CPR Invest - GEAR Emerging - A EUR - Acc ISIN : LU1811398467

CPR Invest - GEAR Emerging - A EUR - Acc
Asset class: Equities
YTD
As of 16/09/2026
25.22%
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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NAV
As of 16/09/2026
€184.18
SFDR ClassificationSustainable Finance Disclosure Regulation
Art. 8
Fund AUM
As of 16/09/2026
€57.87M
“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 09/16/2026
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Created with Highcharts 11.4.8CPR Invest - GEAR Emerging - A EUR - AccJan '19Jul '19Jan '20Jul '20Jan '21Jul '21Jan '22Jul '22Jan '23Jul '23Jan '24Jul '24Jan '25Jul '25Jan '26Jul '2675100125150175200225

Performance

Change in NAV in base 100
FundCPR Invest - GEAR Emerging - A EUR - Acc (99.98% over the period)
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Created with Highcharts 11.4.8ABCPR Invest - GEAR Emerging - A EUR - AccBenchmarkJul '17Jul '18Jul '19Jul '20Jul '21Jul '22Jul '23Jul '24Jul '25Jul '2650100150200250300
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.
Change in NAV in base 100Rolling performancesYear-on-year return (365 days)Annual returnsRisk indicatorsPerformances Scenarios
FundCPR Invest - GEAR Emerging - A EUR - Acc (99.98% over the period)
Select period
Created with Highcharts 11.4.8ABCPR Invest - GEAR Emerging - A EUR - AccBenchmarkJul '17Jul '18Jul '19Jul '20Jul '21Jul '22Jul '23Jul '24Jul '25Jul '2650100150200250300
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.

Portfolio Analysis

Repartition 08/31/2026
Sector allocationGeographical breakdown (Source: Amundi)Main Lines in Portfolio (Source: Amundi)Currency
Created with Highcharts 11.4.8Values42.66​42.6619.93​19.937.20​7.206.70​6.706.02​6.024.89​4.894.55​4.553.69​3.692.11​2.111.79​1.7941.56​41.5619.53​19.538.02​8.026.16​6.166.58​6.586.37​6.372.74​2.742.77​2.773.39​3.391.01​1.01PortfolioBenchmark0246810121416182022242628303234363840424446Information TechnologyFinancialsConsumer DiscretionaryCommunication ServicesIndustrialsMaterialsConsumer StaplesHealth CareEnergyReal EstateHighcharts.com

Management commentary

Effective date: 31/08/2026Performance
In August 2026, the MSCI Emerging Markets Index delivered a performance of +2.38%, outperforming the MSCI World Index, which rose by +1.60%. The indices of the main emerging countries showed contrasting trends, with several markets posting notable gains. Among them, South Africa recorded the best performance at +10.32%, followed by Turkey at +7.01%, Taiwan at +5.40%, Korea at +4.88%, and Poland at +4.04%. The Czech Republic rose by +1.93%, Chile by +1.54%, while Hungary remained stable. Conversely, several countries saw declines, notably the Philippines at -8.24%, Thailand at -2.91%, Brazil at -2.36%, China and India at -1.29%, Mexico at -1.03%, and Indonesia at -0.91%. Performances are expressed in euros.

Key highlights of the month
The monthly performance of emerging markets turned positive again in August, after two consecutive months of decline. Emerging markets outperformed the S&P 500 Index as well as developed markets. This recovery was largely driven by a rebound in Korea and Taiwan. In Korea in particular, the massive unwinding of positions mainly held by hedge funds and leveraged ETFs appears to have ended. Markets regained confidence in the development of artificial intelligence, supported by continued capital expenditures, solid revenue forecasts during the second quarter earnings season, and shareholder return plans from major Korean memory players. In particular, the announcement of a record increase in Nvidia’s annual revenue strengthened the long-term outlook for AI-related infrastructure in North Asia, signaling sustained spending by hyperscalers.

Review of main positions for the month
In August 2026, the fund’s performance was +3.81%, while the benchmark index was at +2.38%. Analysis of sources of relative performance reveals a neutral sector effect, with favorable selection in technology and healthcare sectors, but unfavorable in materials and energy. The country effect is positive thanks to a good contribution from Canada and Brazil, but negative for Saudi Arabia and South Africa. The Alpha Blend factor contributed positively with +0.93%, while the Defensive Alpha factor was neutral. The capitalization size effect remains negligible.
Among the stocks, we note positive contributions from King Slide Works (overweighted +82.9%), Aura Minerals (overweighted +53.1%), Gold Circuit Electronics (overweighted +48.3%), and Aspeed Technology (overweighted +11.6%). Conversely, Anglogold Ashanti (underweighted -47.2%), Hengan International Group (overweighted -11.6%), and Gold Fields (underweighted -39.9%) penalized performance.

Outlook for the following month
The current market context is marked by multiple structural disruptions, going beyond the traditional end of cycle. Geopolitical tensions, energy disruptions, and technological acceleration are maintaining persistent inflation, high budget deficits, and lasting macroeconomic uncertainty. Markets are unlikely to quickly regain pre-2026 stability. Pricing, balance sheet strength, and resilience to high discount rates remain key to differentiating assets and sectors. The equity environment remains favorable but highly selective. Artificial intelligence remains the main driver, expanding its benefits to an ecosystem including infrastructure, software, and industrial suppliers, reinforcing the sustainability of the theme. Regionally, the United States maintains solid fundamentals despite high valuations, while Europe is becoming more attractive, notably due to its ability to absorb energy costs. Emerging markets require rigorous selection; China demands a targeted approach, India retains interesting potential, and Japan relies on stable fundamentals. The strategy favors a moderately pro-risk positioning, focused on diversification and quality, targeting companies with robust cash flows and well positioned for long-term investment trends. The best opportunities are obtained through asset dispersion rather than a single dominant market direction.

Characteristics

General data

Inception date
11/10/2018
First Nav Date
24/09/2010
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 costs2.10% of the value of your investment per year. This percentage is based on actual costs over the last year.€199.79
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.€37.23
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
LU1811398467
Bloomberg code
CPIGEAE LX
Reuters 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

LanguageDocumentsTypeClosing Date
FI
PDF
01/09/2026
EN
PDF
31/07/2025
PDF
03/08/2026
PDF
31/01/2026
EN
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 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.

Institutional Sub-Class (Sub-Class I): Shares of this sub-class are only available to institutionals subscribing for their own account or within the framework of a collective savings or any comparable scheme, as well as UCITS. As such this Sub-Class benefits from the reduced "taxe d abonnement" of 0,01%. The minimum investment in this Sub-Class is USD 500,000.
Classic Sub-Class (Sub-Class C): Share of this sub-class are available to all investors. There is no minimum investment requirement in this sub-class.
Source : Amundi
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