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BGF Emer Mkts Loc Curr Bd D2 GBP Hedged

Ranked 6 out of 6 in - Emerging Markets Global Local Currency over 12 months
All calculations are in GBP unless stated

Managed by

Laurent Develay

Laurent Develay, director, is a portfolio manager on the Emerging Markets Debt team within BlackRock's Portfolio Management Group. He has responsibility for managing emerging market currencies and local debt investments. Prior to joining BlackRock in June 2012, Laurent was a portfolio manager in the Emerging Markets Debt team at Fischer Francis Trees & Watts (FFTW, a BNP Paribas Investment Partner) with an alpha focus on EM currencies and regional research coverage of Latin America. Prior to the merger between BNP Paribas and Fortis, he was head of the currency and commodity trading team at Fortis Investments for five years in Paris and London with a strong focus on emerging markets currencies. Previously, Laurent served as a currency trader at AXA Investment Managers where he started his career in 1999. He earned an MA in Finance in 1996 from the ESLSCA in Paris and a Certificate in Finance from UC Berkeley Extension in 1998.

Sergio Trigo Paz

Born in Bolivia, Sergio Trigo Paz of Blackrock is the head of emerging market debt, joining the company in 2012. Based in London, he has adopted a scenario-based and thematic style of investing. He attended the renowned Paris Sorbonne University where he gained a master’s degree in finance and a post graduate diploma in management. Following this he spent eight years with BNP Paribas IP specialising in emerging market bonds. Away from the office, Sergio is an adventurous person who particularly enjoys mountain climbing.

Michal Wozniak

Michal Wozniak is a portfolio manager in the Emerging Markets Debt team within BlackRock Fundamental Fixed Income. He has responsibility for managing multi-segment strategies, including sovereign debt, local debt and emerging market currencies investments. Prior to joining BlackRock in November 2013, Wozniak was working as a portfolio manager in Emerging Markets Debt teams at Lombard Odier Investment Managers and JPMorgan Asset Management, focusing on global local and hard currency fixed income strategies. Before that, he was responsible for Eastern European strategies in Fortis Investments in London. Wozniak started his professional career in 2000 as an equity analyst in ABN AMRO Asset Management and earned a Masters in Finance and Banking from the Warsaw School of Economics in 2001.

Objective

The Fund seeks to maximise total return. It invests at least 70% of its total assets in local currency-denominated fixed income transferable securities issued by governments and agencies of, and companies domiciled or exercising the predominant part of their economic activity in, emerging markets. The full spectrum of available securities, including non-investment grade, may be utilised. Currency exposure is flexibly managed.

Showing fund performance in Jersey View performance globally

Performance

Emerging Markets Global Local Currency over : 30/06/2017 - 30/06/2018
  • Rank 6/6 Total Return
  • Rank 5/6 Standard Deviation
  • Rank 6/6 Max Drawdown
Fund Name Currency Return
2 Barclays GA - Em Mkt Local Currency Debt I Inc GBP GBP

-5.2%

3 HSBC GIF Gbl Emerging Markets Local Debt AC HGBP GBP

-5.4%

4 Templeton Emerging Markets Bond I (Qdis) GBP-H1

Currency exposure is hedged

Currency exposure is hedged

GBP

-5.4%

5 BNY Mellon Em Mkts Debt Local Curr J GBP Hdg Inc

Currency exposure is hedged

Currency exposure is hedged

GBP

-8.0%

6 BGF Emer Mkts Loc Curr Bd D2 GBP Hedged

Currency exposure is hedged

Currency exposure is hedged

GBP

-8.6%

Fund Name Currency Risk
2 HSBC GIF Gbl Emerging Markets Local Debt AC HGBP GBP

7.2

3 Templeton Emerging Markets Bond I (Qdis) GBP-H1

Currency exposure is hedged

Currency exposure is hedged

GBP

7.3

4 Barclays GA - Em Mkt Local Currency Debt I Inc GBP GBP

10.4

5 BGF Emer Mkts Loc Curr Bd D2 GBP Hedged

Currency exposure is hedged

Currency exposure is hedged

GBP

10.9

6 BNY Mellon Em Mkts Debt Local Curr J GBP Hdg Inc

Currency exposure is hedged

Currency exposure is hedged

GBP

11.4

Fund Name Currency Loss
2 HSBC GIF Gbl Emerging Markets Local Debt AC HGBP GBP

-8.7%

3 Templeton Emerging Markets Bond I (Qdis) GBP-H1

Currency exposure is hedged

Currency exposure is hedged

GBP

-9.3%

4 Barclays GA - Em Mkt Local Currency Debt I Inc GBP GBP

-11.1%

5 BNY Mellon Em Mkts Debt Local Curr J GBP Hdg Inc

Currency exposure is hedged

Currency exposure is hedged

GBP

-14.4%

6 BGF Emer Mkts Loc Curr Bd D2 GBP Hedged

Currency exposure is hedged

Currency exposure is hedged

GBP

-14.9%

Total Return

Quarterly Performance

to 30/06/2018 Annual Q1 Q2 Q3 Q4
2018 3.3% -14.0%
2017 13.0% 6.0% 3.7% 2.5% 0.4%
2016 12.9% 12.0% 3.1% 2.4% -4.5%
2015 -13.9% -3.6% -0.4% -11.0% 0.6%
2014 -6.5% 0.1% 3.6% -4.1% -6.0%
2013 -5.9% 2.9% -7.1% -0.4% -1.2%
2012 0.0% 1.2%

Month by Month Performance

Returns Vs Risk

Registered For Sale In

  1. Austria
  2. Belgium
  3. Brunei Darussalam
  4. Chile
  5. Denmark
  6. Finland
  7. France
  8. Germany
  9. Gibraltar
  10. Greece
  11. Hong Kong
  12. Iceland
  13. Ireland
  14. Jersey
  15. Luxembourg
  16. Macau
  17. Malta
  18. Netherlands
  19. Norway
  20. Poland
  21. Portugal
  22. Singapore
  23. Spain
  24. Sweden
  25. Switzerland
  26. United Kingdom

Fund Info

  • Launch date04/10/2012
  • Share Class size11Mn
  • Base currencyUSD
  • ISIN LU0827885491
  • Currency exposure is hedged

Purchase Info

  • Min. initial investment100,000
  • Min. regular additional investment0

Charges

  • Annual management0.40%
  • Initial investment0.4

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Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in the currency and currencies indicated).