M&G EMERGING MARKETS BOND A - Fund overview
No Bestinvest rating
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Overview of
M&G EMERGING MARKETS BOND A
Bestinvest research covers the funds we currently highlight and the most popular funds chosen by our clients over the years. M&G EMERGING MARKETS BOND A does not fall into either of these categories at present.
Fund summary
| Sector |
Global Bonds
|
| Product type |
OEIC
|
| Launched |
October, 2002
|
| Size |
£20m
|
| Yield |
3.7%
|
| Charging basis |
INCOME
|
| Dividends paid |
28/2, 30/8.
|
| Bid price(inc) |
76.00p |
| Bid price(acc) |
140.67p |
Fund Charges
|
Standard Initial charge
|
3.00%
|
|
Initial charge via Bestinvest
|
0.00%
|
|
Additional bid/offer spread
|
0.00%
|
|
Annual management charge
|
1.25%
|
|
Total expense ratio
|
1.51%
|
|
Reduction in yield (10yr)
|
1.51%
|
Bestinvest says
No information available.
Portfolio
| Allocation |
Proportion |
|
|
Equity |
–
|
|
High yield bonds |
71%
|
|
Quality bonds |
27%
|
|
Property |
–
|
|
Commodities |
–
|
|
Hedge |
–
|
|
Fund cash |
2%
|
View all performance data for M&G EMERGING MARKETS BOND A
Investment process
The M&G Emerging Markets Bond Fund is diversified by country, from Latin America Europe to Asia, and by credit rating, from ‘BBB’ investment grade to ‘NR’ (not rated).
The Fund takes modest under and over weight geographical positions relative to its benchmark, the Merrill Lynch Emerging Markets Index, based on the manager’s perception of yields relative to economic fundamentals and political outlook.
The Fund only holds Eurobonds and Brady bonds issued by emerging market borrowers and denominated in G7 currencies. It will not hold loans or corporate issues, which can be higher risk and offer lower long term returns, nor emerging market currency debt, as this can be more at risk from default and high inflation.
There is a focus on proprietary research, looking extremely closely at the structure a country’s debts and underlying assets, rather than relying on broader, less precise debt measures.