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Europe: Opportunities amid complexity

Published on
5 February 2021
Read time
1 minute(s) read

It is always the right time to invest in Europe, if you have the right approach.

Looking back at 2020, the term “expect the unexpected” takes on a whole new meaning. It has been a restless, eventful year for Fund Managers across all asset classes and regions, and for those who were successful it was not by chance.
In particular Mark Denham and Keith Ney, whose Carmignac Portfolio Patrimoine Europe fund delivered an annual return of 13.9% to investors, placing it in the 1st percentile of its Morningstar category (1).

Listen to our European duo explain how they managed 2020 and share their outlook for 2021.

Europe is a complex region, but if you invest correctly, you can convert that complexity into a series of opportunities

Find out more on Carmignac Portfolio Patrimoine Europe:
Visit the Fund page
(1) Source: Carmignac, Morningstar, 31/12/2020. For the A EUR share class. 2020 performance – 13.86% for the fund versus 2.35% for its reference indicator (50% STOXX Europe 600 (reinvested net dividends) + 50% BofA Merrill Lynch All Maturity All Euro Government. Quarterly rebalanced.). Past performance is not necessarily indicative of future performance. Performances are net of fees (excluding possible entrance fees charged by the distributor), where applicable. The return may increase or decrease as a result of currency fluctuations, for the shares which are not currency-hedged © 2020 Morningstar, Inc - All rights reserved. Morningstar Category: EUR Moderate Allocation.

Carmignac Portfolio Patrimoine Europe A EUR Acc

ISIN: LU1744628287
Recommended minimum investment horizon
3 years
Risk indicator*
3/7
SFDR - Fund Classification**
Article 8

*Risk Scale from the KID (Key Information Document). Risk 1 does not mean a risk-free investment. This indicator may change over time. **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.

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.Interest Rate: Interest rate risk results in a decline in the net asset value in the event of changes in interest rates.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.Credit: Credit risk is the risk that the issuer may default.
The Fund presents a risk of loss of capital.

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All analysis
PROMOTIONAL MATERIAL. This document may not be reproduced, in whole or in part, without prior authorisation from the management company. This document does not constitute a subscription offer, nor does it constitute investment advice. The information contained in this document may be partial information and may be modified without prior notice. Carmignac Portfolio Patrimoine Europe is a sub-fund of Carmignac Portfolio SICAV, an investment company under Luxembourg law, conforming to the UCITS Directive. The Fund's prospectus, KIIDs, NAV and annual reports are available at www.carmignac.com or upon request to the Management Company. Access to the Fund may be subject to restrictions with regard to certain persons or countries. The Fund is not registered in North America, nor in South America. The Fund has not been registered under the US Securities Act of 1933. The Fund 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 Fund presents a risk of loss of capital. The risks, fees and ongoing charges are described in the KIID (Key Investor Information Document). • In Switzerland, the prospectus, KIIDs and annual report 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 KIID must be made available to the subscriber prior to subscription.