CPR Invest - Biodiversity - A EUR - Acc ISIN : LU3110816249
CPR Invest - Biodiversity - A EUR - Acc
Asset class: Equities
YTD
As of 22/10/202615.50%
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 23/10/2026€123.85
SFDR ClassificationSustainable Finance Disclosure Regulation
Art. 8
Fund AUM
As of 23/10/2026€233.51M
The Compartment's objective is to outperform the MSCI World Index, over the recommended holding period (at least five years) through active management of international equities, while incorporating indicators for analysing the sustainability of biodiversity practices.
Marketing Communication
NAVs
NAV from 20/10/2025 to 23/10/2026
Select period
Performance
Change in NAV in base 100
FundCPR Invest - Biodiversity - A EUR - Acc (14.78% 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.
Change in NAV in base 100Rolling performancesYear-on-year return (365 days)Annual returnsRisk indicatorsPerformances Scenarios
FundCPR Invest - Biodiversity - A EUR - Acc (14.78% 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: 30/09/2026Key highlights of the month
The month of September 2026 was marked by the return of major central banks to monetary tightening: within the span of a week, the ECB, the Fed, and the BoJ all raised their key interest rates by 25 bps, marking the first time these three central banks have done so in the same month. This move came against a backdrop of high energy prices. Indeed, the conflict between Iran and the United States intensified again at the beginning of the month, with attacks on both sides against ships near the Strait of Hormuz. As a result, Brent crude oil surpassed the $100 mark again on September 9.
The inflation indices published in September, covering the month of August, confirmed the divergence between the two sides of the Atlantic. In the eurozone, headline inflation accelerated sharply to 3.2% from 2.9% in July, its highest level since September 2023, driven by a renewed acceleration in the energy component (+14.3% year-on-year). In the United States, headline inflation (CPI) remained stable at 3.4% year-on-year. Activity indicators once again demonstrated the resilience of developed economies in the face of high energy prices. On September 16, the Fed unanimously raised the fed funds target range by 25 bps to 3.75/4%, its first rate hike since 2023. Kevin Warsh described this decision as the “removal of a dose of accommodation” rather than a tightening. Finally, the BoJ raised its main policy rate by 25 bps to 1.25%, its highest level since 1995.
As a result, bond yields rose sharply over the month, due to the combined effect of rising oil prices and monetary tightening. The US 10-year yield gained about 50 bps over the month, ending around 5.28%, its highest level since 2007. Equity markets stalled in September, penalized by the rise in long-term rates. The S&P 500 ended the month roughly unchanged (about -0.8%), while the financial sector significantly underperformed (-7.3% for the month, its worst monthly performance since March 2023).
Note:
The OECD emphasizes the need to correct economic signals that continue to encourage biodiversity loss. This is why the report highlights the Kunming-Montreal framework’s objective to eliminate or reform $500 billion per year in harmful biodiversity subsidies by 2030. For the OECD, this figure is likely even more structural than the $200 billion to be mobilized.
Summary of the main positions of the month:
In September 2026, the fund posted an underperformance of -0.2%. After a start to the period marked by a lag of up to -0.80%, the fund partially closed the gap in the second half of the month.
The main source of underperformance came from the absence of Meta (+30%), excluded for ESG reasons, generating an opportunity cost. The underweighting of large technology stocks, notably Apple (+7.5%) and Nvidia (+6%), also weighed on performance, as these stocks contributed significantly to the sector’s rise (+2% for the month). Conversely, the rebound in semiconductors such as AMD (+33%) and software publishers held in the portfolio (NetApp (+16%), Palo Alto (+6%)) helped to limit the gap. The absence of Tesla, which underperformed, was also beneficial over the quarter.
On the other hand, some environmental stocks such as Xylem (-6%) and Autodesk (-17%) negatively impacted the portfolio’s performance, following disappointing results and financial outlooks.
Portfolio movements were mainly dictated by ESG constraints and the desire to strengthen environmental coherence. Several arbitrages were made: exit from Central Japan Railway in favor of East Japan Railway, entry of John Deere (partially replacing Kubota), Waste Management and Veolia to strengthen exposure to recycling and energy efficiency themes. Synopsys and Eaton were increased or introduced for their technological and environmental profiles. Profit-taking was carried out on NetApp, Brambles, and Qantas after strong performances, while Simon Property Group was sold due to pressure on green real estate.
The portfolio remains positioned on strong environmental themes, with increased exposure to energy efficiency and recycling, while maintaining prudent sector diversification. ESG constraints continue to guide stock selection, which limits exposure to large technology stocks but strengthens thematic commitment.
Outlook for the following month:
Regarding market outlook, the main message is that the end of 2026 is heading towards an environment more exposed to inflation and more fragile geopolitically, without signaling a generalized financial risk. The main driver is the resurgence of tensions in the Middle East between the United States and Iran, which has pushed up oil prices, increased inflationary pressures, and made central banks more cautious. At the same time, several reports indicate that markets have largely absorbed previous episodes of liquidity stress, with spreads and ETF prices returning to near-normal levels, while most fund and issuer safety margins remain healthy.
In terms of monetary policy, the dominant expectation is for sustainably higher rates, even if the trajectory varies by region. The Fed, ECB, and BoJ are all described as restrictive or in a normalization phase, with some sources even mentioning further rate hikes in September 2026. This outlines an environment in which bond yields remain high, the traditional role of sovereign bonds as a “safety net” in the event of recession is weaker, and macroeconomic volatility is expected to remain high. Despite these headwinds, the investment outlook remains moderately risk-on, particularly for equities and credit. Global equities are generally viewed positively, with a preference for the United States and Japan, and in Europe for segments less exposed to weak consumption. At the sector level, banks, industry, information technology, value style, and quality are favored, while real estate and consumer sectors appear less attractive.
The month of September 2026 was marked by the return of major central banks to monetary tightening: within the span of a week, the ECB, the Fed, and the BoJ all raised their key interest rates by 25 bps, marking the first time these three central banks have done so in the same month. This move came against a backdrop of high energy prices. Indeed, the conflict between Iran and the United States intensified again at the beginning of the month, with attacks on both sides against ships near the Strait of Hormuz. As a result, Brent crude oil surpassed the $100 mark again on September 9.
The inflation indices published in September, covering the month of August, confirmed the divergence between the two sides of the Atlantic. In the eurozone, headline inflation accelerated sharply to 3.2% from 2.9% in July, its highest level since September 2023, driven by a renewed acceleration in the energy component (+14.3% year-on-year). In the United States, headline inflation (CPI) remained stable at 3.4% year-on-year. Activity indicators once again demonstrated the resilience of developed economies in the face of high energy prices. On September 16, the Fed unanimously raised the fed funds target range by 25 bps to 3.75/4%, its first rate hike since 2023. Kevin Warsh described this decision as the “removal of a dose of accommodation” rather than a tightening. Finally, the BoJ raised its main policy rate by 25 bps to 1.25%, its highest level since 1995.
As a result, bond yields rose sharply over the month, due to the combined effect of rising oil prices and monetary tightening. The US 10-year yield gained about 50 bps over the month, ending around 5.28%, its highest level since 2007. Equity markets stalled in September, penalized by the rise in long-term rates. The S&P 500 ended the month roughly unchanged (about -0.8%), while the financial sector significantly underperformed (-7.3% for the month, its worst monthly performance since March 2023).
Note:
The OECD emphasizes the need to correct economic signals that continue to encourage biodiversity loss. This is why the report highlights the Kunming-Montreal framework’s objective to eliminate or reform $500 billion per year in harmful biodiversity subsidies by 2030. For the OECD, this figure is likely even more structural than the $200 billion to be mobilized.
Summary of the main positions of the month:
In September 2026, the fund posted an underperformance of -0.2%. After a start to the period marked by a lag of up to -0.80%, the fund partially closed the gap in the second half of the month.
The main source of underperformance came from the absence of Meta (+30%), excluded for ESG reasons, generating an opportunity cost. The underweighting of large technology stocks, notably Apple (+7.5%) and Nvidia (+6%), also weighed on performance, as these stocks contributed significantly to the sector’s rise (+2% for the month). Conversely, the rebound in semiconductors such as AMD (+33%) and software publishers held in the portfolio (NetApp (+16%), Palo Alto (+6%)) helped to limit the gap. The absence of Tesla, which underperformed, was also beneficial over the quarter.
On the other hand, some environmental stocks such as Xylem (-6%) and Autodesk (-17%) negatively impacted the portfolio’s performance, following disappointing results and financial outlooks.
Portfolio movements were mainly dictated by ESG constraints and the desire to strengthen environmental coherence. Several arbitrages were made: exit from Central Japan Railway in favor of East Japan Railway, entry of John Deere (partially replacing Kubota), Waste Management and Veolia to strengthen exposure to recycling and energy efficiency themes. Synopsys and Eaton were increased or introduced for their technological and environmental profiles. Profit-taking was carried out on NetApp, Brambles, and Qantas after strong performances, while Simon Property Group was sold due to pressure on green real estate.
The portfolio remains positioned on strong environmental themes, with increased exposure to energy efficiency and recycling, while maintaining prudent sector diversification. ESG constraints continue to guide stock selection, which limits exposure to large technology stocks but strengthens thematic commitment.
Outlook for the following month:
Regarding market outlook, the main message is that the end of 2026 is heading towards an environment more exposed to inflation and more fragile geopolitically, without signaling a generalized financial risk. The main driver is the resurgence of tensions in the Middle East between the United States and Iran, which has pushed up oil prices, increased inflationary pressures, and made central banks more cautious. At the same time, several reports indicate that markets have largely absorbed previous episodes of liquidity stress, with spreads and ETF prices returning to near-normal levels, while most fund and issuer safety margins remain healthy.
In terms of monetary policy, the dominant expectation is for sustainably higher rates, even if the trajectory varies by region. The Fed, ECB, and BoJ are all described as restrictive or in a normalization phase, with some sources even mentioning further rate hikes in September 2026. This outlines an environment in which bond yields remain high, the traditional role of sovereign bonds as a “safety net” in the event of recession is weaker, and macroeconomic volatility is expected to remain high. Despite these headwinds, the investment outlook remains moderately risk-on, particularly for equities and credit. Global equities are generally viewed positively, with a preference for the United States and Japan, and in Europe for segments less exposed to weak consumption. At the sector level, banks, industry, information technology, value style, and quality are favored, while real estate and consumer sectors appear less attractive.
Characteristics
General data
Inception date
20/10/2025First Nav Date
12/06/2025Currency
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 | 1.65% of the value of your investment per year. This percentage is based on actual costs over the last year. | €156.75 | |
| Transaction costs | 0.20% 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. | €19.00 | |
| 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
LU3110816249Bloomberg code
CPIBAEA LXReuters code
LP68884680Investment Objective
The Compartment's objective is to outperform the MSCI World Index, over the recommended holding period (at least five years) through active management of international equities, while incorporating indicators for analysing the sustainability of biodiversity practices.
Documents
| Language | Documents | Type | Closing Date |
|---|---|---|---|
NL | PDF | 01/09/2026 | |
PDF | 31/01/2026 | ||
EN | PDF | 31/07/2025 | |
PDF | 01/10/2026 | ||
EN | PDF | 31/12/2024 |
Sustainability-related disclosures
| Language | Documents | Type | Closing Date |
|---|---|---|---|
NL | PDF | 20/10/2025 | |
PDF | 03/08/2026 |
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.
The collective inestment scheme (UCITS) has been recognised for public marketing in the Netherlands by the Authority for The Financial Markets (AFM)
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.
The collective inestment scheme (UCITS) has been recognised for public marketing in the Netherlands by the Authority for The Financial Markets (AFM)