CPR Invest - Global Lifestyles - A2 USD - Acc ISIN : LU1989768145
CPR Invest - Global Lifestyles - A2 USD - Acc
A2(C) - LU1989768145
Asset class: Equities
YTD
As of 14/10/2026-0.78%
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 14/10/2026$120.70
SFDR ClassificationSustainable Finance Disclosure Regulation
Art. 8
Fund AUM
As of 14/10/2026$414.18M
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.
Marketing Communication
NAVs
NAV from 16/10/2020 to 14/10/2026
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Performance
Change in NAV in base 100
FundCPR Invest - Global Lifestyles - A2 USD - Acc (96.61% over the period)
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A. Simulation based on the performance from inception to Oct 15, 2020 of AF - CPR Global Lifestyles - A2U (C) absorbed by CPR Invest - Global Lifestyles - A2 USD - Acc on Oct 16, 2020. CPR Invest - Global Lifestyles - A2 USD - Acc has adopted a fee structure with the same total ongoing charges than those of AF - CPR Global Lifestyles - A2U (C) estimated at the merger date Oct 16, 2020.B. Performance of CPR Invest - Global Lifestyles - A2 USD - Acc since its launch date.Performance published and achieved before the date of the change corresponds to a different strategy from the current one.
Change in NAV in base 100Rolling performancesYear-on-year return (365 days)Annual returnsRisk indicatorsPerformances Scenarios
FundCPR Invest - Global Lifestyles - A2 USD - Acc (96.61% over the period)
Select period
A. Simulation based on the performance from inception to Oct 15, 2020 of AF - CPR Global Lifestyles - A2U (C) absorbed by CPR Invest - Global Lifestyles - A2 USD - Acc on Oct 16, 2020. CPR Invest - Global Lifestyles - A2 USD - Acc has adopted a fee structure with the same total ongoing charges than those of AF - CPR Global Lifestyles - A2U (C) estimated at the merger date Oct 16, 2020.B. Performance of CPR Invest - Global Lifestyles - A2 USD - Acc since its launch date.Performance published and achieved before the date of the change corresponds to a different strategy from the current one.
Portfolio Analysis
Management commentary
Effective date: 30/09/2026The indices delivered mixed performances: the MSCI World gained 1.0%, while the Nasdaq rose by 1.86%, driven by the technology sector. By contrast, the S&P 500 declined by 0.45% and the STOXX 600 fell by 2.49%.
Despite a rising-rate environment that was unfavourable for equities, markets remained supported by strong earnings growth: +31% in 2026 and +12% in 2027 in the United States, and +17% in 2026 and +9% in 2027 in Europe.
Interest rates continued to rise, with the US Federal Reserve increasing its policy rate by 25 basis points to 4.00% on 16 September—its first rate hike since 2023. This pushed the US 10-year Treasury yield to 5.29%, a historically high level. The move was underpinned by persistent inflation, with oil trading at USD 103 per barrel, and a robust US economy, as illustrated by a PMI reading of 58.4, its highest level in five years.
At the sector level, technology gained 6.8%, led by semiconductors, which rose by 9.5% on the back of a favourable outlook for AI capital expenditure—USD 800 billion in 2026 and USD 1.2 trillion in 2027. Communication services advanced by 5.8%, supported by Meta’s significant 30% increase following the launch of Muse, its AI agent. This development disrupted the travel segment within consumer discretionary, which declined by 3.9%, as well as services within the financial sector, which fell by 3.34%.
Over the period, the fund gained 1.0%, in line with the MSCI World.
We also lowered our exposure to the luxury sector, while maintaining a preference for Richemont, and reallocated capital towards our technology holdings, including Nvidia and Dell.
The portfolio remains positioned in cyclical consumer stocks to benefit from a recovery in travel activity, where valuations appear particularly attractive, as well as in digital consumer companies benefiting from AI-related investment. In this high-interest-rate environment, we remain attentive to valuations, interest-rate sensitivity and balance-sheet quality.
Despite a rising-rate environment that was unfavourable for equities, markets remained supported by strong earnings growth: +31% in 2026 and +12% in 2027 in the United States, and +17% in 2026 and +9% in 2027 in Europe.
Interest rates continued to rise, with the US Federal Reserve increasing its policy rate by 25 basis points to 4.00% on 16 September—its first rate hike since 2023. This pushed the US 10-year Treasury yield to 5.29%, a historically high level. The move was underpinned by persistent inflation, with oil trading at USD 103 per barrel, and a robust US economy, as illustrated by a PMI reading of 58.4, its highest level in five years.
At the sector level, technology gained 6.8%, led by semiconductors, which rose by 9.5% on the back of a favourable outlook for AI capital expenditure—USD 800 billion in 2026 and USD 1.2 trillion in 2027. Communication services advanced by 5.8%, supported by Meta’s significant 30% increase following the launch of Muse, its AI agent. This development disrupted the travel segment within consumer discretionary, which declined by 3.9%, as well as services within the financial sector, which fell by 3.34%.
Over the period, the fund gained 1.0%, in line with the MSCI World.
- Information technology made the largest positive contribution to relative performance, supported by our holdings in: Advanced Micro Devices (+32.9%), whose market capitalisation exceeded USD 1 trillion for the first time, driven by an acceleration in product launches; Dell Technologies (+20.6%), which is well positioned to benefit from strong demand for its servers; Samsung Electronics, which posted a more moderate gain of 6.9%.
- The fund’s underweight position in industrials and its lack of exposure to materials contributed positively to relative performance. This was complemented by a favourable stock-selection effect from Delta Air Lines (+9.4%), whose business remained resilient despite the geopolitical environment and high oil prices.
- Consumer discretionary was the largest detractor from relative performance, reflecting both the fund’s overweight position and an unfavourable stock-selection effect. Within travel, Booking Holdings (-16.1%), like other online platforms, was affected by growing concerns over disintermediation linked to Muse, Meta’s AI agent. Rising oil prices also weighed on Viking Holdings (-7.0%). Our automotive holdings also declined, including BYD (-11.0%) and Hyundai Motor (-11.6%). This was linked to the tightening of Europe’s trade framework for vehicles manufactured in China, while vehicle sales in China continued to fall in August. In addition, Richemont (-5.4%) was caught up in the broader deterioration in sentiment towards the luxury sector, which was affected by analysts’ more cautious outlook for the third quarter.
- Our holdings in consumer staples and healthcare underperformed, as these sectors are generally overlooked in a rising-rate environment. Decliners included Danone (-8.7%), Anheuser-Busch (-4.3%), Alcon (-8.8%) and Haleon (-8.1%), with valuations reaching historically low levels.
- Portfolio activity
We also lowered our exposure to the luxury sector, while maintaining a preference for Richemont, and reallocated capital towards our technology holdings, including Nvidia and Dell.
- Outlook
The portfolio remains positioned in cyclical consumer stocks to benefit from a recovery in travel activity, where valuations appear particularly attractive, as well as in digital consumer companies benefiting from AI-related investment. In this high-interest-rate environment, we remain attentive to valuations, interest-rate sensitivity and balance-sheet quality.
Characteristics
General data
Inception date
16/10/2020First Nav Date
08/12/2006Currency
USDShow 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 USD 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 USD 10,000) | |||
| Management fees and other administrative or operating costs | 2.15% of the value of your investment per year. This percentage is based on actual costs over the last year. | $204.25 | |
| Transaction costs | 0.39% 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. | $37.41 | |
| Incidental costs taken under specific conditions (Investment USD 10,000) | |||
| Performance fees | There is no performance fee for this product. | $0.00 | |
Codification
ISIN code
LU1989768145Bloomberg code
Reuters code
Investment Objective
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.
Documents
| Language | Documents | Type | Closing Date |
|---|---|---|---|
SV | PDF | 01/09/2026 | |
EN | PDF | 31/07/2025 | |
PDF | 01/10/2026 | ||
PDF | 31/01/2026 | ||
EN | PDF | 30/09/2026 | |
EN | PDF | 26/10/2016 |
Sustainability-related disclosures
| Language | Documents | Type | Closing Date |
|---|---|---|---|
SV | PDF | 18/12/2025 | |
EN | PDF | 16/04/2026 |
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