This video is an extract of the interview first published by CNN Money Switzerland on 24st September 2019. The video may not be reproduced, in whole or in part, without prior authorisation from Carmignac. It does not constitute a subscription offer, nor does it constitute investment advice. The information contained in the video may be partial information and may be modified without prior notice. It was not prepared in accordance with applicable regulatory provisions regarding the independence of financial analysts. Carmignac is not subject to the prohibition of entering into transactions in connection with any relevant instruments that may be mentioned in the video. The video may contain information on certain instruments in which Carmignac may have invested at the date it was first published, and it is does not aim to promote a direct investment in any of the instruments mentioned therein. The portfolios of Carmignac funds may change without previous notice. Past performance is not a reliable indicator of future results.