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![[Carmignac Note] [Small Tile]](/uploads/article/0001/07/43beb8cc2a6e44257dc28641586eb3278102b8a3.jpeg "[Carmignac Note] [Small Tile]")
Carmignac's Note
2019, or the conclusion of the three-way collision
The end of a given monetary policy stimulus unavoidably raises the cost of risk, thereby reducing price/earnings ratios
Our Insights
![[Carmignac Note] [Main Media]](/uploads/article/0001/03/fe142da9470dd3dd4c7642fdbe8631b3493b2ccf.jpeg "[Carmignac Note] [Main Media]")
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![[Lettre Edouard Carmignac] [Background image] Fountain pen](/uploads/article/0001/02/344d25f87c7ed4d40cadf2283fd71b4622fde647.jpeg "[Lettre Edouard Carmignac] [Background image] Fountain pen")
![[Lettre Edouard Carmignac] [Main media] Edouard Carmignac](/uploads/article/0001/01/a86d5f15d663c68af7c180a5c11c80ff745bece2.jpeg "[Lettre Edouard Carmignac] [Main media] Edouard Carmignac")
![[Management Report] [Small Tile] Financial Chart](/uploads/article/0001/03/d9a19094338f971f46e2f2432efe10747b64090e.jpeg "[Management Report] [Small Tile] Financial Chart")
![[Web Conference] [Main Media] Equities Background](/uploads/article/0001/06/c3061e22ad79fc61bfcdec0e1baebf177a8d17af.jpeg "[Web Conference] [Main Media] Equities Background")
![[Web Conference] [Small Tile] Charles Zerah](/uploads/article/0001/06/943e13ae168984e276b63d26197a3c67581086af.png "[Web Conference] [Small Tile] Charles Zerah")
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News
![[Homepage Banner] CLSEE Soft closing](/uploads/default/0001/07/ba5aa53c35ea25fdc48bcb96c5f77b43f41fe106.jpeg "[Homepage Banner] CLSEE Soft closing")
NAV & performances
At 17/12/2018. Past performance is not necessarily indicative of future performance.
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Charles Zerah - Best Fund Manager
Global, Citywire - Switzerland
April 2017 -
Carmignac Patrimoine - Best Mixed Fund - 20 years
€uro Fund Award 2018 - Germany
February 2018 -
Carmignac Portfolio Patrimoine - Best Global Asset Allocation Fund
TFF-Bloomberg Best Fund - Taiwan
March 2017
At 17/12/2018. Past performance is not necessarily indicative of future performance.
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Equity management
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NAV 1 058.66 €D-1 -2.47
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NAV 92.44 €D-1 -2.44
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NAV 770.60 €D-1 -1.06
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NAV 93.30 €D-1 -1.06
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NAV 258.60 €D-1 -1.50
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NAV 317.89 €D-1 -3.20
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NAV 109.93 €D-1 -3.11
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NAV 1 396.45 €D-1 -1.00
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NAV 183.80 €D-1 -1.63
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Mixed Management
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NAV 577.00 €D-1 -0.64
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NAV 91.26 €D-1 -0.62
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NAV 102.98 €D-1 -0.45
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NAV 371.75 €D-1 -0.42
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NAV 130.23 €D-1 -0.41
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NAV 96.59 €
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NAV 93.68 €D-1 -2.21
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Fixed income management
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NAV 1 701.20 €D-1 -0.02
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NAV 98.61 €D-1 -0.02
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NAV 1 135.24 €
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NAV 1 343.96 €D-1 0.01
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NAV 3 728.82 €
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NAV 94.25 €D-1 -0.22
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Profiled management
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NAV 178.47 €D-1 -0.23
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NAV 219.50 €D-1 -0.26
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NAV 201.69 €D-1 -0.29
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Contact us
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