A New Approach to Capturing Opportunities Across Europe
Why Is It Worth Taking a Fresh Look at European Equities?
New drivers of value creation are opening up a broad range of investment opportunities in Europe. Shifts in value chains, industrial priorities, and economic dynamics are likely to give rise to new winners across sectors, business models and investment styles. This calls for a balanced approach to stock picking that goes beyond the traditional growth and value categories.
Carmignac Portfolio Invest Europe seeks to capitalise on these shifts by identifying companies with the potential to generate above-market earnings growth over the long term. These may include established businesses, emerging leaders and companies undergoing transformation whose potential remains underestimated.
The strategy applies a disciplined and methodical approach to identifying companies with strong and increasing cash flow, with the aim of building a portfolio that can adapt as new opportunities emerge across European equity markets.
An Investment Approach Built Around Three Pillars
The strategy takes a broad approach to European equities. Looking beyond traditional investment styles and sectors, it seeks opportunities across companies with different business models and market capitalisations. The portfolio is concentrated and consists mainly, but not exclusively, of large-cap companies selected through in-depth fundamental analysis. The investment process is built around three complementary pillars:
Identifying tomorrow’s leaders: Target companies poised to shape the coming decade, supported by strong competitive positioning and shifts in the value chain. Turning transformation into a growth driver: Identify companies whose strategic decisions have the potential to drive earnings growth. Seeking companies with strong and increasing cash flow: Focus on companies demonstrating strong and increasing cash flow.
Strengthening Our European Equity Expertise
Before joining Carmignac, Frederic Jeanmaire managed a pan-European equity strategy for nearly 12 years. Under his management, the strategy ranked in the top decile of its category for its 1-year, 3-year, 5-year and 10-year returns1, as well as over his full tenure. It also regularly received a 5-star Morningstar rating. Frederic Jeanmaire’s experience in identifying tomorrow’s leaders and navigating structural market shifts underpins the investment philosophy of Carmignac Portfolio Invest Europe.
His approach combines a focus on quality and value creation with disciplined valuation, complementing Carmignac’s existing expertise in European markets.
With Carmignac Portfolio Invest Europe, we are expanding our range of pan-European equity strategies with an approach designed to identify new drivers of value creation across a broad investment universe while retaining the flexibility to adapt as markets evolve.
1Morningstar category: Europe Large-Cap Growth. Source: Morningstar, 29/05/2026. Morningstar Rating™: © Morningstar, Inc. All rights reserved. The reference to a ranking or a prize is not a guarantee of the future success of the manager or the fund.
Carmignac Portfolio Invest Europe A EUR Acc - ISIN: LU3426519099
Recommended minimum investment horizon: 5 years
Risk indicator*: 4/7
SFDR - Fund Classification**: Article 8
*Risk Scale from the KID (Key Information Document). Risk 1 does not mean a risk-free investment. This indicator may change over time. **Sustainable Finance Disclosure Regulation (SFDR) 2019/2088. The SFDR classification of the Funds may change over time.
Main risks of the fund - Equity: The Fund may be affected by stock price variations, the scale of which is dependent on external factors, stock trading volumes or market capitalization. Currency: Currency risk is linked to exposure to a currency other than the Fund’s valuation currency, either through direct investment or the use of forward financial instruments. Discretionary Management: Anticipations of financial market changes made by the Management Company have a direct effect on the Fund's performance, which depends on the stocks selected. The Fund presents a risk of loss of capital. Please refer to the Fund’s prospectus to view the exhaustive list of risks.
Marketing communication. Please refer to the KID, prospectus of the fund before making any final investment decisions. This document is intended for professional clients.
This material may not be reproduced, in whole or in part, without prior authorisation from the Management Company. This material does not constitute a subscription offer, nor does it constitute investment advice. The information contained in this material may be partial information and may be modified without prior notice. Access to the Funds may be subject to restrictions regarding certain persons or countries. The Funds may not be offered or sold, directly or indirectly, for the benefit or on behalf of a «U.S. person», according to the definition of the US Regulation S and FATCA. The risks, fees and ongoing charges are described in the KID (Key Information Document). The KID must be made available to the subscriber prior to subscription. The subscriber must read the KID. Investors may lose some or all their capital, as the capital in the funds are not guaranteed. The Funds present a risk of loss of capital. The Funds’ prospectus, KIDs, NAVs and annual reports are available at www.carmignac.com/en, or upon request to the Management Carmignac Portfolio refers to the sub-funds of Carmignac Portfolio SICAV, an investment company under Luxembourg law, conforming to the UCITS Directive. In Switzerland: the prospectus, KIDs and annual report are available at www.carmignac.com/en-ch, or through our representative in Switzerland, CACEIS (Switzerland), S.A., Route de Signy 35, CH-1260 Nyon. The paying agent is CACEIS Bank, Montrouge, Nyon Branch / Switzerland, Route de Signy 35, 1260 Nyon.
