CPR Invest - Global Equity - R EUR (C) ISIN : LU1811426938

CPR Invest - Global Equity - R EUR (C)
R EUR(C) - LU1811426938
Asset class: Equities
YTD
As of 16/09/2026
13.40%
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.
1234567
Lower Risk
Higher Risk
The risk indicator assumes you keep the product according to the holding period.
NAV
As of 16/09/2026
€158.63
SFDR ClassificationSustainable Finance Disclosure Regulation
Art. 8
Fund AUM
As of 16/09/2026
€349.73M
The fund invests in global equities and aims to deliver long-term returns in excess of the MSCI World All Countries index (minimum 5 years). The final portfolio is constructed from around 100 stocks across all countries, sectors and market capitalisations. The investment process involves adapting the stock picking approach to the identified market regime. New investment process since December 2013.

NAVs

NAV from 09/19/2022 to 09/16/2026
Select period
Created with Highcharts 11.4.8CPR Invest - Global Equity - R EUR (C)Oct '22Jan '23Apr '23Jul '23Oct '23Jan '24Apr '24Jul '24Oct '24Jan '25Apr '25Jul '25Oct '25Jan '26Apr '26Jul '2680100120140160180

Performance

Change in NAV in base 100
FundCPR Invest - Global Equity - R EUR (C) (57.97% over the period)
Select period
Created with Highcharts 11.4.8CPR Invest - Global Equity - R EUR (C)BenchmarkOct '22Jan '23Apr '23Jul '23Oct '23Jan '24Apr '24Jul '24Oct '24Jan '25Apr '25Jul '25Oct '25Jan '26Apr '26Jul '2680100120140160180200
Change in NAV in base 100Rolling performancesYear-on-year return (365 days)Annual returnsRisk indicatorsPerformances Scenarios
FundCPR Invest - Global Equity - R EUR (C) (57.97% over the period)
Select period
Created with Highcharts 11.4.8CPR Invest - Global Equity - R EUR (C)BenchmarkOct '22Jan '23Apr '23Jul '23Oct '23Jan '24Apr '24Jul '24Oct '24Jan '25Apr '25Jul '25Oct '25Jan '26Apr '26Jul '2680100120140160180200

Portfolio Analysis

Repartition 08/31/2026
Sector allocationMain Lines in Portfolio (Source: Amundi)Geographical breakdown (Source: Amundi)Currency
Created with Highcharts 11.4.8Values34.48​34.4813.76​13.7611.73​11.7311.20​11.209.64​9.644.69​4.694.13​4.133.09​3.092.35​2.352.23​2.230.95​0.9531.20​31.2016.95​16.9510.59​10.598.49​8.498.72​8.727.69​7.694.65​4.653.80​3.801.56​1.564.01​4.012.33​2.33PortfolioBenchmark02468101214161820222426283032343638Information TechnologyFinancialsIndustrialsHealth CareConsumer DiscretionaryCommunication ServicesConsumer StaplesMaterialsReal EstateEnergyUtilitiesHighcharts.com

Management commentary

Effective date: 31/08/2026Key highlights of the month
In August, the main event was the rise in long-term yields globally, fueled by persistent inflation concerns and renewed fiscal worries. In the United States, the 30-year Treasury yield reached a post-2007 high of 5.31% on August 17; in Germany, the 30-year hit 3.81% on August 31, its highest level since 2011; in Japan, the 30-year rose to 4.14% on August 18, its highest level since this maturity was issued in 1999.
The activity statistics published during the month generally supported the idea of a still robust economy. The eurozone flash composite PMI reached 52.1 in August, its highest level in nine months. At the same time, energy tensions reinforced inflationary pressures: Brent remained volatile throughout the month and closed around 89 to 90 USD/barrel, after periods of decline linked to hopes of negotiations and then a rebound following geopolitical tensions between the United States and Iran.
In the United States, headline inflation slowed to 3.4% year-on-year in July; in the eurozone, inflation accelerated to 2.9% in July, up from 2.8% in June, driven by energy. At Jackson Hole, Kevin Warsh’s speech was perceived as more hawkish than expected regarding the priority to be given to price stability, which maintained upward pressure on rates. In Europe, the ECB minutes suggested increased sensitivity to rising energy prices, while in Japan several BoJ officials indicated that a faster tightening remained possible.
Equity markets, overall, held up well in this context of high rates and firm oil prices. The S&P 500 ended the month up about 2.6%, the Euro Stoxx 600 rose slightly by 0.5%, the Topix also advanced; and emerging markets delivered a strong performance, driven by technology stocks.
At the style and sector level, the reading for the month remains clear: growth stocks, and particularly technology, drove the indices, while segments more sensitive to rates suffered more from the rise in long-term yields. The strength of earnings releases and the resilience of activity supported earnings revisions in several cyclical and technology segments, but markets mainly focused on the message of higher long-term rates, which favored selective rotation rather than a uniformly bullish market move.
 
Summary of the main positions of the month
Over the month, the fund outperformed its benchmark index.
We note a positive sector effect, particularly a good contribution from Technology and Utilities, but a negative one in the Real Estate and Energy sectors. The country effect was also positive, notably with a good contribution from Emerging Markets and Europe but negative in North America and Japan.
We also observe a positive effect from our blend factor, with a contribution of around 0.54%, and at the same time note a negative effect from our defensive factor, showing a contribution of -0.48%.
The market capitalization size effect was negligible.
During the review period, we were overweight on the quality factor and underweight on the dividend yield factor.
At the stock level, we saw very strong contributors to performance such as China Gold International Resources (OW, 47.4%), Agnico Eagle Mines Limited (OW, 38.5%), Asia Vital Components Co., Ltd. (OW, 50%), NVIDIA (OW, 8.9%).
Conversely, the following stocks penalized us: Comfort Systems USA (OW, -11.4%), Tesla Inc (UW, 17.1%), Dollarama (OW, -8.1%), Canadian Tire Corporation (OW, -8%).
There were no transactions during the month.
 
Outlook for the following month
The current market environment is increasingly characterized by structural breaks rather than a classic end-of-cycle pattern. Geopolitical tensions, energy disruptions, and technological acceleration are sustaining more persistent inflation, higher public deficits, and more lasting macroeconomic uncertainty than in previous cycles. Investors should therefore not expect a quick return to the calmer environment before 2026, and resilience is becoming a central investment criterion.
Equities remain in a constructive environment, but opportunities are more selective. Markets have shown they can absorb higher long-term rates as long as earnings momentum remains strong and growth expectations are well oriented. Artificial intelligence remains the main structural driver, but the theme is broadening beyond the initial winners to include infrastructure, energy, application software, and associated industrial suppliers, which should strengthen its durability.
Regionally, the United States maintains solid fundamentals, but valuations are high and concentration risk remains a point of vigilance. Europe appears more attractive on a relative basis, especially when factoring in the currency effect, and seems better able to absorb higher energy prices than feared. Financials, industrials, utilities, and certain quality stocks stand out as the best-positioned segments in this context.
Emerging markets also offer opportunities, but with a strong need for selection. Some markets have already been repriced, improving long-term entry points, while China remains a stock-picking market rather than a broad allocation theme. Japan continues to be supported by strong corporate fundamentals, although after its sharp rise, the approach should become more selective. Overall, positioning remains moderately pro-risk, with a focus on diversification, quality, and structural growth drivers rather than the most consensus market names.

Characteristics

General data

Inception date
11/10/2018
First Nav Date
19/09/2022
Currency
EUR
Show more
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 costs1.25% of the value of your investment per year. This percentage is based on actual costs over the last year.€118.66
Transaction costs0.18% 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.€17.17
Incidental costs taken under specific conditions (Investment EUR 10,000)
Performance fees

20.00% annual outperformance of the reference asset 100% MSCI ACWI 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
LU1811426938
Bloomberg code
Reuters code

Investment Objective

The fund invests in global equities and aims to deliver long-term returns in excess of the MSCI World All Countries index (minimum 5 years). The final portfolio is constructed from around 100 stocks across all countries, sectors and market capitalisations. The investment process involves adapting the stock picking approach to the identified market regime. New investment process since December 2013.

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 Informations document (KID) 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 : UniCredit Bank Czech Republic and Slovakia, a.s., Bratislava, Šancová 1/A, Postal Code 813 33, Slovak Republic
© CPR Asset Management 2025
Legal notices Accessibility: non-compliant Cookies preferences