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Carmignac Pfl Unconstrained Glbl Bd A EUR acc

Ranked 39 out of 157 in - Global Flexible over 12 months
All calculations are in USD unless stated

Managed by

Charles Zerah

Charles Zerah began his career as a fixed income portfolio manager at AXA IM in 1995, and started running emerging debt funds a year later. He joined Crédit Lyonnais AM in 1999 as a Senior Manager for the emerging bond market asset class. Following the merger of CLAM with CA-AM, Charles Zerah joined the international bond management team led by Bruno Crastes in London, where he was responsible for the overall of emerging bond markets management. Charles took over the management of Carmignac Global Bond in March 2010, and was appointed as co-manager of the newly launched Carmignac Emerging Patrimoine, a balanced emerging market fund investing across equity, fixed income and currency markets in the emerging space. Charles is responsible for the bond & currency portion of the Fund, which includes local currency as well as hard currency emerging debt. Born in 1973, Charles Zerah holds a Master’s degree in Banking and Finance and a DESS postgraduate diploma in Finance with a major in Financial Markets, from the University of Paris II Panthéon Assas.


The sub-fund aims to outperform its reference indicator over a period exceeding two years, using an active, discretionary investment strategy based on strategic and tactical positions as well as arbitrage on all international fixed income and currency markets. The reference indicator is the JP Morgan Global Government Bond Index, coupons reinvested. Various sources are used in a bid to outperform: Credit strategies, Interest rate strategies, Currency strategies. Up to 20% of the net assets may be invested in contingent convertible bonds.

Showing fund performance globally. You can view performance in individual jurisdictions.


Global Flexible over : 31/12/2016 - 31/12/2017

Total Return

Quarterly Performance

to 31/12/2017 Annual Q1 Q2 Q3 Q4
2017 14.0% 3.3% 5.0% 3.0% 2.1%
2016 6.3% 6.3% 2.3% 2.4% -4.5%
2015 -7.2% -0.7% -3.9% 0.2% -3.0%
2014 -0.1% 3.6% 2.6% -4.5% -1.5%
2013 -0.4% -1.2% -3.5% -0.6% 5.2%
2012 8.7% 0.9% 4.4% 1.0% 2.3%
2011 5.9% 3.8% -0.2% 1.1% 1.2%
2010 -1.4% -4.0% -2.8% 11.5% -5.3%
2009 -9.6% -2.3% -4.0% -0.7% -3.0%
2008 0.3% 8.1% -6.0% -8.4% 7.7%

Month by Month Performance

Returns Vs Risk

Registered For Sale In

  1. Austria
  2. Belgium
  3. France
  4. Germany
  5. Ireland
  6. Italy
  7. Luxembourg
  8. Netherlands
  9. Spain
  10. Sweden
  11. Switzerland
  12. United Kingdom

Fund Info

  • Launch date14/12/2007
  • Share Class size553Mn
  • Base currency
  • ISIN LU0336083497

Purchase Info

  • Min. initial investment1
  • Min. regular additional investment1


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Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in USD).