Carmignac launches a flexible European equity fund led by Frédéric Jeanmaire
15 SEPT, 2026
By Joanna Piwko from RankiaPro Europe
Carmignac has launched Carmignac Portfolio Invest Europe, a European equity fund with a flexible approach that expands its investment universe to emerging Europe.
The vehicle is managed by Frédéric Jeanmaire, who joined Carmignac earlier this year after leading a five-star Morningstar-rated pan-European strategy for 12 years and a net return of 217.8% since 2014. The launch was announced today, September 15, 2026.
A flexible approach focused on quality growth
Since the leadership of the European equity market can rotate among sectors throughout the cycle, the fund adopts a flexible sector allocation to take advantage of trends and opportunities without losing focus on quality growth companies.
The portfolio is built by expanding the range of opportunities in the segment, with companies with strong competitive positions, transformation potential, and the ability to generate long-term value.
Given that changes in industrial policy, supply chains, digitization, artificial intelligence, and geopolitics are creating new winners and losers among European companies, I believe there are strong arguments for redefining quality growth through a more forward-looking, pragmatic, and sector-unbiased equity investment approach. Our new fund is designed to take advantage of opportunities in different market environments, focusing on structural growth in all sectors and countries, including emerging Europe. This breadth of the investment universe, coupled with the ability to adapt as conditions evolve, is where I believe active and high conviction management can make a tangible difference for our clients.
Frédéric Jeanmaire, European equity manager, Carmignac
Jeanmaire, a manager with a consolidated track record
Frédéric Jeanmaire joined Carmignac at the beginning of 2026 after a broad career in active value selection focused on European companies with high profit growth potential.
Before his arrival, he managed several European equity funds, among them a pan-European fund that consistently maintained a five-star Morningstar rating during the 12 years he was in charge.
Since he took over the management of this strategy in September 2014, he achieved a net return of 217.8%, outperforming the MSCI Europe Index by 73.5% and the average of his category by 109.0%.
Jeanmaire looks for companies with enduring business models, strong positions in their value chains, and potential to create long-term value through growth and high returns on capital.
A strategic piece in Carmignac's European range
Carmignac Portfolio Invest Europe is classified as a fund under Article 8 of the SFDR, reflecting the integration of environmental and social characteristics in its investment approach.
For the manager, the launch strengthens its European equity range and offers investors a way to diversify their exposure against a US market heavily concentrated in companies linked to artificial intelligence.
European equity remains one of our main convictions, rooted in our tradition, but above all, driven by the still untapped potential we continue to identify throughout the region. I am convinced that Frédéric, thanks to his pragmatic investment approach and his outstanding track record, is in an exceptional position to complement our European equity range and help our clients take advantage of the full range of opportunities this asset class offers. It is worth noting that the new fund will offer investors an active management alternative that will allow them to diversify their exposure against the US market, currently heavily concentrated in AI-linked companies, thus helping to build more balanced portfolios and reduce concentration risk.
Maxime Carmignac, CEO of Carmignac UK and Head of Strategic Product Development, Carmignac
