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ASHMORE SICAV EM LOCAL CURRENCY BOND Z2 GBP UNHEDGED

ASHMORE SICAV EM LOCAL CURRENCY BOND Z2 GBP UNHEDGED - Overview

Overview of ASHMORE SICAV EM LOCAL CURRENCY BOND Z2 GBP UNHEDGED Buy in ISA Buy in Investment Account

The fund’s objective is to produce returns of 1.5% to 2.5% in excess of its benchmark (the JP Morgan GBI-EM Global Diversified index) over a 3 year period. It aims to achieve this by investing in bonds issued by Emerging Market countries denominated in local currencies. Returns are generated through a blend of both capital appreciation and income.

  • Standard Initial Charge
  • Initial charge via Bestinvest 0.00%

Fund summary

Sector Global Emerging Markets Bond
Structure OFFSHORE FUND
Launched April, 2018
Size £4,636m
Yield 0.0%
Charging basis
Dividends paid

Charges

Standard initial charge
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.75%
Ongoing charges figure 0.92%

Risks

Before investing make sure you have understood the risks relevant to the fund by reviewing our Risk Warnings section. Further information on the risks are contained in the fund's Key Information Investor Document, which we make available to you before you make a decision to invest, alternatively it is available on request.

Bestinvest view

Ashmore in addition to managing their clients capital sees itself as having a role in facilitating the development of Emerging Market countries, through its involvement and promotion of EMD markets, and its foundation that contributes sustainably to disadvantaged communities. This offering provides access to local currency EMD, benefiting from their wealth of experience dating back to 1992 (when their first EMD fund was launched), their global network of contacts, and impressive track record of outperformance. The fund although benchmark aware, is not constrained by it; and regularly looks for opportunities outside this universe to achieve excess returns. The managers’ investment philosophy centres on the premise that EMD can be an extremely inefficient market, often exhibiting price volatility far in excess of what is proportionate for a change in the underlying issuer’s creditworthiness.

Portfolio

Allocation Proportion(%)
Equity 0
High yield bonds 100
Quality bonds 0
Property 0
Commodities 0
Hedge 0
Fund cash 0
Allocation Proportion(%)
UK 0
Europe 0
North America 0
Japan 0
Pacific 0
Emerging Markets 0
Allocation Proportion(%)
Large Caps 0
Mid Caps 0
Small Caps 0
View all performance data for this fund

Investment process

Ashmore has team-based approach to fund management with the Investment Committee having ultimate responsibility for the portfolio. The committee is comprised of Mark Coombs (CEO), Ricardo Xavier (Head of Local Currency), Jan Dehn (Head of Research), Herbert Saller (Head of External Debt), Robin Forest (Head of Corporate Debt), and Fernando Assad (Head of Multi-Asset). Their investment process centres on the committee's weekly investment meeting. These start with a global macro overview, which enables a view of the world to be formed. Followed by country analysis looking at the effects of external macro factors to determine their specific country views. Finally base on their country and global view trade ideas are discussed, agreed and then implemented. The fund invests not only in the debt securities of EM governments but also their currencies.

Live feed

Bid price(inc) 9,598.00p
Accum units 10,657.00p
Fund commentary
Fund data updated on 08/11/19

Asset allocation

Allocation Proportion(%)
Equity 0
High yield bonds 100
Quality bonds 0
Property 0
Commodities 0
Hedge 0
Fund cash 0

Equity Geographic

Allocation Proportion(%)
UK 0
Europe 0
North America 0
Japan 0
Pacific 0
Emerging Markets 0

Equity Capitalisation

Allocation Propor
tion(%)
Large Caps 0
Mid Caps 0
Small Caps 0

Top 10 holdings

No information available.

Sector breakdown

Portfolio details

No information available.

Constraints

No information available.

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