Ashmore SICAV Emerging Markets Local Currency Bond Fund USD Retail (ELBCX)

Overview

This fund is focused on achieving its investment objective by primarily investing in debt instruments issued by both Sovereign and Quasi-Sovereign issuers from Emerging Market Countries. These instruments are denominated in the local currency of the issuer to leverage the currency dynamics of emerging markets. By defining Sovereigns as governments of Emerging Market Countries, and Quasi-Sovereigns as entities, agencies, or issuers guaranteed by an emerging market government or represented in recognized indices such as the J.P. Morgan Government Bond Index-Emerging Markets Global Diversified, the fund positions itself in a strategic niche of the investment landscape. It aims to capitalize on the growth and financial reforms in these regions, despite being classified as non-diversified due to its focused investment strategy.

Products and Services

• Debt Instruments of Sovereign Issuers

  Investment in debt instruments issued by governments of Emerging Market Countries. These sovereign debt securities are selected based on their potential to offer constructive returns, adjusting for the political and economic risks pertaining to the issuing country’s market.

• Debt Instruments of Quasi-Sovereign Issuers

  Focuses on bonds and other debt securities issued by quasi-sovereign entities. These are either directly guaranteed by an emerging market government or are significant constituents of indices such as the J.P. Morgan Government Bond Index-Emerging Markets Global Diversified. This approach allows for diversification within the segment, aiming to mitigate risks associated with individual issuers while targeting growth.