Carmignac Profil Réactif 50 is a diversified fund of funds which seeks to maximise portfolio returns using an active asset allocation policy. The distribution of the portfolio between the different asset classes and UCITS categories (equity, diversified, bond, money, market, etc.) varies according to the view taken by the fund manager. Carmignac Profil Réactif 100 may invest 0 to 75% of its assets in equity UCITS.