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Carmignac's Note
2019, or the conclusion of the three-way collision
The end of a given monetary policy stimulus unavoidably raises the cost of risk, thereby reducing price/earnings ratios
Our Insights
![[Carmignac Note] [Main Media]](/uploads/article/0001/03/fe142da9470dd3dd4c7642fdbe8631b3493b2ccf.jpeg "[Carmignac Note] [Main Media]")
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![[Lettre Edouard Carmignac] [Main media] Edouard Carmignac](/uploads/article/0001/01/a86d5f15d663c68af7c180a5c11c80ff745bece2.jpeg "[Lettre Edouard Carmignac] [Main media] Edouard Carmignac")
![[Management Report] [Small Tile] Financial Chart](/uploads/article/0001/03/d9a19094338f971f46e2f2432efe10747b64090e.jpeg "[Management Report] [Small Tile] Financial Chart")
![[Web Conference] [Main Media] Equities Background](/uploads/article/0001/06/c3061e22ad79fc61bfcdec0e1baebf177a8d17af.jpeg "[Web Conference] [Main Media] Equities Background")
![[Web Conference] [Small Tile] Charles Zerah](/uploads/article/0001/06/943e13ae168984e276b63d26197a3c67581086af.png "[Web Conference] [Small Tile] Charles Zerah")
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News
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NAV & performances
At 14/12/2018. Past performance is not necessarily indicative of future performance.
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Charles Zerah - Best Fund Manager
Global, Citywire - Switzerland
April 2017 -
Carmignac Patrimoine - Best Mixed Fund - 20 years
€uro Fund Award 2018 - Germany
February 2018 -
Carmignac Portfolio Patrimoine - Best Global Asset Allocation Fund
TFF-Bloomberg Best Fund - Taiwan
March 2017
At 14/12/2018. Past performance is not necessarily indicative of future performance.
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Equity management
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NAV 1 085.51 €D-1 -1.07
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NAV 117.88 $D-1 -1.09
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NAV 778.82 €D-1 -1.09
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NAV 115.90 $D-1 -1.09
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NAV 105.43 $D-1 -1.66
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NAV 328.40 €D-1 -1.33
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NAV 154.37 $D-1 -1.30
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NAV 141.53 $D-1 -0.68
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NAV 130.56 $D-1 -1.02
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Mixed Management
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NAV 580.69 €D-1 -0.39
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NAV 109.88 $D-1 -0.40
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NAV 112.82 $D-1 -0.49
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NAV 373.30 €D-1 -0.06
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NAV 132.31 $D-1 -0.05
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NAV 97.05 €
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NAV 225.29 €D-1 -0.97
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NAV 95.80 €D-1 -0.96
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Fixed income management
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NAV 1 701.53 €D-1 -0.05
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NAV 110.00 $D-1 -0.05
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NAV 1 078.76 $D-1 -0.07
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NAV 130.78 $D-1 0.15
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NAV 3 728.97 €
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NAV 94.46 €D-1 -0.21
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Profiled management
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NAV 178.89 €D-1 -0.07
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NAV 220.08 €D-1 -0.09
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NAV 202.28 €D-1 -0.10
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Contact Us
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