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Carmignac Pfl Unconstrained Glbl Bd A EUR acc

Ranked 21 out of 41 in - Global Flexible over 12 months
All calculations are in EUR 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

This Sub Fund invests mainly in international bonds directly or indirectly through the UCITS or other UCIs that it holds.The objective of the SubFund is to outperform the JP Morgan Global Government Bond Index (JNUCGBIG), calculated with coupons reinvested, over a recommended minimum investment period of two years.

Showing fund performance in Belgium View performance globally

Performance

Global Flexible over : 31/08/2017 - 31/08/2018
  • Rank 21/41 Total Return
  • Rank 28/41 Standard Deviation
  • Rank 28/41 Max Drawdown
Fund Name Currency Return
19 Aviva Investors- Multi-Strategy Fixed Income I EUR EUR

-1.8%

20 NN (L) First Cl. Yield Opportunities P Cap EUR EUR

-1.9%

21 Carmignac Pfl Unconstrained Glbl Bd A EUR acc EUR

-2.1%

22 BGF Fixed Income Gbl Opportunities E2 EUR Hedged

Currency exposure is hedged

Currency exposure is hedged

EUR

-2.4%

23 Fidelity Funds - Gl Strat Bond A-ACC-EUR H

Currency exposure is hedged

Currency exposure is hedged

EUR

-2.6%

Fund Name Currency Risk
26 NN (L) First Cl. Yield Opportunities P Cap EUR EUR

3.1

27 ABN AMRO MMF FoM Flexible Bonds AH EUR

Currency exposure is hedged

Currency exposure is hedged

EUR

3.4

28 Carmignac Pfl Unconstrained Glbl Bd A EUR acc EUR

3.6

29 Legg Mason WA Global Multi Strat A Acc H EUR

Currency exposure is hedged

Currency exposure is hedged

EUR

3.6

30 HOD High Interest Obligatiedepot

Currency exposure is hedged

Currency exposure is hedged

EUR

3.6

Fund Name Currency Loss
26 Schroder ISF Global Multi Credit A Dis EUR Hgd QV

Currency exposure is hedged

Currency exposure is hedged

EUR

-3.9%

27 T Rowe Dynamic Global Bond Ih EUR Cap

Currency exposure is hedged

Currency exposure is hedged

EUR

-4.0%

28 Carmignac Pfl Unconstrained Glbl Bd A EUR acc EUR

-4.4%

29 UBS (Lux) Bond S - Cur Diversifier (USD)(EUR) P-a EUR

-4.5%

30 Morgan Stanley Global Fixed Income Opps A EUR EUR

-5.1%

Total Return

Quarterly Performance

to 30/06/2018 Annual Q1 Q2 Q3 Q4
2018 1.4% -4.3%
2017 0.1% 1.8% -1.6% -0.6% 0.5%
2016 9.5% 1.3% 4.9% 1.2% 1.7%
2015 3.3% 11.9% -7.4% 0.0% -0.3%
2014 13.8% 3.5% 3.2% 3.5% 2.9%
2013 -4.7% 1.4% -4.7% -4.6% 3.4%
2012 7.1% -1.7% 9.6% -0.4% -0.2%
2011 9.5% -1.9% -2.3% 9.2% 4.6%
2010 5.4% 1.8% 7.4% 0.1% -3.6%
2009 -12.4% 2.3% -9.1% -4.7% -1.2%
2008 5.5% -0.3% -5.4% 2.7% 8.8%

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 size527Mn
  • Base currency
  • ISIN LU0336083497

Purchase Info

  • Min. initial investment1
  • Min. regular additional investment1

Charges

Related News

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.

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