020 7189 9999

Monday to Friday 7.45am - 6.00pm
Saturday 9.30am - 1.30pm

Bestinvest
Fund search

PICTET ASIAN LOCAL CURRENCY DEBT P DY GBP - Fund overview

No Bestinvest rating
Find rated global bonds funds


Overview of PICTET ASIAN LOCAL CURRENCY DEBT P DY GBP

Pictet are one of the most respected fund managers within the emerging market debt peer group. This fund seeks to outperform the HSBC Asian LocalBond Index by 1-3% p.a. gross of fees targeting USD total returns. The reference index is composed of principally of local currency sovereign debt from the asian region, approximately 13% of the index is non sovereign, the average weighted credit quality is A, duration 5yrs.

Standard Initial Charge

5.00% 0.00%

Fund summary

Sector  Global Bonds
Product type  OFFSHORE FUND
Launched  June, 2008
Size  £1,211m
Yield 2.8%
Charging basis  –
Dividends paid  December
Bid price 8,238.00p

Fund Charges

Standard Initial charge 5.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.20%
Total expense ratio 1.64%
Reduction in yield (10yr) 1.64%

Bestinvest says


No information available.

Portfolio

pictet asian local currency debt p dy gbp asset allocation illustration
Allocation Proportion
Equity 100%
High yield bonds –
Quality bonds –
Property –
Commodities –
Hedge –
Fund cash –
pictet asian local currency debt p dy gbp equity geographic illustration
Allocation Proportion
UK –
Europe –
Nth America –
Japan –
Pacific 100%
Other Equity –
pictet asian local currency debt p dy gbp equity capitalisation illustration
Allocation Proportion
Large Caps 80%
Mid Caps 15%
Small Caps 5%

View all performance data for PICTET ASIAN LOCAL CURRENCY DEBT P DY GBP

Investment process


The fund is structured within a 6% tracking error relative to the reference index. Interest rate and currency risk are managed independently. Generally single country duration positions will be within 0.25 yrs of the benchmark, high conviction positions 0.5 yrs.
Currency positions are typically +/- 2.5%, high conviction ideas +/- 5%.
Pictet perceive themselves to generally be more conservative investors and generally prefer to invest in more liquid corporate bonds form higher rated sovereign. Historically the maximum allocation to corporate bonds has been 17%. Expected sources of alpha are 40% currency, 30% rates, 30% off benchmark positions.

The value of your investments and the income from them can go down as well as up, and you can get back less than you originally invested. Past performance or any yields quoted should not be considered reliable indicators of future returns. Before investing in funds please check the specific risk factors on the key features document or refer to our risk warning notice as some funds can be high risk or complex; they may also have risks relating to the geographical area, industry sector and/or underlying assets in which they invest. Prevailing tax rates and relief are dependent on your individual circumstances and are subject to change.

Bestinvest (Brokers) Ltd & Bestinvest (Consultants) Ltd are authorised and regulated by the Financial Services Authority. This site is for UK Investors only

Version: 4.1.2