CPR Invest - Global Lifestyles - R EUR - Acc ISIN : LU2464731962

Name: CPR Invest - Global Lifestyles - R EUR - Acc
Brand: CPR ASSET MANAGEMENT
Price: 96.13 EUR

CPR Invest - Global Lifestyles - R EUR - Acc

R EUR(C) - LU2464731962

Asset class: Equities

YTD

As of 26/08/2026

3.22%

Risk Indicator

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The risk indicator assumes you keep the product according to the holding period.

NAV

As of 26/08/2026

€96.24

SFDR Classification

Art. 8

Fund AUM

As of 26/08/2026

$446.70M

The Compartment’s objective is to outperform the MSCI World (dividend reinvested) index over a long-term period (minimum of five years) by investing in international equities involved in the consumption related to individual self-fulfillment and well-being.

Change in NAV in base 100

FundCPR Invest - Global Lifestyles - R EUR - Acc (-4.5% 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 incentive 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 100 Rolling performances Year-on-year return (365 days)Annual returns Risk indicators Performances Scenarios

FundCPR Invest - Global Lifestyles - R EUR - Acc (-4.5% over the period)

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Management commentary

Effective date: 31/07/2026July 2026 was shaped by the resurgence of hostilities between Iran and the United States. This led Brent crude oil to rally by 22%, peaking at $100 per barrel before easing slightly toward month-end to $89. Bond markets also came under pressure, with US 10-year Treasury yields ending the month at 4.71%.
Against this backdrop, equity markets delivered a mixed performance. The US market was broadly flat, down just 0.1%, while the Euro Stoxx 600 gained 1.2% and the Nikkei fell 8%. The month was marked by a clear sector rotation, with technology underperforming (-4.7%, including -14% for semiconductors) and capital moving toward financials (+5.8%, particularly less cyclical insurers) and more defensive areas such as consumer staples (+1.8%).
Within technology, investor sentiment diverged sharply amid concerns over a potential slowdown in AI-related demand, doubts about profitability, and the ability to finance extremely large investment programs. Microsoft (+23.8%) and Amazon (+13%) reassured the market, while Alphabet (-1%) and Meta (-1.8%) lagged.
In this context, the fund rose by 0.4%, (A share net of fees) compared with a 0.12% decline in the MSCI World, resulting in 50 basis points of outperformance.
In cyclical consumer names, the relative performance benefited from the rebound in our Chinese exposures, which were sought after in July following the weakness in US technology stocks. BYD (+29%) stood out, with export volumes outperforming domestic activity for the first time, while Alibaba (+22%) benefited from progress in Chinese AI.
Among the other positive contributors:

the travel segment showed strong resilience, with Booking (+7%) and Royal Caribbean (+7%);
Burlington (+16%) benefited from expectations of earnings growth of around 20% per year, supported by improved store productivity, new openings, and broader assortment diversification into categories such as beauty and home;
Amazon (+15.7%) was driven by a 37% increase in AWS (cloud activity). Management reassured investors on the strength of underlying demand, supporting higher capital expenditure plans, with AWS orders reaching $496 billion and potential medium-term opportunity estimated at $1 trillion, around five times current levels.
Tesla (-26%, underweight in the fund) reported results well below expectations, with operating profit down 57%, particularly in the automotive segment due to the end of US credits and rising competition in China. Higher investment in robotaxis, humanoids, and AI, further increased uncertainty around returns on capital.

Communication services also contributed positively, supported by Spotify (+8%) and Tencent (+8%), the latter benefiting from a rotation out of US technology stocks as well as resilient gaming revenues and WeChat-related services.
The relative performance was negatively impacted by energy, following the rebound in oil prices; financials (underweight positions on insurers (strong performance +6%); and consumer staples, with Danone down nearly 6% as it struggled to benefit from the momentum in the high-protein yogurt segment in the United States.
Portfolio Moves
We took profits in Richemont following very strong results, which are however already reflected in the current valuation, now at an all-time high of 27x forward earnings.
We began reducing our exposure to French equities in anticipation of the negative market perception likely to build ahead of the 2027 elections.
We increased our exposure to Ferrari, whose pricing power and product launch pipeline support growth above the group’s conservative guidance set at its Investor Day in November 2025.
Outlook
We remain disciplined and selective in our thematic consumer exposure, favoring experiences, travel, and premium consumption, while diversifying the portfolio toward other market segments such as financials with exposure to consumer credit.
In a concentrated market still dominated by AI, we remain attentive to valuation risk and interest-rate sensitivity, and continue to favour balance sheet quality and the ability to defend margins.

Costs 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	1.34% of the value of your investment per year. This percentage is based on actual costs over the last year.	€127.11
Transaction costs	0.44% 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.	€41.78
	Incidental costs taken under specific conditions (Investment EUR 10,000)
Performance fees	15.00% annual outperformance of the reference asset 15% of the difference between the net assets of the Share Class and the Reference Asset. Performance indicator : MSCI World Net Return Index. ESMA methodology since 01/01/202. 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

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.
Performances are also calculated without taking into account any tax that may lie with the product and/or the customer. The tax efffect depends on the customer’s individual situation and may change. Future returns will inter alia depend on market developments, the fund manager’s skill, the fund’s level risk and subscription and redemption fees.

Language	Documents	Type	Closing Date
NO	KID PRIIPs	PDF	17/10/2025
EN	Annual Report	PDF	31/07/2025
	Prospectus	PDF	07/05/2026
	Semi-Annual report	PDF	31/01/2026
EN	Status	PDF	26/10/2016

Language	Documents	Type	Closing Date
NO	SFDR Website disclosures – Summary	PDF	18/12/2025
EN	SFDR Pre-contractual Annex	PDF	16/04/2026

CPR Invest - Global Lifestyles - R EUR - Acc ISIN : LU2464731962

Marketing Communication

NAVs

Performance

Portfolio Analysis

Management commentary

Characteristics

General data

Costs Composition

Codification

Investment Objective

Documents

CPR Invest - Global Lifestyles - R EUR - Acc ISIN : LU2464731962

Marketing Communication

NAVs

Performance

Portfolio Analysis

Management commentary

Characteristics

General data

Costs Composition

Codification

Investment Objective

Documents

Sustainability-related disclosures