CPR Invest - Artificial Intelligence - E EUR - Acc ISIN : LU2860963441
CPR Invest - Artificial Intelligence - E EUR - Acc
E EUR(C) - LU2860963441
Asset class: Equities
YTD
As of 26/08/202630.34%
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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NAV
As of 26/08/2026€151.61
SFDR ClassificationSustainable Finance Disclosure Regulation
Art. 8
Fund AUM
As of 26/08/2026$360.15M
The investment objective is to outperform the MSCI ACWI IMI Artificial Intelligence Select Issuer Capped index over a long-term period (minimum of five years) by investing in international equities that contribute to or benefit from the development of artificial intelligence while integrating Environmental, Social and Governance (E, S, and G) criteria in the investment process.
NAVs
NAV from 10/10/2024 to 08/26/2026
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Performance
Change in NAV in base 100
FundCPR Invest - Artificial Intelligence - E EUR - Acc (50.44% 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 - Artificial Intelligence - E EUR - Acc (50.44% over the period)
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Portfolio Analysis
Management commentary
Effective date: 31/07/2026In July, global equity markets moved in a more volatile environment, marked by escalating tensions between the United States and Iran, with second-round effects on energy prices, inflation expectations, and market sentiment. The Fed’s new communication policy, namely its intention to no longer provide forward guidance, also slightly fueled volatility. At the same time, the AI theme underwent a significant adjustment, as valuation levels and positioning reached extreme levels. The slightest negative news then triggered profit-taking. The market was particularly concerned about the emergence of a new Chinese open-weight model with 2.8 trillion parameters, Kimi K3 from Moonshot AI, thus reviving questions raised during the “DeepSeek” episode: if high-performing, lower-cost open-weight models are quickly adopted, the market could challenge current assumptions regarding monetization, return on invested capital, and continued massive AI infrastructure spending, especially since OpenAI and Anthropic occupy a central place in current capex expectations. These factors fueled a rotation from momentum positions and AI-related stocks to value and defensive sectors for most of the month, until the publication of Microsoft and Amazon’s results on Thursday, July 30. These releases, which confirmed not only good profitability from AI infrastructure spending but also continued robust future demand, marked a true inflection point for the technology sector. Initially, the beneficiaries of these expenditures, notably semiconductors, rebounded strongly; subsequently, cloud providers began to outperform and catch up on their year-to-date lag. Furthermore, half-yearly earnings releases proved extremely solid, with upward revisions to expected results, and resilient in the face of disruptions related to the Middle East conflict and inflationary pressures. Nevertheless, over the month, the AI theme underperformed via semiconductors and electrification companies, while energy (supported by the rise in oil prices amid renewed tensions between the United States and Iran) and financials (driven by a favorable market and economic environment as well as rising long-term rates) outperformed.
Correction phases are often the best way to test our convictions. The strategy posted, at the month’s low point, a decline of around ten percent, before rebounding significantly during the last two sessions. The profit-taking carried out in June helped preserve part of the outperformance accumulated since the beginning of the year, even though this effect was partly neutralized by a strong divergence in behavior between US-listed semiconductor stocks and their Asian counterparts. The relative underperformance compared to the index was concentrated on two elements. On the one hand, TSMC ADR underperformed the Taiwan-listed line, due to a compression of the valuation premium associated with the US listing. On the other hand, Micron, on which the exposure was more limited, outperformed SK Hynix and Samsung, overweighted in the portfolio, in a context of marked correction in the KOSPI, accentuated by positioning that became too consensual and high use of leverage, which amplified the decline of Korean sector stocks. At the individual position level, Amkor came under pressure after third-quarter revenue guidance fell short of expectations, against a backdrop of lower-than-anticipated Android volumes. At the same time, the company nevertheless announced a $1.5 billion financing agreement with Nvidia related to its Arizona site. SK Hynix also reported a quarter below expectations, mainly due to a delay in the HBM4 delivery schedule and a larger share of memory volumes covered by long-term contracts. At the end of the month, we began to gradually redeploy capital into certain targeted pockets of semiconductors, after a marked correction had brought some stocks down nearly -30%.
Management conviction remains unchanged: even if the value chain of models may evolve in favor of application layers, agents, and vertical software, the structural needs for computing, memory, and networks remain intact.
Correction phases are often the best way to test our convictions. The strategy posted, at the month’s low point, a decline of around ten percent, before rebounding significantly during the last two sessions. The profit-taking carried out in June helped preserve part of the outperformance accumulated since the beginning of the year, even though this effect was partly neutralized by a strong divergence in behavior between US-listed semiconductor stocks and their Asian counterparts. The relative underperformance compared to the index was concentrated on two elements. On the one hand, TSMC ADR underperformed the Taiwan-listed line, due to a compression of the valuation premium associated with the US listing. On the other hand, Micron, on which the exposure was more limited, outperformed SK Hynix and Samsung, overweighted in the portfolio, in a context of marked correction in the KOSPI, accentuated by positioning that became too consensual and high use of leverage, which amplified the decline of Korean sector stocks. At the individual position level, Amkor came under pressure after third-quarter revenue guidance fell short of expectations, against a backdrop of lower-than-anticipated Android volumes. At the same time, the company nevertheless announced a $1.5 billion financing agreement with Nvidia related to its Arizona site. SK Hynix also reported a quarter below expectations, mainly due to a delay in the HBM4 delivery schedule and a larger share of memory volumes covered by long-term contracts. At the end of the month, we began to gradually redeploy capital into certain targeted pockets of semiconductors, after a marked correction had brought some stocks down nearly -30%.
Management conviction remains unchanged: even if the value chain of models may evolve in favor of application layers, agents, and vertical software, the structural needs for computing, memory, and networks remain intact.
Characteristics
General data
Inception date
10/10/2024First Nav Date
10/10/2024Currency
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 | 0.60% of the value of your investment per year. This percentage is based on actual costs over the last year. | €57.00 | |
| Transaction costs | 0.20% 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. | €19.00 | |
| Incidental costs taken under specific conditions (Investment EUR 10,000) | |||
| Performance fees | 15.00% annual outperformance of the reference asset 100% MSCI ACWI IMI ARTIFICIAL INTELLIGENCE SELECT ISSUER CAPPED 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
LU2860963441Bloomberg code
CIAIEEA LXReuters code
Investment Objective
The investment objective is to outperform the MSCI ACWI IMI Artificial Intelligence Select Issuer Capped index over a long-term period (minimum of five years) by investing in international equities that contribute to or benefit from the development of artificial intelligence while integrating Environmental, Social and Governance (E, S, and G) criteria in the investment process.
Documents
| Language | Documents | Type | Closing Date |
|---|---|---|---|
SV | PDF | 17/06/2026 | |
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 | 01/01/2025 | |
EN | PDF | 16/04/2026 |