
Flash Note
Flash Note
Chapter 4: Proof of the philosophy…is in the performance Fixed Income Views: Balancing Caution and Opportunities
![[Medallion] [Flashnote] [Fixed Income] Opened book [Medallion] [Flashnote] [Fixed Income] Opened book](/uploads/article/0001/01/180753ac3b66a6809c840072a8a703dc4a1b6de2.jpeg)
Carmignac Portfolio Unconstrained Global Bond
Global, conviction-driven and flexible approach of Carmignac Portfolio Unconstrained Global Bond has borne fruit and boasts of a sturdy 5-year track record, outperforming both peer group average(1) and its reference indicator, JP Morgan GBI Index.
The 1st decile ranking over 5Y and 4-star overall Morningstar rating not only demonstrate strong outperformance amongst peer group(1) but also the ability to generate above average risk-adjusted returns.
Outperforming both peer group average and JP Morgan GBI Index
![[Insights] 2016 08_FN_Fund_CGB (All) 1 EN [Insights] 2016 08_FN_Fund_CGB (All) 1 EN](/uploads/article/0001/01/4f4b07c2d8c38e13c9c37feb6d933d61f54bdd50.png)
![[Insights] 2016 08_FN_Fund_CGB (All) 2 EN [Insights] 2016 08_FN_Fund_CGB (All) 2 EN](/uploads/article/0001/01/f7058c5be2d54168957464fa80487fd9fe278b26.png)
Main risks of Carmignac Portfolio Unconstrained Global Bond
INTEREST RATE RISK
Interest rate risk results in a decline in the net asset value in the event of a variation in interest rates.
CREDIT RISK
Credit risk is the risk that the issuer may default.
CURRENCY RISK
Currency risk is linked to exposure to a currency other than the Fund’s valuation currency.
![[Scale risk] 4_EN [Scale risk] 4_EN](/uploads/article/0001/02/aca12cba7e9c5e7874c74eea672fd851411eb35d.jpeg)
*SRRI from the KIID (Key Investor Information Document): scale from 1 (lowest risk) to 7 (highest risk); category-1 risk does not mean a risk-free investment. This indicator may change over time.
*SRRI from the KIID (Key Investor Information Document): scale from 1 (lowest risk) to 7 (highest risk); category-1 risk does not mean a risk-free investment. This indicator may change over time.