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Carmignac Pfl Global Bond A EUR acc

Ranked 142 out of 1167 in - Global over 12 months
All calculations are in USD unless stated

Managed by

Charles Zerah

Charles Zerah began his career as a fixed income portfolio manager at AXA IM in 1995, and started running emerging debt funds a year later. He joined Crédit Lyonnais AM in 1999 as a Senior Manager for the emerging bond market asset class. Following the merger of CLAM with CA-AM, Charles Zerah joined the international bond management team led by Bruno Crastes in London, where he was responsible for the overall of emerging bond markets management. Charles took over the management of Carmignac Global Bond in March 2010, and was appointed as co-manager of the newly launched Carmignac Emerging Patrimoine, a balanced emerging market fund investing across equity, fixed income and currency markets in the emerging space. Charles is responsible for the bond & currency portion of the Fund, which includes local currency as well as hard currency emerging debt. Born in 1973, Charles Zerah holds a Master’s degree in Banking and Finance and a DESS postgraduate diploma in Finance with a major in Financial Markets, from the University of Paris II Panthéon Assas.

Objective

The sub-fund aims to outperform its reference indicator over a period exceeding two years, using an active, discretionary investment strategy based on strategic and tactical positions as well as arbitrage on all international fixed income and currency markets. The reference indicator is the JP Morgan Global Government Bond Index, coupons reinvested. Various sources are used in a bid to outperform: Credit strategies, Interest rate strategies, Currency strategies. Up to 20% of the net assets may be invested in contingent convertible bonds.

Showing fund performance globally. You can view performance in individual jurisdictions.

Performance

Global over : 31/05/2016 - 31/05/2017
  • Rank 142/1167 Total Return
  • Rank 468/1167 Standard Deviation
  • Rank 377/1167 Max Drawdown
Fund Name Currency Risk
466 Tmpltn Global Bond Fund (Hedged)-A

Currency exposure is hedged

Currency exposure is hedged

CAD

6.3

466 HSBC Global Corporate Bond Investor Srs (US$) USD

6.3

468 Carmignac Pfl Global Bond A EUR acc USD

6.3

469 RBC Emerging Markets Foreign Exchange Sr A

Currency exposure is hedged

Currency exposure is hedged

CAD

6.3

470 BNP Paribas Core Bond Return Alpha Classic USD

6.3

470 Lazard Global Fixed Income Portfolio;Instl USD

6.3

470 SWC (CH) BF International (I) A USD

6.3

470 Aberdeen Global II - Global Bond Z2 USD

6.3

Fund Name Currency Loss
375 Tailor High Yield Opportunities C USD

-4.6%

375 PIMCO Global Advantage Strategy Bond Sr A USD

-4.6%

377 CSIMF Global Bonds ex Securitized ZAH

Currency exposure is hedged

Currency exposure is hedged

CHF

-4.6%

377 Carmignac Pfl Global Bond A EUR acc USD

-4.6%

379 PIMCO Capital Securities-Wholesale USD

-4.6%

379 NN (L) Glob Invest Grade Crdts Z Cap EUR USD

-4.6%

Total Return

Quarterly Performance

to 31/03/2017 Annual Q1 Q2 Q3 Q4
2017 3.3%
2016 6.3% 6.3% 2.3% 2.4% -4.5%
2015 -7.2% -0.7% -3.9% 0.2% -3.0%
2014 -0.1% 3.6% 2.6% -4.5% -1.5%
2013 -0.4% -1.2% -3.5% -0.6% 5.2%
2012 8.7% 0.9% 4.4% 1.0% 2.3%
2011 5.9% 3.8% -0.2% 1.1% 1.2%
2010 -1.4% -4.0% -2.8% 11.5% -5.3%
2009 -9.6% -2.3% -4.0% -0.7% -3.0%
2008 0.3% 8.1% -6.0% -8.4% 7.7%

Month by Month Performance

Returns Vs Risk

Registered For Sale In

  1. Austria
  2. Belgium
  3. France
  4. Germany
  5. Ireland
  6. Italy
  7. Luxembourg
  8. Netherlands
  9. Spain
  10. Sweden
  11. Switzerland
  12. United Kingdom

Fund Info

  • Launch date14/12/2007
  • Share Class size598Mn
  • Base currencyEUR
  • ISIN LU0336083497

Purchase Info

  • Min. initial investment1
  • Min. regular additional investment1

Charges

Related News

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Carmignac’s Zerah cuts periphery plays for UK bonds in €1.1bn fund

Citywire + rated manager takes profits on sovereign calls and pounces on Bank of England reticence to raise rates.

We got the duration call wrong, says Carmignac’s Zerah

VIDEO: Citywire + rated global bond manager says French firm was among majority to misread Fed’s rates rise plans this year.

Carmignac joins CoCos crowd with latest allocations

French group opens positions in Swiss and UK specialist financial bonds while also retaining periphery exposure.

Carmignac adds to its investment team

The French investment boutique has hired a new bond fund manager as well as adding more firepower on the equity side.

Carmignac hires new EM bond fund manager from CAAM

The €30 billion French asset manager continues on its recruitment drive, hiring an emerging market bond manager from Bruno Crastes' CAAM team.

Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in the currency and currencies indicated).