Our global equity OEIC strategy celebrates its 1-year anniversary
Published on
1 July 2021
Read time
1 minute(s) read
Launched on the 15th May 2020, FP Carmignac Global Equity Compounders is a global equity fund managed by Mark Denham and Obe Ejikeme, which aims to deliver long-term returns by investing in sustainable high-quality compounders.
Thanks to a well-oiled investment process, the Fund is living up to its promises, delivering a performance of +32.73% since its launch over 1 year ago versus +31.41% for the comparative benchmark1, despite particularly complex and volatile markets.
A strategy focusing on…
Quality
We focus on finding companies that exhibit the characteristics we believe are needed to successfully grow over time, that is, high quality companies with sustainable profitability, “compounders” that reinvest their earnings for future growth.
Cyclicality
Rather than flipping over the entire book when a cycle rotation is brewing, we adjust the sizing of our positions, tilting the portfolio in a more cyclical or defensive way, based on our view of the cycle. This has allowed us to mitigate the impact of the sector rotation that has been taking place since late 2020.
Sustainability
We believe companies with strong ESG profiles do better over time. Thus, we analyse the firms’ ESG practices alongside conventional financials, excluding those operating in harmful sectors or conflicting with our principles, while favouring those making a positive contribution to society or the environment.
1 As of 15/06/2021. For the A GBP acc share class. Comparative benchmark: MSCI World (USD), reinvested net dividends. Converted daily, for unhedged share classes into the reference share class currency and into EUR for hedged share classes. Past performance is not necessarily indicative of future performance. Performances are net of fees (excluding possible entrance fees charged by the distributor). The return may increase or decrease as a result of currency fluctuations.
FP Carmignac Global Equity Compounders A GBP ACC
ISIN: GB00BMGLBK75
- Recommended minimum investment horizon
- 5 years
- Risk indicator*
- 6/7
- SFDR - Fund Classification
- Article -
*Risk Scale from the KIID (Key Investor Information Document). Risk 1 does not mean a risk-free investment. This indicator 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.Liquidity: Temporary market distortions may have an impact on the pricing conditions under which the Fund might be caused to liquidate, initiate or modify its positions.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.
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PROMOTIONAL MATERIAL. For professional investors only. This document may not be reproduced, in whole or in part, without prior authorisation from the Investment Manager. This document does not constitute a subscription offer, nor does it constitute investment advice. FP Carmignac ICVC (the “Company”) is an Investment Company with variable capital incorporated in England and Wales under registered number 839620 and is authorised by the Financial Conduct Authority (the “FCA”) with effect from 4 April 2019 and launched on 15 May 2019. FundRock Partners Limited is the Authorised Corporate Director (the “ACD”) of the Company and is authorised and regulated by the FCA. Registered Office: Hamilton Centre, Rodney Way, Chelmsford, England, CM1 3BY; Registered in England and Wales with number 4162989. Carmignac Gestion Luxembourg SA, UK Branch (Registered Office: 2 Carlton House Terrace, London, SW1Y 5AF. Registered in England and Wales with number FC031103, CSSF agreement of 10/06/2013) has been appointed as the Investment Manager and distributor in respect of the Company. Access to the Company may be subject to restrictions with regard to certain persons or countries. The Company is not registered in North America, in South America, in Asia nor is it registered in Japan. The Company has not been registered under the US Securities Act of 1933. The Company 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 Company’s prospectus, KIIDs and annual reports are available at www.carmignac.com or upon request to the Investment Manager. The KIID must be made available to the subscriber prior to subscription. This material was prepared by Carmignac Gestion Luxembourg SA and is being distributed in the UK by the Investment Manager. Carmignac Gestion – 24 place Vendôme – F-75001 Paris. Tel: (+33) 01 42 86 53 35 – Investment management company approved by the AMF – Public limited company with share capital of € 15,000,000 – RCS Paris B 349 501 676. Carmignac Gestion Luxembourg – City Link – 7, rue de la Chapelle – L-1325 Luxembourg – Tel: (+352) 46 70 60 1 – Subsidiary of Carmignac Gestion – Investment fund management company approved by the CSSF – Public limited company with share capital of €23,000,000 – RC Luxembourg B 67 549.