Goldman Sachs Emerging Markets Debt (Local Currency) - N Cap EUR (hedged iv)
Fund
ISIN LU0800560798 / Valor 18885672
NAV (2024-12-11)
EUR 41.17+0.07%
Goldman Sachs Emerging Markets Debt (Local Currency) - N Cap EUR (hedged iv)
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General Objective
The fund aims to invest in debt instruments issued and/or denominated in the currencies of low or middle-income developing countries in Latin America, Asia, Central Europe, Eastern Europe, and Africa. The fund also enters into emerging market currency forward contracts and may invest in Chinese onshore debt securities through Bond Connect. The objective is to outperform the benchmark JP Morgan ELMI Plus by actively managing the fund via currency allocation, curve positioning, and instrument selection.
Fund Exposure
The fund is exposed to debt instruments in emerging markets, with a focus on low or middle-income developing countries in specific regions. The portfolio is diversified across countries and instruments, and the composition can significantly deviate from the benchmark. The fund aims to provide a regular dividend to investors.
Risks
The fund is categorized as high risk due to the behavior of the product during the measuring period. Market risk associated with bonds used to reach the investment objective is considered high, with factors such as financial market development, economic conditions of issuers, and political situations impacting the fund. Credit risk and liquidity risk are also high, with currency fluctuation potentially impacting performance. Investments through Bond Connect carry specific risks, including trading restrictions and regulatory risk. Investors are advised to familiarize themselves with the risks outlined in the prospectus before investing.