Weight98.8 %
Net Equity Exposure98.8 %
Number of Equity Issuers40
Active Share61.2 %
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
Now that technology is accelerating at a faster pace, we aim to capitalise on the significant impact it is having on global equity markets.
Articles that may interest you
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Market environment
Markets have been climbing the wall of worry for most of the summer.
In August 2025, equity markets posted solid gains globally, with major indices such as the S&P 500 and Nasdaq reaching new record highs. These gains were primarily driven by a small group of mega-cap technology firms, including Nvidia, Microsoft, Apple, and Amazon.
At Jackson Hole, following the release of July’s US non-farm payrolls—which suggested a slowing labour market—Powell opened the door to potential mid-September rate cuts. This fueled expectations of an aggressive cutting cycle.
European markets underperformed in local currencies, with France lagging in particular due to political uncertainties.
Chinese onshore equities rose to decade highs, supported by optimism around anti-involution reforms, strength in the technology sector, and incremental government measures aimed at boosting the equity market.
The euro appreciated against the dollar over the period, creating a divergence between local currency and euro-denominated index performances.