Carmignac EM fund gains sole FundCalibre Elite Rating in autumn review

Two Elite Radar badges awarded

Carmignac's emerging markets fund was the only fund to be granted an ‘Elite Rating’ by FundCalibre following its autumn investment committee meeting, with two other funds gaining an ‘Elite Radar’ badge.

The FP Carmignac Emerging Markets fund targets growth from large and medium-sized companies within emerging economies, focusing on sustainable sectors with long-term growth prospects. Darius McDermott, managing director at FundCalibre, said the £25.4m fund had "provided excellent performance since its inception". Evenlode Global Equity among seven funds to gain Elite Ratings from FundCalibre According to data from FE fundinfo, the fund has outperformed the IA Emerging Markets sector over the last year, returning 8.5% versus 3.6%. Meanwhile, the CCLA Better World Global Equity an...