CPR Invest - Future Cities - I EUR - Acc ISIN : LU1989764151
CPR Invest - Future Cities - I EUR - Acc
I(C) - LU1989764151
Asset class: Equities
YTD
As of 10/09/20269.10%
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 11/09/2026€179.75
SFDR ClassificationSustainable Finance Disclosure Regulation
Art. 8
Fund AUM
As of 11/09/2026$40.19M
The Compartment's objective is to outperform global equity markets over a long-term period (minimum of five years) by investing in international equities which contribute to urbanisation and sustainable development of cities, while integrating Environmental, Social and Governance (E, S, and G - or, when taken together, ESG) criteria in the investment process.
NAVs
NAV from 09/17/2019 to 09/11/2026
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Performance
Change in NAV in base 100
FundCPR Invest - Future Cities - I EUR - Acc (77.88% over the period)
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* 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 - Future Cities - I EUR - Acc (77.88% over the period)
Select period
* 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: 31/08/2026Global equity markets returned to a positive momentum in August, supported by the quality of second-quarter earnings releases and by activity indicators that remained generally resilient. However, the geopolitical context remained volatile: the alternation of signs of easing and new episodes of tension in the US-Iran conflict did not allow for a lasting solution, maintaining a high risk premium on oil and, even more so, on refined products. These energy tensions, combined with persistent inflation, the scale of public financing needs, and questions about the sustainability of budgetary trajectories, kept pressure on long-term rates. This pressure was particularly pronounced in Europe and Japan, while US rates experienced high volatility before ending the month close to their late July levels. In this environment, the materials and energy sectors benefited from the rise in commodities, while the segments most sensitive to rates, notably real estate and utilities, suffered more. Technology nevertheless outperformed thanks to strong results and upward earnings revisions. Within the sector, the month was marked by a pronounced rotation in favor of software. After their sharp correction in July, semiconductors rebounded, still supported by strong investments in artificial intelligence infrastructure, but their progress remained clearly below that of software. Earnings releases confirmed the resilience of demand, as well as the first tangible effects of AI monetization in certain segments such as data and cybersecurity.
In this context, the fund rose by +0.95% over the month, compared to +1.69% for the benchmark index. The fund’s performance was driven by the software sector, and more specifically by cybersecurity software and the AI data platform Snowflake. Earnings releases in the sector highlighted that these software solutions benefited from accelerating volumes thanks to AI and agents, in particular. We also benefited from Adyen’s strong results, which showed an acceleration in volumes. Adyen also announced it had signed a partnership with OpenAI for Adyen Agentic, positioning itself as the payment layer between OpenAI agents and merchants. The fund’s lag relative to the index is therefore explained by our exposure to infrastructure and construction, segments that suffered from the rise in long-term rates and budgetary concerns.
During the month, we took some profits on our software exposures, given their very strong performance and now very rich valuations, despite still solid underlying momentum.
We believe we are entering a new phase of the AI-related infrastructure spending cycle, characterized by continued strong demand but increasingly dependent on market financing (capital increases and debt issuance), while supply is adjusting upwards through supplier diversification and the establishment of new capacities. Some business models, which seemed threatened by new AI models, have recently sent positive signals regarding their ability to retain a place in the new ecosystem. Moreover, the market environment seems more fragile to us, between the prolongation of the conflict in Iran, concerns related to budgetary spending, and the rise in long-term rates. In this context, we maintain a cautious approach, focused on stock selection, without major rotation. We are entering a phase of uncertainty in the AI value chain, between high industrial visibility and persistent uncertainties about financing and the US political context, with growing opposition to the granting of permits for the construction of new data centers. In this environment, we favor stocks offering opportunities that go beyond the simple continuation of the cycle.
In this context, the fund rose by +0.95% over the month, compared to +1.69% for the benchmark index. The fund’s performance was driven by the software sector, and more specifically by cybersecurity software and the AI data platform Snowflake. Earnings releases in the sector highlighted that these software solutions benefited from accelerating volumes thanks to AI and agents, in particular. We also benefited from Adyen’s strong results, which showed an acceleration in volumes. Adyen also announced it had signed a partnership with OpenAI for Adyen Agentic, positioning itself as the payment layer between OpenAI agents and merchants. The fund’s lag relative to the index is therefore explained by our exposure to infrastructure and construction, segments that suffered from the rise in long-term rates and budgetary concerns.
During the month, we took some profits on our software exposures, given their very strong performance and now very rich valuations, despite still solid underlying momentum.
We believe we are entering a new phase of the AI-related infrastructure spending cycle, characterized by continued strong demand but increasingly dependent on market financing (capital increases and debt issuance), while supply is adjusting upwards through supplier diversification and the establishment of new capacities. Some business models, which seemed threatened by new AI models, have recently sent positive signals regarding their ability to retain a place in the new ecosystem. Moreover, the market environment seems more fragile to us, between the prolongation of the conflict in Iran, concerns related to budgetary spending, and the rise in long-term rates. In this context, we maintain a cautious approach, focused on stock selection, without major rotation. We are entering a phase of uncertainty in the AI value chain, between high industrial visibility and persistent uncertainties about financing and the US political context, with growing opposition to the granting of permits for the construction of new data centers. In this environment, we favor stocks offering opportunities that go beyond the simple continuation of the cycle.
Characteristics
General data
Inception date
17/09/2019First Nav Date
17/09/2019Currency
EURShow more
Valuation
DailyMinimum initial investment
100000 eurosMinimum 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 | 0.96% of the value of your investment per year. This percentage is based on actual costs over the last year. | €91.39 | |
| Transaction costs | 0.19% 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. | €17.98 | |
| Incidental costs taken under specific conditions (Investment EUR 10,000) | |||
| Performance fees | 15.00% 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. | €5.51 | |
Codification
ISIN code
LU1989764151Bloomberg code
Reuters code
Investment Objective
The Compartment's objective is to outperform global equity markets over a long-term period (minimum of five years) by investing in international equities which contribute to urbanisation and sustainable development of cities, while integrating Environmental, Social and Governance (E, S, and G - or, when taken together, ESG) criteria in the investment process.
Documents
| Language | Documents | Type | Closing Date |
|---|---|---|---|
CS | PDF | 01/09/2026 | |
EN | PDF | 31/07/2025 | |
PDF | 03/08/2026 | ||
PDF | 31/01/2026 | ||
CS | PDF | 31/08/2026 | |
EN | PDF | 26/10/2016 |
Sustainability-related disclosures
| Language | Documents | Type | Closing Date |
|---|---|---|---|
CS | PDF | 18/12/2025 | |
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.