Emerging Local Currency Debt Fund (Pictet)

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.

Main features

  • 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?

  • Investors who are comfortable with a medium level of risk.
  • Appeals to investors who have a medium to long term investment horizon.

Find out if this fund is available for your product choice (PDF - 278 KB)

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.

Asset Split**

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.

Why Pictet?

Founded in 1805, Pictet is Switzerland's largest private bank with assets under management totalling €119 billion*. Pictet's sole business is asset management and related services. With 20 offices worldwide, Pictet is considered one of the leading specialist investment houses in Europe, managing assets for a wide variety of institutional and private clients.

*Source: Pictet, September 2014.

Pictet Asset Management Ltd is authorised and regulated by the Financial Conduct Authority.

Warning: Past performance is not a reliable guide to future performance.
Warning: Benefits may be affected by changes in currency exchange rates.
Warning: The value of your investment may go down as well as up.
Warning: If you invest in these funds you may lose some or all of the money you invest.

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