27 september 2011
Carmignac Gestion enhances its "Patrimoine" range with the launch of the Carmignac Emerging Patrimoine fund 

Carmignac Gestion's diversified approach applied to the emerging world

* Flexible asset allocation designed to take advantage of the long-term opportunities offered by the emerging universe 

Carmignac Emerging Patrimoine [ISIN Code: LU0592698954] is a diversified fund whose objective is to benefit from the prospects offered by emerging markets. In an environment marked by an ongoing economic slowdown in the developed world, this fund is dedicated to using a flexible and dynamic asset allocation to provide easier access to the opportunities offered by long-term domestic growth and solid public finances in emerging countries. 

Carmignac Emerging Patrimoine aims to broaden access to emerging markets through geographic diversification as well as through the three components — fixed income, equities and foreign currencies — of this large investment universe. This universe provides a rich source of bonds and equities that is continually augmented by the development of financing needs, both public and private.

* Unique know-how in conviction-based investment  

Consistent with its primary investment themes, first among them the improvement of the standard of living in the emerging world and the resulting need for commodities, Carmignac Gestion has developed unique expertise in flexible management enabling the implementation of long-term convictions whilst controlling volatility in the short term. Our particular management style enables investors to stay the course in the face of heavy market volatility in times of crisis. The Patrimoine approach seeks to generate positive performance under any market conditions over the recommended minimum investment horizon of five years. 

As with all of the funds in our range, security selection for Carmignac Emerging Patrimoine is driven by our global macroeconomic outlook combined with an in-depth analysis of companies and country risks. A main performance driver, portfolio construction is carried out in conjunction with strict macroeconomic risk management. Tactical allocation is made through active management of equity, fixed income and foreign exchange risk. Exposure to equity risk may vary from 0 to 50% and interest rate sensitivity may vary between – 4 to + 10. Active management of the currency component either allows the Fund to take advantage of the appreciation in local currencies or protects against the risk of depreciation.

* An addition to the range prepared for a context of crisis

After Carmignac Patrimoine (launched in 1989) and Carmignac Euro-Patrimoine (launched in 1997), invested in the global and European universes respectively, Carmignac Emerging Patrimoine rounds out the Patrimoine range to take advantage of domestic trends in those economic regions that will play a dominant role in world growth.