CPR Invest - Global Gold Mines - A EUR - Acc ISIN : LU1989765471
CPR Invest - Global Gold Mines - A EUR - Acc
A EUR(C) - LU1989765471
Asset class: Equities
YTD
As of 16/09/202610.47%
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 16/09/2026€239.46
SFDR ClassificationSustainable Finance Disclosure Regulation
Art. 8
Fund AUM
As of 16/09/2026$2.42B
The Compartment’s objective is to outperform (after applicable fees) the NYSE Arca Gold Miners index over a long-term period (minimum 5 years) by investing in international equities mainly involved in the mining of gold or other precious metals and minerals or other related mining activities.
NAVs
NAV from 10/16/2020 to 09/16/2026
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Performance
Change in NAV in base 100
FundCPR Invest - Global Gold Mines - A EUR - Acc (217.49% over the period)
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A. Simulation based on the performance from inception to Oct 15, 2020 of AF - CPR Global Gold Mines - AE (C) absorbed by CPR Invest - Global Gold Mines - A EUR - Acc on Oct 16, 2020. CPR Invest - Global Gold Mines - A EUR - Acc has adopted a fee structure with the same total ongoing charges than those of AF - CPR Global Gold Mines - AE (C) estimated at the merger date Oct 16, 2020.B. Performance of CPR Invest - Global Gold Mines - A EUR - 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 - Global Gold Mines - A EUR - Acc (217.49% over the period)
Select period
A. Simulation based on the performance from inception to Oct 15, 2020 of AF - CPR Global Gold Mines - AE (C) absorbed by CPR Invest - Global Gold Mines - A EUR - Acc on Oct 16, 2020. CPR Invest - Global Gold Mines - A EUR - Acc has adopted a fee structure with the same total ongoing charges than those of AF - CPR Global Gold Mines - AE (C) estimated at the merger date Oct 16, 2020.B. Performance of CPR Invest - Global Gold Mines - A EUR - 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
Repartition 08/31/2026
Main Lines in Portfolio (Source: Amundi)Geographical breakdown (Source: Amundi)CurrencySector allocation
Sector | Weight | Spread / Index | |
|---|---|---|---|
| AGNICO EAG MINES-USD | Materials | 8.11% | -1.32% |
| NEWMONT CORP USD | Materials | 6.32% | -6.14% |
| FRANCO NEVADA CORP (USA) | Materials | 5.31% | 0.65% |
| ANGLOGOLD ASHANTI PLC NYSE | Materials | 5.16% | -0.05% |
| WHEATON PRECIOUS METALS CORP | Materials | 5.09% | -1.25% |
| BARRICK MINING CORP | Materials | 3.94% | -3.00% |
| KINROSS GOLD CORP US | Materials | 3.77% | 0.22% |
| GOLD FIELDS LTD-US-ADR | Materials | 3.45% | -0.49% |
| EQUINOX GOLD CORP - USD | Materials | 3.03% | 1.72% |
| PAN AMER SILVER USD | Materials | 3.01% | 0.88% |
Management commentary
Effective date: 31/08/2026Strong rebound in gold prices in August, as US debt soars with total outstanding now exceeding the $40T mark. The announcement by US Treasury Secretary Scott Bessent of a plan to buy back maturities over 10 years for an amount that could approach $1T had the effect of a bombshell, triggering a rally in gold prices to almost $4700/oz. But this was without counting on Fed Chairman Kevin Warsh, who dashed market hopes during his speech at Jackson Hall, insisting on maintaining his 2% inflation target and on the means to achieve it. Despite the pullback during the last week, gold prices ended with a monthly increase of ~9.5% ($)
In this context, investor interest in gold was rekindled and holdings of physically-backed gold ETCs jumped by almost 70 tonnes in August, returning to break-even since the start of the year.
Gold mining companies were not left behind in this environment, surging by more than 30% ($) in August, their best monthly performance since April 2020. The average gold prices expected by consensus for the whole of 2026 remained at $4545/oz, allowing for a stabilization of 12-month earnings expectations in August compared to July. It should be noted that after continued downward revisions, 12-month earnings expectations turned positive from mid-month, and remain up by ~15.5% since the start of the year.
Taking advantage of this momentum, the fund’s performance posted a sharp increase in August, close to that of its benchmark index. The best contributors to performance were the intermediate company Equinox Gold, the developers Novagold Resources and Gogold Resources, and the silver producer Aya Gold & Silver. In addition, the absence of exposure to Chinese companies Zijin and Zhaojin Mining, the Peruvian company Minas Buenaventura, the royalty company Triple Flag, as well as the underweighting of Barrick Mining, were also beneficial. Conversely, the main detractors were the developers Montage Gold, Omai Gold Mines and Skeena Resources, and the junior companies G Mining and Artemis Gold. The underweighting of Newmont Corp and the absence of exposure to Eldorado Gold and SSR Mining were also penalizing
Regarding portfolio management, two stocks exited the portfolio: Rio2 Ltd, which is developing two gold projects, and Bravo Mining, which is developing a platinum project in Brazil. Conversely, the main increases concerned Pan American Silver in silver, the senior companies Agnico Eagle, Newmont Corp and Anglogold Ashanti, the intermediate companies Alamos Gold, Zijin Gold, and the royalty/streaming companies Wheaton Precious Metals and Franco Nevada.
In this context, investor interest in gold was rekindled and holdings of physically-backed gold ETCs jumped by almost 70 tonnes in August, returning to break-even since the start of the year.
Gold mining companies were not left behind in this environment, surging by more than 30% ($) in August, their best monthly performance since April 2020. The average gold prices expected by consensus for the whole of 2026 remained at $4545/oz, allowing for a stabilization of 12-month earnings expectations in August compared to July. It should be noted that after continued downward revisions, 12-month earnings expectations turned positive from mid-month, and remain up by ~15.5% since the start of the year.
Taking advantage of this momentum, the fund’s performance posted a sharp increase in August, close to that of its benchmark index. The best contributors to performance were the intermediate company Equinox Gold, the developers Novagold Resources and Gogold Resources, and the silver producer Aya Gold & Silver. In addition, the absence of exposure to Chinese companies Zijin and Zhaojin Mining, the Peruvian company Minas Buenaventura, the royalty company Triple Flag, as well as the underweighting of Barrick Mining, were also beneficial. Conversely, the main detractors were the developers Montage Gold, Omai Gold Mines and Skeena Resources, and the junior companies G Mining and Artemis Gold. The underweighting of Newmont Corp and the absence of exposure to Eldorado Gold and SSR Mining were also penalizing
Regarding portfolio management, two stocks exited the portfolio: Rio2 Ltd, which is developing two gold projects, and Bravo Mining, which is developing a platinum project in Brazil. Conversely, the main increases concerned Pan American Silver in silver, the senior companies Agnico Eagle, Newmont Corp and Anglogold Ashanti, the intermediate companies Alamos Gold, Zijin Gold, and the royalty/streaming companies Wheaton Precious Metals and Franco Nevada.
Characteristics
General data
Inception date
16/10/2020First Nav Date
09/03/2006Currency
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 | 2.05% of the value of your investment per year. This percentage is based on actual costs over the last year. | €194.66 | |
| Transaction costs | 0.16% 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. | €15.54 | |
| Incidental costs taken under specific conditions (Investment EUR 10,000) | |||
| Performance fees | 15.00% annual outperformance of the reference asset 100% NYSE ARCA GOLD MINERS INDEX 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
LU1989765471Bloomberg code
CIGGMAE LXReuters code
Investment Objective
The Compartment’s objective is to outperform (after applicable fees) the NYSE Arca Gold Miners index over a long-term period (minimum 5 years) by investing in international equities mainly involved in the mining of gold or other precious metals and minerals or other related mining activities.
Documents
| Language | Documents | Type | Closing Date |
|---|---|---|---|
NL | PDF | 01/09/2026 | |
PDF | 03/08/2026 | ||
PDF | 31/01/2026 | ||
EN | PDF | 31/07/2025 |
Sustainability-related disclosures
| Language | Documents | Type | Closing Date |
|---|---|---|---|
NL | 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.
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)