Fidelity Funds - Emerging Market Local Currency Debt Fund A-Acc-EUR
Fund
ISIN LU2219351280 / Valor null
NAV (2025-02-07)
EUR 10.74+0.19%
Fidelity Funds - Emerging Market Local Currency Debt Fund A-Acc-EUR
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General Objective
The fund aims to provide income and capital growth by investing at least 70% in investment grade and sub investment grade global emerging markets bonds and cash denominated in local currency, with a focus on sustainable characteristics.
Fund Exposure
The fund may invest up to 25% in corporate bonds of emerging market issuers in regions such as Latin America, South East Asia, Africa, Eastern Europe (including Russia) and the Middle East. It has the flexibility to invest outside its principal geographies, market sectors, industries, or asset classes, and may also invest in onshore China fixed income securities on an aggregated basis.
Risks
The fund may invest more than 10% in bonds with a credit rating below investment grade and has the potential for exposure to currencies other than the fund's reference currency, which may be hedged. Additionally, the fund is actively managed, giving the Investment Manager discretion to deviate from the J.P. Morgan GBI-EM Global Diversified Index in pursuit of investment opportunities.