CPR Invest - GEAR Emerging - A EUR - Acc ISIN : LU1811398467
CPR Invest - GEAR Emerging - A EUR - Acc
Asset class: Equities
YTD
As of 26/08/202626.26%
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 26/08/2026€185.70
SFDR ClassificationSustainable Finance Disclosure Regulation
Art. 8
Fund AUM
As of 26/08/2026€58.28M
“The fund invests in emerging market equities and seeks to outperform the MSCI Emerging Market index over the long term – at least 5 years. The final portfolio includes around a hundred emerging market stocks from all business sectors and with all sizes of market capitalisation. The investment process involves adapting the stock-picking method to market conditions.”
NAVs
NAV from 10/11/2018 to 08/26/2026
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Performance
Change in NAV in base 100
FundCPR Invest - GEAR Emerging - A EUR - Acc (102.46% over the period)
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A. Simulation based on the performance from September 24, 2015 to October 10, 2018 of CPR GEAR Emergents - Part P, French Fund absorbed by CPR Invest - GEAR Emerging - A- Acc on October 11, 2018.B. Performance of CPR Invest - GEAR Emerging - A - Acc since its launch date.Performance published and achieved before the date of the change corresponds to a different strategy from the current one.
* Rolling performance : for funds that have been launched since less than 1 year or 3 years or 5 years, the performance showed in the table in the 1 year or 3 years or 5 years column is the performance since inception of the fund.
All performance figures are calculated in your selected currency based NAV to NAV with gross income accumulated.
Past performance does not guarantee future returns. The value of an investment can rise or fall with market fluctuations, and you may lose the amount originally invested. The material is based upon information that we consider reliable as of the date shown, but we do not represent that it is accurate, complete, valid or timely, in particular any data communicated to us by a third party, and it should not be relied on as such for any particular purpose. All material is subject to change.
The fund performance is calculated net of investment management fees including commissions and custody fees. The benchmark performances are calculated with net dividend reinvested when applicable. Both performances for funds and benchmarks are calculated using internal software fed by external sources (predominantly Datastream).
The exchange rates used to convert the benchmark and investment funds are the rates published by WM/Reuters at 16:00 (London time) on the last day of the month.
All performance figures are calculated in your selected currency based NAV to NAV with gross income accumulated.
Past performance does not guarantee future returns. The value of an investment can rise or fall with market fluctuations, and you may lose the amount originally invested. The material is based upon information that we consider reliable as of the date shown, but we do not represent that it is accurate, complete, valid or timely, in particular any data communicated to us by a third party, and it should not be relied on as such for any particular purpose. All material is subject to change.
The fund performance is calculated net of investment management fees including commissions and custody fees. The benchmark performances are calculated with net dividend reinvested when applicable. Both performances for funds and benchmarks are calculated using internal software fed by external sources (predominantly Datastream).
The exchange rates used to convert the benchmark and investment funds are the rates published by WM/Reuters at 16:00 (London time) on the last day of the month.
Change in NAV in base 100Rolling performancesYear-on-year return (365 days)Annual returnsRisk indicatorsPerformances Scenarios
FundCPR Invest - GEAR Emerging - A EUR - Acc (102.46% over the period)
Select period
A. Simulation based on the performance from September 24, 2015 to October 10, 2018 of CPR GEAR Emergents - Part P, French Fund absorbed by CPR Invest - GEAR Emerging - A- Acc on October 11, 2018.B. Performance of CPR Invest - GEAR Emerging - A - Acc since its launch date.Performance published and achieved before the date of the change corresponds to a different strategy from the current one.
* Rolling performance : for funds that have been launched since less than 1 year or 3 years or 5 years, the performance showed in the table in the 1 year or 3 years or 5 years column is the performance since inception of the fund.
All performance figures are calculated in your selected currency based NAV to NAV with gross income accumulated.
Past performance does not guarantee future returns. The value of an investment can rise or fall with market fluctuations, and you may lose the amount originally invested. The material is based upon information that we consider reliable as of the date shown, but we do not represent that it is accurate, complete, valid or timely, in particular any data communicated to us by a third party, and it should not be relied on as such for any particular purpose. All material is subject to change.
The fund performance is calculated net of investment management fees including commissions and custody fees. The benchmark performances are calculated with net dividend reinvested when applicable. Both performances for funds and benchmarks are calculated using internal software fed by external sources (predominantly Datastream).
The exchange rates used to convert the benchmark and investment funds are the rates published by WM/Reuters at 16:00 (London time) on the last day of the month.
All performance figures are calculated in your selected currency based NAV to NAV with gross income accumulated.
Past performance does not guarantee future returns. The value of an investment can rise or fall with market fluctuations, and you may lose the amount originally invested. The material is based upon information that we consider reliable as of the date shown, but we do not represent that it is accurate, complete, valid or timely, in particular any data communicated to us by a third party, and it should not be relied on as such for any particular purpose. All material is subject to change.
The fund performance is calculated net of investment management fees including commissions and custody fees. The benchmark performances are calculated with net dividend reinvested when applicable. Both performances for funds and benchmarks are calculated using internal software fed by external sources (predominantly Datastream).
The exchange rates used to convert the benchmark and investment funds are the rates published by WM/Reuters at 16:00 (London time) on the last day of the month.
Portfolio Analysis
Management commentary
Effective date: 31/07/2026Performance
In July 2026, the performance of the MSCI Emerging Markets Index was -3.68%, underperforming the MSCI World Index at -0.12%. Among emerging markets, Indonesia posted the best performance at +10.47%, followed by China at +8.31%, the Czech Republic at +8.03%, Poland at +9.50%, and Brazil at +5.71%. Conversely, Korea fell sharply at -17.63%, Taiwan at -5.99%, and Turkey at -3.54%. Performances are expressed in euros.
Key highlights of the month
The MSCI Emerging Markets Index recorded another monthly decline in July, underperforming both the S&P500 and developed markets, which remained almost flat. The main negative factor was the unwinding of positions in the artificial intelligence/semiconductors theme, concentrated in South Korea and, to a lesser extent, in Taiwan. This decline was driven by fundamental concerns such as the sustainability of investments in artificial intelligence, financing and monetization challenges, as well as the impact of Chinese competition. The resulting volatility in AI-related stocks was amplified by significant position unwinding, particularly by hedge funds and leveraged ETFs in Korea. Towards the end of the month, it became apparent that this deleveraging had run its course, leading to a marked rebound on the last day of the month. Another notable headwind came from the re-escalation of the conflict in the Middle East, which ended the ceasefire agreed in June, exacerbated by a blockade in the Red Sea.
Summary of main positions for the month
In July 2026, the fund’s performance was -3.96%, while the benchmark index returned -3.68%. Analysis of sources of relative performance shows a negative sector effect, despite a good contribution from utilities and materials, with a negative impact in the technology and industrials sectors. The country effect was positive, notably thanks to the favorable contribution from South Korea and Poland, offset by a negative influence from Brazil. The Blend factor had a negative effect with a contribution of around -1.03%, while the Defensive factor contributed positively at +0.41%. The market capitalization size effect was positive.
Among the main contributors were Samsung Electro-Mechanics (-43.5%, underweight), Yageo (-56.9%, underweight), Industrial and Commercial Bank of China H (+16.1%, overweight), and Meritz Financial Group (+26.8%, overweight). Conversely, SK hynix (-30%, overweight), SK (-27.9%, overweight), Gold Circuit Electronics (-35.3%, overweight), and Taiwan Semiconductor Manufacturing (-1.4%, underweight) weighed on performance.
Outlook for the following month
Amundi anticipates a market still dominated by geopolitical volatility and uncertainty related to oil. In the short term, the main risk remains the persistence of high crude prices, impacting inflation and monetary policy. The central view favors an unstable regime with choppy data, where central banks will manage temporary tensions. Growth will be modest and uneven across regions: Europe benefits from a better mix of reforms, investments, and confidence; the United States remains solid but more sensitive to rates; China requires increased caution, while Japan and some emerging markets display attractive fundamentals. In equities, sector rotation and selectivity are intensifying, with a shift away from mega-cap technology stocks towards defensive or cyclical sectors. In the United States, caution is warranted due to high valuations and market concentration, favoring equal-weighted indices. In Europe, the outlook is improving thanks to reforms and investments, benefiting financials, industrials, and utilities sectors. Japan and emerging markets maintain a favorable profile, even though China remains under watch. The overall stance favors a moderately pro-risk approach, based on diversification, strong balance sheets, and resilient models, with increased regional and sector selectivity in favor of Europe, Japan, and certain emerging markets over the United States.
In July 2026, the performance of the MSCI Emerging Markets Index was -3.68%, underperforming the MSCI World Index at -0.12%. Among emerging markets, Indonesia posted the best performance at +10.47%, followed by China at +8.31%, the Czech Republic at +8.03%, Poland at +9.50%, and Brazil at +5.71%. Conversely, Korea fell sharply at -17.63%, Taiwan at -5.99%, and Turkey at -3.54%. Performances are expressed in euros.
Key highlights of the month
The MSCI Emerging Markets Index recorded another monthly decline in July, underperforming both the S&P500 and developed markets, which remained almost flat. The main negative factor was the unwinding of positions in the artificial intelligence/semiconductors theme, concentrated in South Korea and, to a lesser extent, in Taiwan. This decline was driven by fundamental concerns such as the sustainability of investments in artificial intelligence, financing and monetization challenges, as well as the impact of Chinese competition. The resulting volatility in AI-related stocks was amplified by significant position unwinding, particularly by hedge funds and leveraged ETFs in Korea. Towards the end of the month, it became apparent that this deleveraging had run its course, leading to a marked rebound on the last day of the month. Another notable headwind came from the re-escalation of the conflict in the Middle East, which ended the ceasefire agreed in June, exacerbated by a blockade in the Red Sea.
Summary of main positions for the month
In July 2026, the fund’s performance was -3.96%, while the benchmark index returned -3.68%. Analysis of sources of relative performance shows a negative sector effect, despite a good contribution from utilities and materials, with a negative impact in the technology and industrials sectors. The country effect was positive, notably thanks to the favorable contribution from South Korea and Poland, offset by a negative influence from Brazil. The Blend factor had a negative effect with a contribution of around -1.03%, while the Defensive factor contributed positively at +0.41%. The market capitalization size effect was positive.
Among the main contributors were Samsung Electro-Mechanics (-43.5%, underweight), Yageo (-56.9%, underweight), Industrial and Commercial Bank of China H (+16.1%, overweight), and Meritz Financial Group (+26.8%, overweight). Conversely, SK hynix (-30%, overweight), SK (-27.9%, overweight), Gold Circuit Electronics (-35.3%, overweight), and Taiwan Semiconductor Manufacturing (-1.4%, underweight) weighed on performance.
Outlook for the following month
Amundi anticipates a market still dominated by geopolitical volatility and uncertainty related to oil. In the short term, the main risk remains the persistence of high crude prices, impacting inflation and monetary policy. The central view favors an unstable regime with choppy data, where central banks will manage temporary tensions. Growth will be modest and uneven across regions: Europe benefits from a better mix of reforms, investments, and confidence; the United States remains solid but more sensitive to rates; China requires increased caution, while Japan and some emerging markets display attractive fundamentals. In equities, sector rotation and selectivity are intensifying, with a shift away from mega-cap technology stocks towards defensive or cyclical sectors. In the United States, caution is warranted due to high valuations and market concentration, favoring equal-weighted indices. In Europe, the outlook is improving thanks to reforms and investments, benefiting financials, industrials, and utilities sectors. Japan and emerging markets maintain a favorable profile, even though China remains under watch. The overall stance favors a moderately pro-risk approach, based on diversification, strong balance sheets, and resilient models, with increased regional and sector selectivity in favor of Europe, Japan, and certain emerging markets over the United States.
Characteristics
General data
Inception date
11/10/2018First Nav Date
24/09/2010Currency
EURShow more
Valuation
DailyMinimum initial investment
1 10/1000° share(s)/equityMinimum additional investment
1 10/1000° share(s)/equityCosts Composition
| One-off costs upon entry or exit (Investment EUR 10,000) | If you exit after 1 year | ||
| Entry costs | This 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 costs | We 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 costs | 2.10% of the value of your investment per year. This percentage is based on actual costs over the last year. | €199.69 | |
| Transaction costs | 0.39% 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. | €37.23 | |
| Incidental costs taken under specific conditions (Investment EUR 10,000) | |||
| Performance fees | 20.00% annual outperformance of the reference asset 100% MSCI EM (EMERGING MARKETS) 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
LU1811398467Bloomberg code
CPIGEAE LXReuters code
Investment Objective
“The fund invests in emerging market equities and seeks to outperform the MSCI Emerging Market index over the long term – at least 5 years. The final portfolio includes around a hundred emerging market stocks from all business sectors and with all sizes of market capitalisation. The investment process involves adapting the stock-picking method to market conditions.”
Documents
| Language | Documents | Type | Closing Date |
|---|---|---|---|
CS | PDF | 11/08/2026 | |
EN | PDF | 31/07/2025 | |
PDF | 07/05/2026 | ||
PDF | 31/01/2026 | ||
EN | PDF | 26/10/2016 |
Sustainability-related disclosures
| Language | Documents | Type | Closing Date |
|---|---|---|---|
CS | PDF | 01/01/2025 | |
EN | PDF | 07/05/2026 |
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 the Amundi 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". Amundi 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.
Nothing contained in this site constitutes a solicitation or offer by any member of the Amundi 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". Amundi 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.