CPR Invest - Climate Action - E EUR - Acc ISIN : LU1902444154
CPR Invest - Climate Action - E EUR - Acc
E(C) - LU1902444154
Asset class: Equities
YTD
As of 09/09/202611.74%
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 09/09/2026€231.19
SFDR ClassificationSustainable Finance Disclosure Regulation
Art. 8
Fund AUM
As of 09/09/2026€1.75B
The investment objective is to outperform global equity markets over a long-term period (minimum of five years) by investing in international equities committed to limiting impact of climate change, while integrating Environmental, Social and Governance (E, S, and G – or, when taken together, ESG) criteria in the investment process.
NAVs
NAV from 12/07/2018 to 09/09/2026
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Performance
Change in NAV in base 100
FundCPR Invest - Climate Action - E EUR - Acc (131.19% over the period)
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Change in NAV in base 100Rolling performancesYear-on-year return (365 days)Annual returnsRisk indicatorsPerformances Scenarios
FundCPR Invest - Climate Action - E EUR - Acc (131.19% over the period)
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Portfolio Analysis
Management commentary
Effective date: 31/08/2026August started off rather well, with hopes for the restoration of traffic in the Strait of Hormuz. The rest of the month was more turbulent, with renewed tensions between Iran and the United States, new tariffs between the United States and Canada in particular, and intensified Russian bombings in Ukraine while the front appears to be stalled. From a macroeconomic perspective, activity remains well oriented in the United States, even though economic surprises are deteriorating, while Europe is in a more uncertain dynamic.
In response to this situation, the markets focused on the end of earnings releases and the outlook provided by companies, which remain positive and show strong growth.
Ultimately, equity markets reached new highs in August. The gold, "Momo," and technology sectors outperformed, while "Value" stocks, Treasury bonds, and fixed income securities underperformed.
However, concerns about "fiscal dominance," the credibility of the Fed, and the sharp rise in issuances led to an increase in interest rates, which weighed on equities from mid-month onwards. These concerns will persist as the level of government debt remains high and significant electoral deadlines are ahead of us (mid-terms, French presidential elections, elections in Italy).
In terms of sector performance, Materials driven by gold miners, Tech boosted by large caps, Energy by rising oil prices, and Health where Medtech is rebounding on low valuations, posted the best gains. Conversely, more defensive sectors affected by rising rates underperformed, including Utilities, Real Estate, Telecoms, and Consumer Staples.
During the month, the fund outperformed its benchmark index. The overweight in the Tech sector, although favorable from a trend perspective given the absolute gains recorded by this sector, was penalized by positions whose performance was below that of the sector benchmark—particularly Samsung Electronics, whose stock declined despite results exceeding forecasts, as investors were skeptical about the viability of the AI hardware market. The overweight in the industrial sector worsened the decline, with both allocation and selection effects proving negative. In Consumer, TJX ended sharply lower as a more promotional environment put pressure on prices. On the positive side, concentrated positions in ServiceNow, Publicis Groupe, and Merck & Co. each generated significant gains related to stock selection, supported by strong financial results, upward revisions of forecasts, and pipeline-related catalysts. The underweight in the financial sector, the only sector with a combined positive allocation and stock picking attribution, served as a marginal buffer, with good contributions from Mizuho, S&P Global, and Commerzbank.
In terms of movements, we took profits on Merck Inc after its strong post-quarterly results rally, and on Palo Alto in cybersecurity. We also began to reduce our exposure to French stocks exposed to France (Orange, BNP, Société Générale). Finally, we increased our positions in Eaton, Siemens Energy, Infineon, and AMD.
The evolution of the markets in the coming months will obviously depend on the movement of interest rates and the perception of risk associated with the debt levels of the world’s major economies, but also on upcoming electoral deadlines and the political noise that will surround them. At the microeconomic level, the question of the profitability of investments associated with artificial intelligence remains unresolved, as the upcoming increase in depreciation will continue to weigh on free cash flow. Finally, within industrial sectors, the uneven performances this summer raise questions about the valuation multiples that investors are willing to grant the benefit of the doubt to companies for which visibility remains excellent but whose earnings growth is no longer accelerating.
In response to this situation, the markets focused on the end of earnings releases and the outlook provided by companies, which remain positive and show strong growth.
Ultimately, equity markets reached new highs in August. The gold, "Momo," and technology sectors outperformed, while "Value" stocks, Treasury bonds, and fixed income securities underperformed.
However, concerns about "fiscal dominance," the credibility of the Fed, and the sharp rise in issuances led to an increase in interest rates, which weighed on equities from mid-month onwards. These concerns will persist as the level of government debt remains high and significant electoral deadlines are ahead of us (mid-terms, French presidential elections, elections in Italy).
In terms of sector performance, Materials driven by gold miners, Tech boosted by large caps, Energy by rising oil prices, and Health where Medtech is rebounding on low valuations, posted the best gains. Conversely, more defensive sectors affected by rising rates underperformed, including Utilities, Real Estate, Telecoms, and Consumer Staples.
During the month, the fund outperformed its benchmark index. The overweight in the Tech sector, although favorable from a trend perspective given the absolute gains recorded by this sector, was penalized by positions whose performance was below that of the sector benchmark—particularly Samsung Electronics, whose stock declined despite results exceeding forecasts, as investors were skeptical about the viability of the AI hardware market. The overweight in the industrial sector worsened the decline, with both allocation and selection effects proving negative. In Consumer, TJX ended sharply lower as a more promotional environment put pressure on prices. On the positive side, concentrated positions in ServiceNow, Publicis Groupe, and Merck & Co. each generated significant gains related to stock selection, supported by strong financial results, upward revisions of forecasts, and pipeline-related catalysts. The underweight in the financial sector, the only sector with a combined positive allocation and stock picking attribution, served as a marginal buffer, with good contributions from Mizuho, S&P Global, and Commerzbank.
In terms of movements, we took profits on Merck Inc after its strong post-quarterly results rally, and on Palo Alto in cybersecurity. We also began to reduce our exposure to French stocks exposed to France (Orange, BNP, Société Générale). Finally, we increased our positions in Eaton, Siemens Energy, Infineon, and AMD.
The evolution of the markets in the coming months will obviously depend on the movement of interest rates and the perception of risk associated with the debt levels of the world’s major economies, but also on upcoming electoral deadlines and the political noise that will surround them. At the microeconomic level, the question of the profitability of investments associated with artificial intelligence remains unresolved, as the upcoming increase in depreciation will continue to weigh on free cash flow. Finally, within industrial sectors, the uneven performances this summer raise questions about the valuation multiples that investors are willing to grant the benefit of the doubt to companies for which visibility remains excellent but whose earnings growth is no longer accelerating.
Characteristics
General data
Inception date
07/12/2018First Nav Date
07/12/2018Currency
EURShow more
Valuation
DailyMinimum initial investment
100000 eurosMinimum 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 | 0.30% of the value of your investment per year. This percentage is based on actual costs over the last year. | €28.88 | |
| Transaction costs | 0.29% 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. | €27.35 | |
| Incidental costs taken under specific conditions (Investment EUR 10,000) | |||
| Performance fees | 15.00% annual outperformance of the reference asset 100% MSCI ACWI 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. | €3.33 | |
Codification
ISIN code
LU1902444154Bloomberg code
CPRCEEA LXReuters code
LP68528358Investment Objective
The investment objective is to outperform global equity markets over a long-term period (minimum of five years) by investing in international equities committed to limiting impact of climate change, 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 | 03/08/2026 | ||
PDF | 31/01/2026 | ||
SV | PDF | 31/08/2026 | |
EN | PDF | 31/12/2024 | |
EN | PDF | 26/10/2016 |
Sustainability-related disclosures
| Language | Documents | Type | Closing Date |
|---|---|---|---|
SV | PDF | 21/05/2025 | |
EN | PDF | 07/05/2026 |