CPR Invest Defensive

A LONG-STANDING WEALTH MANAGEMENT APPROACH


  • Active management of asset allocation.
  • Highly responsive exposure to the various asset classes.
  • An approach based on strict risk-monitoring rules.
  • More than 18 years of expertise.
For fund details

In brief

CPR Invest Defensive is a subfund of the CPR Invest SICAV (Société d’Investissement à Capital Variable) governed by Luxembourg law and a feeder fund of CPR Croissance Défensive, an FCP (Fonds Commun de Placement) governed by French law and an international diversified fund invested in both fixed-income products (bonds, money-market) and in equities.

CPR Invest Defensive aims to tap into long-term gains on the international markets in a controlled risk framework.

CPR Invest Defensive offers no guarantee of principal or performance. Its recommended investment horizon is at least two years.



RESPONSIVE INVESTMENT MANAGEMENT TO TAP INTO THE BEST OPPORTUNITIES

CPR Invest Defensive is  based on a simple approach:

  • Identifying the most attractive asset classes based on the managers’ economic expectations.
  • Setting the optimum exposure to each identified asset classes, in order to tap into market gains but also to limit losses during market downturns.

The philosophy is based on risk control as well as asset allocation as a source of added value. For this purpose, the managers are backed by a quantitative model developed by CPR Asset Management since 1996.

CPR AM: ONE-OF-A-KIND KNOW-HOW, EXPERIENCED SPECIALISTS

37 MANAGERs/ANALYSTS
7 RESEARCH ENGINEERS
3 STRATEGISTS / ECONOMISTS



INVESTMENT UNIVERSE: A GLOBAL PLAYGROUND

CPR Invest-Defensive has the option of gaining exposure to all asset classes and all geographical regions. Its investment universe is composed of more than 40 asset classes that represent the main international equity and fixed-income markets (Europe, United States, emerging markets).

CPR Invest-Defensive aims to meet the needs of investors seeking positive returns over the recommended investment horizon with a risk profile comparable to its benchmark (80% JPM World hedged and 20% MSCI World in euros).



FLEXIBLE MANAGEMENT TO ADJUST TO SHIFTS IN THE MARKET ENVIRONMENT

The last decade has been marked by several market crises. Since mid-2007, we have experienced sharp volatility that has resulted in shifts of an extreme extent and speed. In such an environment, you have to be quick on your feet to exploit these fluctuations. 

CPR Invest Defensive has the flexibility needed to do so:

  • Its exposure to risky assets(1) can range from 0 to 40% of its total assets;
  • Its equity exposure can range from 0 to 30% of its total assets.

During market slumps the allocation may shift heavily from the riskiest assets to defensive securities like corporate or government bonds, for example.

(1) Risky assets are defined as the sum of exposures to equities and other “volatile” assets in the portfolio (volatile assets including all portfolio assets with the exception of equities, whose 52-week historical volatility is above 12%).



43

Number of asset classes used

18 years

An investment management process that has proven itself over the long term

2.2 bn

euros under management*



* CPR AM data at end-january 2016. Cumulative data for the master fund/subfund



Keep an eye on

  • Risk of loss of capital.
  • No guaranteed performance.
  • Recommended investment horizon: at least two years
  • The selection of investments is not necessarily made up of the best-performing assets available, due to the managers’ expectations.
  • The master fund/subfund are exposed mainly to counterparty risks in the event of issuer default.

Risk indicator

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Typically lower reward Typically higher reward

Fund performances