Important information
- The Fund invests primarily in debt securities issued by governments, government-related institutions and companies that are based, or do most of their business in emerging markets.
- Investments in fixed income securities are subject to interest rate, volatility, credit, sovereign and downgrade risks etc. Investments in below investment grade, unrated and/or high yielding debt instruments are subject to lower liquidity, higher volatility and greater risk of loss of principal and interest than high-rated debt securities.
- The Fund invests in certain emerging markets and may be subject to liquidity, volatility, political, tax, economic and foreign exchange risks.
- The Fund may invest in financial derivative instruments. Investors should note exposure to derivatives may involve additional risks (e.g. counterparty, liquidity, volatility, leverage and over-the-counter transaction risks).
- The Fund may invest in investments denominated in currencies other than the Fund's base currency and subject to currency and exchange risk. The Fund may use derivatives to hedge currency risk. The use of derivatives may not be effective in offsetting the change in value of the currency.
- Certain share classes of the Fund may make distribution out of capital. Payment of dividends out of capital and/or effectively out of capital amounts to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original investment. Any such distributions may result in an immediate reduction of the NAV of the share class on the ex-dividend date.
- Investors should not rely solely on this material and should read the offering documents of the Fund for further details including the risk factors.
Overview
Fund description
The fund aims to provide combined income and capital growth that is higher than that of the global emerging markets bond market (as measured by a composite index comprising 1/3 JPM EMBI Global Diversified Index, 1/3 JPM CEMBI Broad Diversified Index and 1/3 JPM GBI-EM Global Diversified Index), over any three-year period, while applying environmental, social and governance (ESG) criteria. At least 80% of the fund is invested in bonds issued by governments and companies in emerging markets. It can also invest in emerging market currencies. Investments are selected based on an assessment of global, regional, and country-specific macroeconomic factors, followed by in-depth analysis of individual bond issuers. The fund invests in securities that meet the ESG criteria, applying an exclusionary approach as described in the prospectus.
Key Facts
Key Documents
Historic Prices
Fund Facts
Performance
Performance information for this fund can be found in the fund factsheet.
Sustainability-Related Disclosures
Under European regulation, the Fund is considered to promote environmental and social characteristics, but it does not incorporate ESG factors as part of its key investment focus and it is not authorised by the SFC as an ESG fund. European regulation requires that investors are provided with a ‘Sustainability-Related Disclosures’ document, which provides information on the methodologies used to assess, measure, and monitor the environmental or social characteristics promoted by the fund, including its data sources, screening criteria for the underlying assets and the relevant sustainability indicators used to measure the environmental or social characteristics. This document includes important additional information cross-referred to by the Fund’s prospectus, including, for example, information on the exclusions applied by the Fund. Please note that the document does not provide an indication of current or future performance of the Fund. It is provided solely for transparency and informational purposes. Further information on how the Management Company of the Fund considers principal adverse impacts of its investment decisions can be found in the ‘PAI Statement’ document. Decisions to invest in this Fund should not be based solely on the information of these documents and investors should read the documents in conjunction with the Fund’s prospectus.