Anlageziel

The Sub-fund’s investment objective is long term total return. The Sub-fund aims to outperform the JP Morgan EMBI Global Diversified Index (USD) benchmark before charges. It seeks to achieve this objective by investing primary in US Dollar denominated debt and debt-related securities which are issued by governments, supranational institutions or government-related bodies located in Emerging Market countries. An "Emerging Market" is one which is typically outside the OECD but is progressing to becoming advanced as shown by some liquidity in local debt and equity markets and the existence of some form of market exchange and regulatory body. Such markets are likely to exhibit higher levels of risk (for example political instability, weak regulation and low liquidity) than developed markets.