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Carmignac Pfl Unconstrained Glbl Bd A EUR acc

Ranked 25 out of 36 in - Global Flexible over 12 months
All calculations are in SEK 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 in Sweden View performance globally

Performance

Global Flexible over : 31/10/2016 - 31/10/2017
  • Rank 25/36 Total Return
  • Rank 4/36 Standard Deviation
  • Rank 10/36 Max Drawdown
Fund Name Currency Return
23 Credit Suisse (Lux) AgaNola Glbl Val Bd Fd BH EUR

Currency exposure is hedged

Currency exposure is hedged

SEK

-0.5%

23 Nordea 1 - Flexible Fixed Income BP EUR SEK

-0.5%

25 Carmignac Pfl Unconstrained Glbl Bd A EUR acc SEK

-0.9%

26 Franklin Flexible Alpha Bond I (acc) EUR-H1

Currency exposure is hedged

Currency exposure is hedged

SEK

-1.4%

27 Schroder ISF Strategic Bond EUR Hedged A Acc

Currency exposure is hedged

Currency exposure is hedged

SEK

-1.5%

Fund Name Currency Risk
2 Schroder ISF Strategic Bond EUR Hedged A Acc

Currency exposure is hedged

Currency exposure is hedged

SEK

4.2

3 T Rowe Dynamic Global Bond Ih EUR Cap

Currency exposure is hedged

Currency exposure is hedged

SEK

4.7

4 Carmignac Pfl Unconstrained Glbl Bd A EUR acc SEK

4.7

5 UBAM Unconstrained Bond IPC EUR SEK

4.8

6 BGF Fixed Income Gbl Opportunities A2 EUR Hedged

Currency exposure is hedged

Currency exposure is hedged

SEK

4.8

6 Credit Suisse (Lux) AgaNola Glbl Val Bd Fd BH EUR

Currency exposure is hedged

Currency exposure is hedged

SEK

4.8

Fund Name Currency Loss
8 Nomura Funds Ireland-Global Dynamic Bond A EURH

Currency exposure is hedged

Currency exposure is hedged

SEK

-3.8%

9 Credit Suisse (Lux) AgaNola Glbl Val Bd Fd BH EUR

Currency exposure is hedged

Currency exposure is hedged

SEK

-3.9%

10 Carmignac Pfl Unconstrained Glbl Bd A EUR acc SEK

-3.9%

11 Jupiter JGF Dynamic Bond I EUR Acc SEK

-4.0%

12 AXA WF Global Strategic Bonds A C EUR Hedged

Currency exposure is hedged

Currency exposure is hedged

SEK

-4.2%

Total Return

Quarterly Performance

to 29/09/2017 Annual Q1 Q2 Q3 Q4
2017 1.5% -0.8% -0.3%
2016 14.5% 2.2% 6.9% 3.5% 1.2%
2015 -0.1% 9.4% -7.6% 1.3% -2.5%
2014 21.8% 4.5% 5.7% 3.0% 7.0%
2013 -1.6% -1.3% 0.2% -5.4% 5.2%
2012 3.2% -2.4% 8.6% -4.1% 1.5%
2011 8.0% -2.6% -0.2% 10.0% 1.0%
2010 -7.2% -3.2% 5.1% -3.6% -5.4%
2009 -18.4% 2.2% -10.0% -10.4% -1.0%
2008 22.7% -0.9% -4.6% 6.2% 22.2%

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 size582Mn
  • Base currencyEUR
  • ISIN LU0336083497

Purchase Info

  • Min. initial investment1
  • Min. regular additional investment1

Charges

Related News

Carmignac joins CoCos crowd with latest allocations

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

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