Carmignac Absolute Return Europe A EUR Acc

The fund aims to achieve net positive performance over the recommended investment horizon of three years. The fund pursues a long/short strategy focused on fundamentals and aimed at creating a portfolio of long and short positions in financial instruments eligible for the fund's net assets. At least 75% of the fund's net assets is invested in shares of small, mid and large-cap companies in the European Economic Area, while the remainder may be invested in shares of issuers located outside the European Economic Area. Systematic hedging (especially of PEA-eligible stocks) limits equity exposure to 50% of the fund's net assets. The fund may take short positions on underlying assets eligible for the fund to pursue relative value strategies aimed at taking advantage of the relative value between different instruments. The resultant net equity exposure may vary from -20% to +50% of the fund's net assets. The Fund may also have up to 25% of its net assets invested in bonds, treasury bills and money market instruments traded on French and foreign markets which the portfolio manager believes have the best upside potential or can reduce the portfolio's risk. Up to 25% of the Fund's net assets is exposed to currency risk through the purchase of securities denominated in currencies other than those of the European Economic Area. The derivatives liable to be used by the portfolio manager include options (vanilla, barrier, binary), futures, forwards, forward exchange contracts, swaps (including performance swaps), and CFDs (contracts for difference), involving one or more risks/underlying instruments in which the portfolio manager may invest. The amounts invested in securities with embedded derivatives, excluding contingent convertible and callable/puttable bonds, may not exceed 10% of the net assets. The portfolio manager may invest up to 10% of the net assets in contingent convertible bonds ("CoCos"). The fund has no reference indicator.

PIR compliant

No

PEA compliant

Yes

PEA-PME compliant

No