CPR Invest - Future Cities - A EUR - Acc ISIN : LU1989763773
CPR Invest - Future Cities - A EUR - Acc
Asset class: Equities
YTD
As of 27/08/202612.39%
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 28/08/2026€172.18
SFDR ClassificationSustainable Finance Disclosure Regulation
Art. 8
Fund AUM
As of 28/08/2026$41.12M
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.
Marketing Communication
NAVs
NAV from 09/17/2019 to 08/28/2026
Select period
Performance
Change in NAV in base 100
FundCPR Invest - Future Cities - A EUR - Acc (72.68% over the period)
Select period
Change in NAV in base 100Rolling performancesYear-on-year return (365 days)Annual returnsRisk indicatorsPerformances Scenarios
FundCPR Invest - Future Cities - A EUR - Acc (72.68% over the period)
Select period
Portfolio Analysis
Management commentary
Effective date: 30/11/2023After three consecutive months of decline, the MSCI World shows its first increase since August, with a positive performance of +6% (in euros) in November. The IT and Real Estate sectors outperform the index, rising by +10.1% and +8.3%, respectively. Market optimism, tied to the anticipation of central banks' interest rate stability, boosts the Real Estate sector, which hadn't seen an increase in three months. On the flip side, only the Energy sector displays a negative performance for the month, decreasing by -2.7% within the MSCI World index. This decline is attributed to the fall in oil prices. The oil market is under pressure due to concerns about excess supply. The slowdown in the American and European economies (and potentially in Chinese demand) weighs on demand as supply continues to grow. This trend would only reverse at the end of the month following the OPEC+ decision to further reduce crude oil production. The decline in gas prices adds to the pressure on the sector.
In November, the Federal Reserve (Fed) interest rates unchanged. Despite the caution expressed by the ECB early in the month, the idea of an end to the monetary tightening cycle gained traction and dominated by month-end. In his latest speech before the FOMC (scheduled for December 13), Jerome Powell emphasized "significant progress" regarding inflation, noting that the Fed has positioned its policy rates "largely in restrictive territory," a new formulation from him.
After rising for the third consecutive month in September (to 49) and then falling sharply to 46.7 in October, the manufacturing ISM stagnates in November at 46.7, close to its lowest levels since the post-COVID years. It marks the 13th consecutive month in contraction territory. If the "new orders" component improves slightly, it also remains in contraction territory. The ISM services inches up marginally in November to 52.7, compared to 51.8 in October, still remaining in the very low range for periods of economic expansion. The "new orders" component remains stable, while the "backlog of orders" component deteriorates and returns to contraction.
Across the Atlantic, the ECB also kept interest rates unchanged for November. Christine Lagarde anticipates a return to the +2% target by 2025. The European Commission revised its growth forecasts downward, with GDP projected at +0.6% in 2023 (compared to +0.8% for the last forecast) and +1.2% in 2024 (compared to previously projected +1.3%). The ECB also predicts a contraction or stagnation of GDP in Q4. In November, total inflation in the eurozone fell to 2.4% on an annual basis (after 2.9% in October). Core inflation continued its decline to 3.6% in November, compared to 4.2% in October. Total inflation fell below the consensus, which expected it to be at 2.7%. The eurozone composite PMI rebounds from 46.5 in October to 47.1 in November, thanks to an improvement in the indicator in services (from 47.8 to 48.2) and in industry (from 43.1 to 43.8). Activity and new orders have declined for the 6th consecutive month, and employment has decreased for the first time in 3 years. According to SP, the PMI could signal a new contraction of GDP in Q4 2023.
Over the month, the fund outperformed its reference index. Technology was the best contributor to relative performance, driven by semis rebound (AMD +23%, STM +25%) benefitting from various comments on AI and better prospects for 2024. Palo Alto (+21%) and Crowdstrike (+34%) rose sharply on both geopolitical tensions and good quarterly results. Industrials also gained as investors bought more cyclical assets: Schneider Electric (+20%) and Owens Corning (+20%) were the two best contributors. Real Estate and Utilities posted good returns as interest rates fell across developed countries.
In terms of movements, we sold Amazon for ESG reasons. We initiated a position Linde within the portfolio, a leader in industrial gas as well as on Compass within Catering services. We increased position on Palo Alto and Visa, while taking profits on Crowdstrike and Toyota. We cut exposure to Lithium companies.
In November, the Federal Reserve (Fed) interest rates unchanged. Despite the caution expressed by the ECB early in the month, the idea of an end to the monetary tightening cycle gained traction and dominated by month-end. In his latest speech before the FOMC (scheduled for December 13), Jerome Powell emphasized "significant progress" regarding inflation, noting that the Fed has positioned its policy rates "largely in restrictive territory," a new formulation from him.
After rising for the third consecutive month in September (to 49) and then falling sharply to 46.7 in October, the manufacturing ISM stagnates in November at 46.7, close to its lowest levels since the post-COVID years. It marks the 13th consecutive month in contraction territory. If the "new orders" component improves slightly, it also remains in contraction territory. The ISM services inches up marginally in November to 52.7, compared to 51.8 in October, still remaining in the very low range for periods of economic expansion. The "new orders" component remains stable, while the "backlog of orders" component deteriorates and returns to contraction.
Across the Atlantic, the ECB also kept interest rates unchanged for November. Christine Lagarde anticipates a return to the +2% target by 2025. The European Commission revised its growth forecasts downward, with GDP projected at +0.6% in 2023 (compared to +0.8% for the last forecast) and +1.2% in 2024 (compared to previously projected +1.3%). The ECB also predicts a contraction or stagnation of GDP in Q4. In November, total inflation in the eurozone fell to 2.4% on an annual basis (after 2.9% in October). Core inflation continued its decline to 3.6% in November, compared to 4.2% in October. Total inflation fell below the consensus, which expected it to be at 2.7%. The eurozone composite PMI rebounds from 46.5 in October to 47.1 in November, thanks to an improvement in the indicator in services (from 47.8 to 48.2) and in industry (from 43.1 to 43.8). Activity and new orders have declined for the 6th consecutive month, and employment has decreased for the first time in 3 years. According to SP, the PMI could signal a new contraction of GDP in Q4 2023.
Over the month, the fund outperformed its reference index. Technology was the best contributor to relative performance, driven by semis rebound (AMD +23%, STM +25%) benefitting from various comments on AI and better prospects for 2024. Palo Alto (+21%) and Crowdstrike (+34%) rose sharply on both geopolitical tensions and good quarterly results. Industrials also gained as investors bought more cyclical assets: Schneider Electric (+20%) and Owens Corning (+20%) were the two best contributors. Real Estate and Utilities posted good returns as interest rates fell across developed countries.
In terms of movements, we sold Amazon for ESG reasons. We initiated a position Linde within the portfolio, a leader in industrial gas as well as on Compass within Catering services. We increased position on Palo Alto and Visa, while taking profits on Crowdstrike and Toyota. We cut exposure to Lithium companies.
Characteristics
General data
Inception date
17/09/2019First Nav Date
17/09/2019Currency
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 | 1.95% of the value of your investment per year. This percentage is based on actual costs over the last year. | €185.35 | |
| Transaction costs | 0.14% 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. | €13.28 | |
| 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 All Country World Index (MSCI ACWI) Net Return Index. ESMA methodology since 01/01/2022. 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
LU1989763773Bloomberg 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 |
|---|---|---|---|
SV | PDF | 18/12/2025 | |
EN | PDF | 31/07/2025 | |
PDF | 07/05/2026 | ||
PDF | 31/01/2026 | ||
SV | PDF | 31/07/2026 | |
EN | PDF | 26/10/2016 |
Sustainability-related disclosures
| Language | Documents | Type | Closing Date |
|---|---|---|---|
SV | PDF | 18/12/2025 | |
EN | PDF | 07/05/2026 |
The Funds has been passported into Sweden pursuant to the Swedish Securities Funds Act (as amended) (Sw. lag (2004:46) om värdepappersfonder), implementing the UCITS IV Directive and may accordingly be distributed to Swedish investors. The Key Investor Information Document (“KIID”) (in Swedish) and the prospectus for the funds, as well as the annual and semi-annual reports are also available from the Swedish paying agent free of charge. The name and details of the Swedish paying agent are MFEX MUTUAL FUNDS EXCHANGE AB – Grev Turegatan 19 – Box 5378 – 10249 Stockolm.
Entry and exit fees are not taken into account in the past returns. You may consider that those fees may impact the past performance
Entry and exit fees are not taken into account in the past returns. You may consider that those fees may impact the past performance