| NASDAQ Exchange | United States Country |
The fund is designed for investors looking to capitalize on the growth potential of emerging markets through fixed income investments. By allocating at least 80% of its assets towards fixed income securities and instruments with similar economic characteristics from issuers in these markets, the fund targets those considered by the adviser to have high total return potential. The investment strategy diversifies both geographically and by currency, including investments denominated in U.S. Dollars, developed country currencies, and the local currencies of the emerging markets themselves. This approach aims to leverage the economic dynamics of emerging markets while managing the risks associated with currency fluctuations and the inherent volatility of these regions.
The core of the fund's portfolio, these are debt instruments issued by entities in emerging markets. By investing in a mix of government bonds, corporate bonds, and other fixed income securities, the fund seeks to generate income and capital appreciation. This diversified investment in fixed income instruments is aimed at capturing the growth potential of emerging markets while attempting to mitigate risk.
The fund invests in securities denominated in both the U.S. Dollar and the currencies of other developed nations, alongside investments in the local currencies of the emerging markets themselves. This strategy intends to benefit from favorable currency movements and provides a hedge against the U.S. dollar's volatility. Currency diversification is a crucial aspect of the fund's approach to managing the complexities of international investment, aiming to enhance returns while controlling for currency risk.