Carmignac Patrimoine, an international balanced fund, now has over EUR10bn in assets under management.
Carmignac Patrimoine, an international balanced fund, now has over EUR10bn in assets under management.
The fund’s manager says the fund is now an essential product for covering investors’ strategic long-term savings needs, particularly with a view to funding retirements.
On average, since it was created on 7 November 1989, Carmignac Patrimoine has achieved a performance of 9.4 per cent per year.
It had a performance of 0.01 per cent in 2008 (compared with -12 per cent for its index) and five per cent in 2002 (compared with -15.6 per cent for its index).
Carmignac Patrimoine is an international balanced fund with a global approach. It can activate various performance drivers depending on the economic environment, on equities, fixed-income products and currencies. Its rate of investment in equities may vary from zero per cent to 50 per cent, while its investment rate on bonds may range from 50 per cent to 100 per cent.
It is vverseen by Edouard Carmignac for equities, Rose Ouahba for fixed income and Frédéric Leroux for hedging.
