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THE CARMIGNAC PATRIMOINE RANGE
Turnkey solutions to build your savings over the long term
“I was not aware of being a pioneer or that our successful formula would be copied by many of our competitors. It has become an important asset class”.
Edouard Carmignac
BACK TO BASICS
PATRIMOINE, AN ASSET ALLOCATION SOLUTION SINCE 1989
A VAST INVESTMENT UNIVERSE
Gain access to multiple performance drivers (bonds, equities and currencies) to seize opportunities with no sectoral or geographical constraints.
A DYNAMIC AND FLEXIBLE APPROACH
Benefit from true flexibility to adapt rapidly to market fluctuations thanks to active management of exposures.
RISK MANAGEMENT AT THE HEART OF THE MANDATE
Manage risks with a twofold objective: cushion market falls and exploit opportunities when they arise.
THE ADVANTAGES OF CARMIGNAC’S “PATRIMOINE” APPROACH
Carmignac, recognised for its strong macroeconomic convictions, has stuck to its investment approach since 1989 while constantly adapting to react better to increasingly complex environments.
The strengths of our historical tools …
… continuously refined
To face complex market configurations and continue to best serve our clients, we always strive to evolve and improve. Whether through new performance drivers or the reinforcement of our investment team, Patrimoine strategies are constantly enhanced to keep their mandate intact.
Being long-term investors, we act responsibly and fully integrate ESG criteria in our processes (environment, social and governance). We have developed a proprietary ESG system (START) that provides an internal analysis and reinforces our investment decisions.
ONE VISION, THREE STRATEGIES
CARMIGNAC PATRIMOINE
For investors seeking a global turnkey solution to manage each phase of the economic cycle.
Withstand crises and identify the key market trends since 1989.
Gain access to numerous performance drivers across the world: equities, bonds and currencies.
Combine long-term growth and resilience with a socially responsible approach (SFDR classification**: Article 8).
CARMIGNAC PORTFOLIO PATRIMOINE EUROPE
For investors seeking exposure to Europe through dynamic management of risks and opportunities.
A rigorous selection of innovative and quality companies with no geographical or sectoral constraints.
Access to a variety of performance drivers: European equities and bonds.
Benefit from a socially responsible Fund that aims to positively contribute to society and the environment (SRI Label, SFDR classification**: Article 8).
CARMIGNAC PORTFOLIO EMERGING PATRIMOINE
For investors seeking diversification by gaining exposure to emerging countries through different asset classes.
Access to a rich and heterogeneous universe through a socially responsible approach (SRI Label, SFDR classification**: Article 8).
Exploit decorrelations between different asset classes, geographical regions and sectors.
Benefit from multiple performance drivers: equities, bonds and emerging currencies.
PATRIMOINE RANGE IN FIGURES
of experience in diversified investment through our flagship strategy Carmignac Patrimoine.
awards for the Patrimoine funds in 2022 and 2021 at both local and pan-European level*.
distinct and complementary investment universes: international, European and emerging markets.
* Source: Carmignac, 31/12/2022. The reference to a ranking or prize, is no guarantee of the future results of the UCIS or the manager. Discover our awards.
Rose Ouahba, Head of the fixed income team, Co-manager of Carmignac Patrimoine
“Something quite special about Patrimoine is that it is truly a timeless investment solution. It’s relevant today and will stay relevant over the next 30 years”.
MAIN RISKS OF THE FUNDS
Carmignac Patrimoine
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. INTEREST RATE: Interest rate risk results in a decline in the net asset value in the event of changes in interest rates. CREDIT: Credit risk is the risk that the issuer may default. 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.
Carmignac Portfolio Patrimoine Europe
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. INTEREST RATE: Interest rate risk results in a decline in the net asset value in the event of changes in interest rates. CREDIT: Credit risk is the risk that the issuer may default. 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.
Carmignac Portfolio Emerging Patrimoine
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. INTEREST RATE: Interest rate risk results in a decline in the net asset value in the event of changes in interest rates. CREDIT: Credit risk is the risk that the issuer may default. 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.
The Funds present a risk of loss of capital.
*A EUR Acc share classes – SRI from the KID (Key Information Document): scale from 1 (lowest risk) to 7 (highest risk); category-1 risk does not mean a risk-free investment. **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.
GLOSSARY
• Modified duration: A bond’s modified duration measures the risk attached to a given change in the interest rate. Modified duration of +2 means that for an instantaneous 1% rate increase, the portfolio’s value would drop by 2%. • ESG: Environmental, Social and Governance. • START: System for Tracking and Analysis of a Responsible Trajectory. The proprietary ESG system START combines and aggregates market leading data providers ESG indicators. Given the lack of standardisation and reporting of some ESG indicators by public companies, not all relevant indicators can be taken into consideration. START provides a centralised system whereby Carmignac’s proprietary analysis and insights related to each company are expressed, irrespective of the aggregated external data should it be incomplete.
MARKETING COMMUNICATION. Please refer to the KID/prospectus of the Fund before making any final investment decisions. Source: Carmignac, 01/01/2023
This material may not be reproduced, in whole or in part, without prior authorisation from the management company. It does not constitute a subscription offer, nor does it constitute investment advice. The information may be partial and may be modified without prior notice. The Management Company can cease promotion in your country anytime. Investors have access to a summary of their rights in English at the following link (paragraph 6: “Summary of investor rights”): https://www.carmignac.com/en_US/article-page/regulatory-information-1788.
Carmignac Patrimoine is a common fund in contractual form (FCP) conforming to the UCITS Directive under French law. Carmignac Portfolio Patrimoine Europe and Carmignac Portfolio Emerging Patrimoine refer to the sub-funds of Carmignac Portfolio SICAV, an investment company under Luxembourg law, conforming to the UCITS Directive. Access to Funds may be subject to restrictions regarding certain persons or countries. The Funds are not registered in North America, nor in South America. The Funds have not been registered under the US Securities Act of 1933. 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 risks, fees and ongoing charges are described in the KID (Key Information Document). The Fund's prospectus, KIDs, NAV and annual reports are available at www.carmignac.com or upon request to the Management Company. • In Switzerland, the Fund’s prospectus, KIDs and annual reports are available at www.carmignac.ch or through our representative in Switzerland, CACEIS (Switzerland), S.A., Route de Signy 35, CH-1260 Nyon. The paying agent is CACEIS Bank, Paris, succursale de Nyon / Suisse, Route de Signy 35, 1260 Nyon. The KID must be made available to the subscriber prior to subscription.