First State Emerging Markets Bond A Hedged Acc GBP

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Quick Stats

Bid Price - Offer Price -
Mid Price GBX 137.91 Day Change GBX -0.19 (-0.14%)
Price Date 11 Oct 2019 Crown Rating 1
Shares Class Inc. Yield 5.11 %
Total Expense Ratio 1.58 Fund Size 45,723,300.00
Launch Date 25/10/2011 Standard Initial Charge (%) 4.00
Currency GBX ISA Eligible Yes
Annual Management Charge (%) 1.25 Sector IMA UK Equity Income
Min Investment (£) 1,000.00 Total Expense Ratio (%) 1.58
ISIN GB00B40L7J87 Min TopUp (£) 500.00
Ongoing Charge (%) 1.4200 Ongoing Charge Date 30/06/2019

Fund Objective

The Fund aims to provide income and grow your investment. The Fund invests in fixed income securities (investments which provide a certain level of income or interest) issued primarily by governments and companies in Emerging Markets. Emerging markets are countries considered to have social or business activity in the process of rapid growth. The majority of investments in the Fund will be in US Dollars. The Fund aims to reduce the effect of currency changes by hedging the US Dollar investments. More than 30 per cent of the Fund may be invested in assets with low credit ratings. The Fund may use derivatives to reduce risk or to manage the Fund more efficiently.

Fund Managers

Helene Williamson

Helene Williamson is the Head of EM Investments. In her role, Helene has overall responsibility for the management of all Emerging Markets Debt portfolios. Prior to joining the business in September 2011, Helene worked at F&C Asset Management where she was the Head of Emerging Markets Debt for 16 years. In this position, Helene managed F&C’s Emerging Markets Debt SICAV (which received a 5-star rating from Morningstar) from 1997 to August 2011 and built the emerging markets debt team’s successful investment process. Under her leadership, the team’s assets under management increased substantially. Before that Helene worked for Bankers Trust Company in New York in emerging markets lending, restructuring and portfolio management. Her last assignment at Bankers Trust was in the role of Senior Trader in emerging markets, based in London. Helene holds a Licence en Lettres from the University of Lausanne, an MA in International Relations from the University of Pennsylvania and an MBA in Finance from the Wharton Graduate School. Helene is fluent in French, German and Spanish.

Joanna Woods

Fund Performance

Cumulative Performance

Discrete Performance

Top 10 Holdings

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Asset Breakdown

Name Weight
African Fixed Interest 8.10%
American Emerging Fixed Intere 32.50%
Asia Pacific Fixed Interest 16.80%
Global Fixed Interest 23.30%
Middle East & African Fixed In 13.70%
Money Market 1.00%
North American Fixed Interest 4.60%

Region Breakdown

Name Weight
Africa 8.10%
Asia 16.80%
International 1.30%
Latin America 32.50%
Middle East 13.70%
Money Market 1.00%
North America 4.60%
Not Specified 22.00%

Sector Breakdown

Name Weight
Government Guaranteed 99.00%
Money Market 1.00%