CPR Invest - Global Lifestyles - A ca EUR- Acc ISIN : LU2067132329

CPR Invest - Global Lifestyles - A ca EUR- Acc
A EUR(C) - LU2067132329
Asset class: Equities
YTD
As of 14/10/2026
4.89%
Risk IndicatorThe level of risk of the fund mainly reflects the risk of the market in which the fund is invested and, as the case may be, the leveraging strategy or inverse performance of the index. The capital initially invested does not benefit from any guarantee. The current level of risk does not indicate the future level of risk and may change over time. The lowest risk level is not equal to a risk-free investment.
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The risk indicator assumes you keep the product according to the holding period.
NAV
As of 14/10/2026
€128.19
SFDR ClassificationSustainable Finance Disclosure Regulation
Art. 8
Fund AUM
As of 14/10/2026
$414.18M

The Compartment’s objective is to outperform the MSCI World (dividend reinvested) index over a long-term period (minimum of five years) by investing in international equities involved in the consumption related to individual self-fulfillment and well-being.

NAVs

NAV from 16/10/2020 to 14/10/2026
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Created with Highcharts 11.4.8CPR Invest - Global Lifestyles - A ca EUR- AccJan '21May '21Sep '21Jan '22May '22Sep '22Jan '23May '23Sep '23Jan '24May '24Sep '24Jan '25May '25Sep '25Jan '26May '26Sep '268090100110120130140

Performance

Change in NAV in base 100
FundCPR Invest - Global Lifestyles - A ca EUR- Acc (44.85% over the period)
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Created with Highcharts 11.4.8ABCPR Invest - Global Lifestyles - A ca EUR- AccBenchmarkJan '20Jul '20Jan '21Jul '21Jan '22Jul '22Jan '23Jul '23Jan '24Jul '24Jan '25Jul '25Jan '26Jul '2650100150200250300
A. Simulation based on the performance from inception to Oct 15, 2020 of AF - CPR Global Lifestyles - A5E (C) absorbed by CPR Invest - Global Lifestyles - A ca EUR - Acc on Oct 16, 2020. CPR Invest - Global Lifestyles - A ca EUR - Acc has adopted a fee structure with the same total ongoing charges than those of AF - CPR Global Lifestyles - A5E (C) estimated at the merger date Oct 16, 2020.B. Performance of CPR Invest - Global Lifestyles - A ca EUR - Acc since its launch date.Performance published and achieved before the date of the change corresponds to a different strategy from the current one.
Change in NAV in base 100Rolling performancesYear-on-year return (365 days)Annual returnsRisk indicatorsPerformances Scenarios
FundCPR Invest - Global Lifestyles - A ca EUR- Acc (44.85% over the period)
Select period
Created with Highcharts 11.4.8ABCPR Invest - Global Lifestyles - A ca EUR- AccBenchmarkJan '20Jul '20Jan '21Jul '21Jan '22Jul '22Jan '23Jul '23Jan '24Jul '24Jan '25Jul '25Jan '26Jul '2650100150200250300
A. Simulation based on the performance from inception to Oct 15, 2020 of AF - CPR Global Lifestyles - A5E (C) absorbed by CPR Invest - Global Lifestyles - A ca EUR - Acc on Oct 16, 2020. CPR Invest - Global Lifestyles - A ca EUR - Acc has adopted a fee structure with the same total ongoing charges than those of AF - CPR Global Lifestyles - A5E (C) estimated at the merger date Oct 16, 2020.B. Performance of CPR Invest - Global Lifestyles - A ca EUR - Acc since its launch date.Performance published and achieved before the date of the change corresponds to a different strategy from the current one.

Portfolio Analysis

Repartition 09/30/2026
Sector allocationMain Lines in Portfolio (Source: Amundi)Geographical breakdown (Source: Amundi)Currency
Created with Highcharts 11.4.8Values27.58​27.5822.27​22.2713.96​13.9612.92​12.928.67​8.675.62​5.623.56​3.562.09​2.090.07​0.070.06​0.060.04​0.040.03​0.0331.55​31.558.32​8.3215.84​15.848.29​8.294.81​4.819.28​9.2810.85​10.854.03​4.031.53​1.533.21​3.212.30​2.30PortfolioBenchmark0246810121416182022242628303234Information TechnologyConsumer DiscretionaryFinancialsCommunication ServicesConsumer StaplesHealth CareIndustrialsUnknownEnergyReal EstateMaterialsUtilitiesHighcharts.com

Management commentary

Effective date: 30/09/2026The indices delivered mixed performances: the MSCI World gained 1.0%, while the Nasdaq rose by 1.86%, driven by the technology sector. By contrast, the S&P 500 declined by 0.45% and the STOXX 600 fell by 2.49%.
Despite a rising-rate environment that was unfavourable for equities, markets remained supported by strong earnings growth: +31% in 2026 and +12% in 2027 in the United States, and +17% in 2026 and +9% in 2027 in Europe.
Interest rates continued to rise, with the US Federal Reserve increasing its policy rate by 25 basis points to 4.00% on 16 September—its first rate hike since 2023. This pushed the US 10-year Treasury yield to 5.29%, a historically high level. The move was underpinned by persistent inflation, with oil trading at USD 103 per barrel, and a robust US economy, as illustrated by a PMI reading of 58.4, its highest level in five years.
At the sector level, technology gained 6.8%, led by semiconductors, which rose by 9.5% on the back of a favourable outlook for AI capital expenditure—USD 800 billion in 2026 and USD 1.2 trillion in 2027. Communication services advanced by 5.8%, supported by Meta’s significant 30% increase following the launch of Muse, its AI agent. This development disrupted the travel segment within consumer discretionary, which declined by 3.9%, as well as services within the financial sector, which fell by 3.34%.
Over the period, the fund gained 1.0%, in line with the MSCI World.
  • Information technology made the largest positive contribution to relative performance, supported by our holdings in: Advanced Micro Devices (+32.9%), whose market capitalisation exceeded USD 1 trillion for the first time, driven by an acceleration in product launches; Dell Technologies (+20.6%), which is well positioned to benefit from strong demand for its servers; Samsung Electronics, which posted a more moderate gain of 6.9%.
  • The fund’s underweight position in industrials and its lack of exposure to materials contributed positively to relative performance. This was complemented by a favourable stock-selection effect from Delta Air Lines (+9.4%), whose business remained resilient despite the geopolitical environment and high oil prices.
  • Consumer discretionary was the largest detractor from relative performance, reflecting both the fund’s overweight position and an unfavourable stock-selection effect. Within travel, Booking Holdings (-16.1%), like other online platforms, was affected by growing concerns over disintermediation linked to Muse, Meta’s AI agent. Rising oil prices also weighed on Viking Holdings (-7.0%). Our automotive holdings also declined, including BYD (-11.0%) and Hyundai Motor (-11.6%). This was linked to the tightening of Europe’s trade framework for vehicles manufactured in China, while vehicle sales in China continued to fall in August. In addition, Richemont (-5.4%) was caught up in the broader deterioration in sentiment towards the luxury sector, which was affected by analysts’ more cautious outlook for the third quarter.
  • Our holdings in consumer staples and healthcare underperformed, as these sectors are generally overlooked in a rising-rate environment. Decliners included Danone (-8.7%), Anheuser-Busch (-4.3%), Alcon (-8.8%) and Haleon (-8.1%), with valuations reaching historically low levels.
  • Portfolio activity
We reduced our exposure to financials in light of the growing risk of an economic slowdown in a high-interest-rate environment.
We also lowered our exposure to the luxury sector, while maintaining a preference for Richemont, and reallocated capital towards our technology holdings, including Nvidia and Dell.
  • Outlook
Equity markets continue to be supported by earnings growth, which remains particularly strong in the semiconductor sector owing to substantial investment in artificial intelligence. This is despite persistently high interest rates, driven by inflationary pressures—particularly rising energy prices—and growing fiscal concerns.
The portfolio remains positioned in cyclical consumer stocks to benefit from a recovery in travel activity, where valuations appear particularly attractive, as well as in digital consumer companies benefiting from AI-related investment. In this high-interest-rate environment, we remain attentive to valuations, interest-rate sensitivity and balance-sheet quality.
 

Characteristics

General data

Inception date
16/10/2020
First Nav Date
05/09/2019
Currency
EUR
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Valuation
Daily
Minimum initial investment
1 10/1000° share(s)/equity
Minimum additional investment
1 10/1000° share(s)/equity

Costs Composition

One-off costs upon entry or exit (Investment EUR 10,000)If you exit after 1 year
Entry costsThis includes distribution costs of 5.00% of amount invested. This is the most you will be charged. The person selling you the product will inform you of the actual charge.Up to €500.00
Exit costsWe do not charge an exit fee for this product, but the person selling you the product may do so.€0.00
Ongoing costs taken each year (Investment EUR 10,000)
Management fees and other administrative or operating costs2.03% of the value of your investment per year. This percentage is based on actual costs over the last year.€192.38
Transaction costs0.39% of the value of your investment per year. This is an estimate of the costs incurred when we buy and sell the underlying investments for the product. The actual amount will vary depending on how much we buy and sell.€37.41
Incidental costs taken under specific conditions (Investment EUR 10,000)
Performance fees

15.00% annual outperformance of the reference asset 100% MSCI WORLD NR Close. The calculation applies on each Net Asset Value calculation date in accordance with the terms described in the prospectus. Past underperformances over the last 5 years should be clawed back before any new accrual of performance fee.The actual amount will vary depending on how well your investment performs. The aggregated cost estimation above includes the average over the last 5 years.

The performance fee is paid even if the performance of the share over the performance observation period is negative, while remaining higher than the performance of the Reference Asset.

€0.00

Codification

ISIN code
LU2067132329
Bloomberg code
Reuters code

Investment Objective

The Compartment’s objective is to outperform the MSCI World (dividend reinvested) index over a long-term period (minimum of five years) by investing in international equities involved in the consumption related to individual self-fulfillment and well-being.

Documents

LanguageDocumentsTypeClosing Date
DE
PDF
01/09/2026
EN
PDF
01/09/2026
FR
PDF
01/09/2026
PDF
31/07/2024
PDF
16/04/2026
PDF
31/01/2026
IT
PDF
01/09/2026
FR
PDF
26/10/2016
Prices expressed in a currency other than the base currency of the portfolio are available for information purposes only. Nothing contained in this site constitutes a solicitation or offer by any member of CPR Asset Management to provide any investment advice or service or to purchase or sell any financial instruments. The information it contains aims to inform the subscriber by providing information on the UCITS supplemental to that appearing in the Information Memorandum. The material provided on this site is presented as of the date shown and "as is". CPR Asset Management does not expressly or impliedly warrant the accuracy of the information provided on this site and expressly disclaims any warranties of fitness of this site for any particular purpose. This material reflects the opinion of the management company at the date of printing. The material is based upon information that we consider reliable, but we do not represent it is accurate, complete, valid or timely and it should not be relied on as such for any particular purpose. Any subscription should be based solely on the Information Memorandum provided to subscribers prior to the subscription and/or available upon request.The Key investor Informations document (KIID) and the prospectus of the fund, as well as the annual and semi-annual reports are available free of charge on the website www.cpram.com and from the Representative or Paying Agents : CACEIS (SWITZERLAND) SA - 35 Route de Signy, CH-1260 Nyon, Suisse or CACEIS Bank, Montrouge, Succursale de Nyon - Route de Signy 35 - CH- 1260 Nyon, Suisse.
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