CPR Invest - Global Lifestyles - A USD - Dist ISIN : LU1989768061
CPR Invest - Global Lifestyles - A USD - Dist
A USD(D) - LU1989768061
Asset class: Equities
YTD
As of 28/08/20261.67%
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 28/08/2026$124.64
SFDR ClassificationSustainable Finance Disclosure Regulation
Art. 8
Fund AUM
As of 28/08/2026$445.29M
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.
NAVs
NAV from 10/16/2020 to 08/28/2026
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Performance
Change in NAV in base 100
FundCPR Invest - Global Lifestyles - A USD - Dist (96.12% over the period)
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A. Simulation based on the performance from inception to Oct 15, 2020 of AF - CPR Global Lifestyles - AU (D) absorbed by CPR Invest - Global Lifestyles - A USD - Dist on Oct 16, 2020. CPR Invest - Global Lifestyles - A USD - Dist has adopted a fee structure with the same total ongoing charges than those of AF - CPR Global Lifestyles - AU (D) estimated at the merger date Oct 16, 2020.B. Performance of CPR Invest - Global Lifestyles - A USD - Dist 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 - A USD - Dist (96.12% over the period)
Select period
A. Simulation based on the performance from inception to Oct 15, 2020 of AF - CPR Global Lifestyles - AU (D) absorbed by CPR Invest - Global Lifestyles - A USD - Dist on Oct 16, 2020. CPR Invest - Global Lifestyles - A USD - Dist has adopted a fee structure with the same total ongoing charges than those of AF - CPR Global Lifestyles - AU (D) estimated at the merger date Oct 16, 2020.B. Performance of CPR Invest - Global Lifestyles - A USD - Dist 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: 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 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.
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.
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.
Characteristics
General data
Inception date
16/10/2020First Nav Date
12/03/2013Currency
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 | 2.00% of the value of your investment per year. This percentage is based on actual costs over the last year. | $189.72 | |
| 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 USD 10,000) | |||
| Performance fees | 15.00% annual outperformance of the reference asset 100% MSCI WORLD 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
LU1989768061Bloomberg 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 | 19/06/2026 | |
EN | PDF | 31/07/2025 | |
PDF | 07/05/2026 | ||
PDF | 31/01/2026 | ||
EN | PDF | 26/10/2016 |
Sustainability-related disclosures
| Language | Documents | Type | Closing Date |
|---|---|---|---|
SV | PDF | 18/12/2025 | |
EN | PDF | 16/04/2026 |