Emerging Local Currency Debt Fund
This fund is closed to new business
The Emerging Local Currency Debt Fund (Pictet) is a unit linked fund that gives you the opportunity to participate in the performance of a portfolio of local-currency bonds issued in emerging markets.
- Invests in a fund which invests in local currency bonds.
- Some assets are outside the eurozone.
- A minimum of two thirds of the funds bonds are linked to emerging country debt.
- This fund is managed by Pictet.
- Risk rating: 5
Who should invest in the fund?
How it works
This fund invests in the Pictet Emerging Local Currency Debt Fund. Local currency bonds mean that the bonds are issued in the currency of the issuing country.
The fund's objective is to seek revenue and capital growth by investing a minimum of two-thirds of its total assets or wealth in a diversified portfolio of bonds and other debt securities linked to emerging country debt.
As this fund invests some of its assets outside the eurozone, a currency risk arises for a euro investor.
Examples of currencies invested in could include, Russian Rouble, Malaysian Ringgit or Brazilian Real.
The fund is managed by Pictet.
Annualised Performance (%)*
*Notes: Annual management charges (AMC) apply. The fund performance shown is before the full AMC is applied on your policy.
Returns are based on offer/offer performance and do not represent the return achieved by individual policies linked to the fund.
The fund price/performance shown is for the Pension / Gross of Tax Funds category.
*Source: Zurich Life
**Note: Asset Splits are updated monthly.