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BGF Emer Mkts Loc Curr Bd A2 EUR Hgd

Ranked 3 out of 3 in - Emerging Markets Global Local Currency over 12 months
All calculations are in EUR unless stated

Managed by

Laurent Develay

Laurent Develay, director, is a portfolio manager on the Emerging Markets Debt team within BlackRock's Portfolio Management Group. He has responsibility for managing emerging market currencies and local debt investments. Prior to joining BlackRock in June 2012, Laurent was a portfolio manager in the Emerging Markets Debt team at Fischer Francis Trees & Watts (FFTW, a BNP Paribas Investment Partner) with an alpha focus on EM currencies and regional research coverage of Latin America. Prior to the merger between BNP Paribas and Fortis, he was head of the currency and commodity trading team at Fortis Investments for five years in Paris and London with a strong focus on emerging markets currencies. Previously, Laurent served as a currency trader at AXA Investment Managers where he started his career in 1999. He earned an MA in Finance in 1996 from the ESLSCA in Paris and a Certificate in Finance from UC Berkeley Extension in 1998.

Sergio Trigo Paz

Born in Bolivia, Sergio Trigo Paz of Blackrock is the head of emerging market debt, joining the company in 2012. Based in London, he has adopted a scenario-based and thematic style of investing. He attended the renowned Paris Sorbonne University where he gained a master’s degree in finance and a post graduate diploma in management. Following this he spent eight years with BNP Paribas IP specialising in emerging market bonds. Away from the office, Sergio is an adventurous person who particularly enjoys mountain climbing.

Michal Wozniak

Michal Wozniak is a portfolio manager in the Emerging Markets Debt team within BlackRock Fundamental Fixed Income. He has responsibility for managing multi-segment strategies, including sovereign debt, local debt and emerging market currencies investments. Prior to joining BlackRock in November 2013, Wozniak was working as a portfolio manager in Emerging Markets Debt teams at Lombard Odier Investment Managers and JPMorgan Asset Management, focusing on global local and hard currency fixed income strategies. Before that, he was responsible for Eastern European strategies in Fortis Investments in London. Wozniak started his professional career in 2000 as an equity analyst in ABN AMRO Asset Management and earned a Masters in Finance and Banking from the Warsaw School of Economics in 2001.

Objective

The Fund seeks to maximise total return. It invests at least 70% of its total assets in local currency-denominated fixed income transferable securities issued by governments and agencies of, and companies domiciled or exercising the predominant part of their economic activity in, emerging markets. The full spectrum of available securities, including non-investment grade, may be utilised. Currency exposure is flexibly managed.

Showing fund performance in Malta View performance globally

Performance

Emerging Markets Global Local Currency over : 30/06/2017 - 30/06/2018
  • Rank 3/3 Total Return
  • Rank 3/3 Standard Deviation
  • Rank 3/3 Max Drawdown
Fund Name Currency Return
1 Templeton Emerging Markets Bond A (Ydis) EUR-H1

Currency exposure is hedged

Currency exposure is hedged

EUR

-7.4%

2 Pictet-Emerging Local Currency Debt-HR EUR

Currency exposure is hedged

Currency exposure is hedged

EUR

-7.7%

3 BGF Emer Mkts Loc Curr Bd A2 EUR Hgd

Currency exposure is hedged

Currency exposure is hedged

EUR

-10.0%

Fund Name Currency Risk
1 Templeton Emerging Markets Bond A (Ydis) EUR-H1

Currency exposure is hedged

Currency exposure is hedged

EUR

7.3

2 Pictet-Emerging Local Currency Debt-HR EUR

Currency exposure is hedged

Currency exposure is hedged

EUR

9.5

3 BGF Emer Mkts Loc Curr Bd A2 EUR Hgd

Currency exposure is hedged

Currency exposure is hedged

EUR

10.9

Fund Name Currency Loss
1 Templeton Emerging Markets Bond A (Ydis) EUR-H1

Currency exposure is hedged

Currency exposure is hedged

EUR

-9.8%

2 Pictet-Emerging Local Currency Debt-HR EUR

Currency exposure is hedged

Currency exposure is hedged

EUR

-12.8%

3 BGF Emer Mkts Loc Curr Bd A2 EUR Hgd

Currency exposure is hedged

Currency exposure is hedged

EUR

-15.4%

Total Return

Quarterly Performance

to 30/06/2018 Annual Q1 Q2 Q3 Q4
2018 3.1% -14.4%
2017 11.4% 5.7% 3.3% 2.0% 0.0%
2016 11.2% 11.7% 2.8% 2.0% -5.0%
2015 -15.1% -4.0% -0.6% -11.1% 0.1%
2014 -7.3% -0.1% 3.4% -4.3% -6.2%
2013 -7.0% 2.5% -7.2% -0.8% -1.5%
2012 6.5% 6.4% -3.1% 2.4% 0.9%
2011 -8.9% 2.2% 1.3% -9.7% -2.5%
2010 3.6% 1.3% -5.0% 8.0% -0.3%
2009 8.6% -4.4% 9.5% 3.5% 0.2%
2008 -5.6% -7.9%

Month by Month Performance

Returns Vs Risk

Registered For Sale In

  1. Austria
  2. Bahrain
  3. Belgium
  4. Brunei Darussalam
  5. Chile
  6. Denmark
  7. Finland
  8. France
  9. Germany
  10. Gibraltar
  11. Greece
  12. Hong Kong
  13. Hungary
  14. Iceland
  15. Ireland
  16. Jersey
  17. Luxembourg
  18. Macau
  19. Malta
  20. Mauritius
  21. Netherlands
  22. Norway
  23. Peru
  24. Poland
  25. Portugal
  26. Singapore
  27. Spain
  28. Sweden
  29. Switzerland
  30. United Kingdom

Fund Info

  • Launch date11/06/2008
  • Share Class size55Mn
  • Base currencyUSD
  • ISIN LU0359002093
  • Currency exposure is hedged

Purchase Info

  • Min. initial investment5,000
  • Min. regular additional investment0

Charges

  • Annual management0.75%
  • Initial investment5

Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in the currency and currencies indicated).