The latest news in investment offerings, financial products and other services relevant to wealth advisors and their clients.

Carmignac
Paris-based asset manager Carmignac has launched Carmignac Portfolio Invest Europe, a European equity fund with a flexible approach to quality growth investing.

Carmignac Portfolio Invest Europe aims to capture trends and opportunities while maintaining its focus on quality growth companies, the firm said in a statement. The fund aims to build a diversified portfolio by expanding the range of quality growth opportunities, targeting companies with strong competitive positions, transformation potential and the ability to create long-term value, with the aim of delivering outperformance across a variety of market regimes. Its investment universe will include Emerging Europe, reflecting an open-minded approach to identifying the most compelling opportunities across the region.

The new fund is managed by Frederic Jeanmaire, a European equity fund manager who joined Carmignac earlier this year.

Jeanmaire is an experienced active stock picker who focuses on European companies with strong earnings growth potential. Prior to joining Carmignac, he managed a number of European equity funds including a pan-European equity fund, consistently rated five stars by Morningstar, which he managed for 12 years. The strategy achieved top-decile performance over one, three, five and 10 years, as well as over the entirety of Frederic’s tenure. Since he assumed management in September 2014, the strategy returned 217.8 per cent net, outperforming its benchmark, the MSCI Europe Index, by 73.5 per cent, and its category average by 109 per cent.

Carmignac Portfolio Invest Europe is classified as an Article 8 fund under the Sustainable Finance Disclosure Regulation (SFDR), reflecting the integration of environmental and/or social characteristics within its investment approach.

“Our new fund is designed to capture opportunities across different market environments, targeting structural growth across sectors and countries, including emerging Europe. That breadth, coupled with the ability to adapt as conditions evolve, is where I believe active, high-conviction investing can make a tangible difference for our clients,” Jeanmaire said.

“European equities remain one of our key convictions – rooted in our heritage, but more importantly, driven by the unrealised potential we continue to see across the region,” Maxime Carmignac chief executive officer of Carmignac UK and head of strategic product development at Carmignac, added.

WisdomTree
WisdomTree, a global financial innovator, has expanded its physical precious metals range with the launch of euro and GBP-hedged Physical Silver ETCs on Börse Xetra, Borsa Italiana and the London Stock Exchange.

WisdomTree Physical Silver – EUR Daily Hedged (AGSE) and WisdomTree Physical Silver – GBP Daily Hedged (PAGP) have a management fee of 0.25 per cent and a hedging fee of 0.10 per cent. The new products are designed to provide euro and GBP-based investors with cost-efficient access to the silver market while helping to mitigate the impact of fluctuations in the euro/dollar and sterling/dollar exchange rates.

Silver has a multi-faceted investment case, combining characteristics of both a precious and an industrial metal. While it maintains a strong relationship with gold and can benefit from macroeconomic uncertainty, it also plays a critical role in industrial applications and the energy transition, including solar panels, electric vehicles, and advanced electronics, the firm said in a statement.

As demand for renewable energy technologies continues to grow and industrial usage expands, silver is supported by structural demand drivers alongside traditional macro factors, offering investors exposure to both cyclical and long-term themes.

“Silver offers a unique combination of precious and industrial demand drivers, making it an important component in many portfolios,” Nitesh Shah, head of commodities and macroeconomic research, Europe, WisdomTree, said. “By introducing the new currency-hedged ETCs, we are enabling investors to access this opportunity while managing foreign exchange risk, which can be particularly relevant in today’s macro environment.”

The launch of the exchange-traded commodity (ETC) reflects growing investor demand for more tailored exposures, particularly in an environment where currency volatility can materially impact returns for non-dollar investors.