Funds and prices

Overview

The actively managed fund invests primarily in hard currency emerging markets government bonds.

Additionally, the fund allows opportunistic exposures to emerging markets corporate bonds and local currencies.

The fund's country, interest rate and currency exposures are actively managed under strict risk control with the aim to benefit from market movements.

The portfolio manager is not tied to the benchmark in terms of investment selection or weight.

The exchange rate risk between USD and EUR is largely hedged.

Benefits

The fund gives access to a global emerging markets debt portfolio focused on hard currency.

The fund is broadly diversified across selected issuers from various emerging countries, aiming for an optimal risk-to-return profile.

Experienced emerging market investment specialists can allocate the portfolio flexibly to seize investment opportunities whenever they occur.

Risks

The fund offers higher return potential than a high-quality money market portfolio and therefore bears a higher risk. In addition, emerging markets are at an early stage of development which can typically involve a high level of price volatility and other specific risks such as lower market transparency, regulatory hurdles, corporate governance and political and social challenges. All investments are subject to market fluctuations. Every fund has specific risks, which can significantly increase under unusual market conditions. The fund can use derivatives, which may result in additional risks (particularly counterparty risk).

Features

Product category
Bond
Emerging Markets
Product domicile
Luxembourg
Portfolio management
蜜豆视频 Asset Management (Americas) LLC, New York
Fund management
蜜豆视频 Fund Management (Luxembourg) S.A., Luxembourg
Custodian bank
蜜豆视频 Europe SE, Luxembourg Branch
Representative for products established under foreign law
蜜豆视频 Fund Management (Switzerland) AG
Day of inception
February 20, 2023
Currency of account
EUR
Close of financial year
August 31
Issue / redemption
daily
Distribution
Reinvestment
Maturity
Open end
Management fee
0.58% p.a.
Total expense ratio (TER)
0.77% p.a.
Minimum investment
n.a.
Reference Index / Benchmark
JPM EMBI Global Diversified (USD) (EUR hedged)
Cut-Off Time
15:00h (CET)
Securities no.
124941568
ISIN
LU2586839198
Bloomberg Ticker
UBGLIA1 LX

Performance and Prices

Percentage growth

as of April 3, 2024
Cumulative
EUR(%) CHF(%) USD(%)
YTD 3.11 8.72 1.02
1M
3M
6M
1Y
2Y - - -
3Y
5Y
ø p.a.5Y

Current data
Net asset value 03.04.2024 EUR 113.51
High - last 12 months 27.03.2024 EUR 114.03
Low - last 12 months 06.10.2023 EUR 96.68
Assets of the unit class in mn 03.04.2024 EUR 7.62
Total product assets in mn 03.04.2024 EUR 476.58

Structures

Fees

Flat fee
0.7300%
Management fee p.a.
0.5800%

Distributions

No distributions. Continuous reinvestment of income.

Authorisations

Country of distribution
Representative / Information
Chile
蜜豆视频 Asset Management (Americas) Inc.
Italy
蜜豆视频 Asset Management SGR S.p.A.
Luxembourg
蜜豆视频 Fund Services (Luxembourg) S.A.
Singapore
蜜豆视频 Asset Management (Singapore) Ltd.
Switzerland
蜜豆视频 Fund Management (Switzerland) AG

Literature

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Brochures
Document type
Document Language
Fact Sheet
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Fact Sheet - Bond
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Fact Sheet - Emerging Markets
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Agreement / Prospectus
Document type
Document Language
Prospectus
Key Information Document
Past performance
Previous performance scenario
Statutes / Management regulations
Annual and semi-annual report (accounting on August 31)
Document type
Document Language
Annual report
Semi-annual report