Carmignac has added a global equity fund to its range of UK-domiciled Oeics launched last year.
The FP Carmignac Global Equity Compounders fund invests in the shares of global “compounders” which Carmignac terms as companies with “high sustainable profitability that reinvest profits for future growth”.
It is managed by head of European equities Mark Denham and fund manager within the firm’s cross asset team Obe Ejikeme (pictured).
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The fund’s objective is to achieve capital growth over a period of at least five years, Carmignac said.
The two fund managers added in a press release: “Increasing life expectancy and major societal change have meant many investors are reconsidering how their investments can work for the benefit of their children and grandchildren. Our long-term investment approach aims to address these intergenerational investment goals.”
The fund uses a socially responsible investment approach, integrating ESG criteria and aiming for a low carbon portfolio.
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Carmignac UK branch managing director Maxime Carmignac said: “FP Carmignac Global Equity Compounders marks another significant milestone for Carmignac’s UK proposition, a key growth area for Carmignac.”
