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Carmignac Pfl Unconstrained Glbl Bd A EUR acc

Ranked 47 out of 156 in - Global Flexible 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 Flexible over : 30/11/2016 - 30/11/2017
  • Rank 47/156 Total Return
  • Rank 87/156 Standard Deviation
  • Rank 121/156 Max Drawdown
Fund Name Currency Return
45 StarCapital Bondvalue UI A USD

12.8%

46 Prudential Global Total Return Fund;A USD

12.8%

47 Carmignac Pfl Unconstrained Glbl Bd A EUR acc USD

12.6%

48 Sincro Sicav Global Flex Bond R USD

12.5%

49 Man GLG Flexible Bond D H USD Acc

Currency exposure is hedged

Currency exposure is hedged

USD

12.2%

Total Return

Quarterly Performance

to 29/09/2017 Annual Q1 Q2 Q3 Q4
2017 3.3% 5.0% 3.0%
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 size566Mn
  • Base currencyEUR
  • ISIN LU0336083497

Purchase Info

  • Min. initial investment1
  • Min. regular additional investment1

Charges

Related News

Double unconstrained bond fund launch for Carmignac

French group accelerates flexible range with new credit and EMD-focused approaches.

Carmignac rebrands Zerah’s fund as unconstrained

French investment giant looks to better reflect Citywire + rated manager’s approach.

Carmignac’s Zerah moves to 30% cash in €1bn fund

Citywire + rated manager ramps up liquidity in French firm’s global bond approach.

Carmignac’s A-rated Zerah: the ‘broken asset’ I’m buying

Emerging market and global bond specialist believes attractive spreads can make up for regulatory headaches.

Investors are underplaying inflation, says Carmignac’s Zerah

Citywire + rated manager of French firm's global bond fund says growth is on the horizon in Europe and commodities could rise.

Carmignac credit chief on why it pays to sit in Argentina's 'front row'

Carmignac global bond specialists looks at the areas worth tapping into despite political turmoil.

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.

...more...

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