Baillie Gifford Emerging Markets Bond A Inc

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Quick Stats

Bid Price - Offer Price -
Mid Price GBX 94.84 Day Change GBX -1.69 (-1.75%)
Price Date 11 Oct 2019 Crown Rating 3
Shares Class Inc. Yield 6.48 %
Total Expense Ratio 0.00 Fund Size 694,866,000.00
Launch Date 25/06/2008 Standard Initial Charge (%) 0.00
Currency GBX ISA Eligible No
Annual Management Charge (%) 1.10 Sector IMA UK Equity Income
Min Investment (£) 1,000.00 Total Expense Ratio (%) 0.00
ISIN GB00B39RMP13 Min TopUp (£) 100.00
Ongoing Charge (%) 1.2500 Ongoing Charge Date 31/03/2019

Fund Objective

The target is to return in excess of the J.P. Morgan GBI-EM Global Diversified Index unhedged in sterling by 0.6%. There is no guarantee that a positive return will be achieved over any time period and capital may be at risk. The Fund will invest primarily in bonds issued by one or more of the following: sovereign, supranational, public sector and corporate issuers. Normally at least 75% of the Fund’s assets will be held in bonds issued by emerging market borrowers or bonds denominated in emerging market currencies, but the Fund may also invest in bonds denominated in any currency and issued by one or more of the following: sovereign, supranational, public sector and corporate issuers in developed markets. Currency forwards and derivatives may be used from time to time in keeping with the Fund’s objective, with the intention of altering the Fund’s currency or market exposure and either enhancing or protecting the return on the Fund.The inclusion of any particular market or geographic area, being an emerging market or area, is solely at the ACD’s discretion.The Fund will also have the ability to invest up to (but no more than) 10% in value of the Fund in each of the following: collective investment schemes and deposits.

Fund Managers

Philip Annen

Phil graduated MSc in Physics from the University of Bern in 1997 and with an MSc in Financial Maths from the University of Edinburgh in 1998. He joined Baillie Gifford in 1999 and worked in the Risk Department before becoming a Fixed Income Investment Manager in 2002. He is a member of the Rates and Currencies Team and has been managing the Global Bond Fund since 2003.

Sally Greig

Sally graduated MA in Economics and Statistics from the University of Edinburgh in 1998 and also gained an MSc in Finance and Econometrics from the University of York in 2003. Prior to joining Baillie Gifford, she worked at the Bank of England from 2001 as an economist in the Foreign Exchange Division, and provided regular analysis to the Monetary Policy Committee. She joined Baillie Gifford in October 2005 and is an Investment Manager in the Rates and Currencies Team.

Yannis Lykouris

Yannis graduated BSc (Hons) in Accounting & Finance from the Athens University of Economics & Business in 2008 and also gained an MSc degree in Financial Economics from the University of Oxford in 2010. He completed a summer internship at Goldman Sachs Asset Management in 2010. Yannis joined Baillie Gifford in June 2011 and is an Investment Manager in the Rates and Currencies Team.

Fund Performance

Cumulative Performance

Discrete Performance

Top 10 Holdings

Name Weight
POLAND 2.75% IL 25/08/2023 4.70%
INDONESIA 8.375% 15/03/2024 2.70%
THAILAND 4.875% 22/06/2029 2.10%
PERU(REPUBLIC OF) 6.15% BDS 12 2.00%

Asset Breakdown

Name Weight
American Emerging Fixed Intere 4.00%
Brazilian Fixed Interest 7.60%
Chilean Fixed Interest 3.30%
Global Fixed Interest 10.70%
Hungarian Fixed Interest 2.20%
Indonesian Fixed Interest 11.40%
Mexican Fixed Interest 9.80%
Middle East & African Fixed In 7.70%
Money Market 3.90%
Peruvian Fixed Interest 5.20%
Polish Fixed Interest 8.20%
Russian Fixed Interest 7.40%
South African Fixed Interest 5.60%
Thai Fixed Interest 9.20%
US Fixed Interest 3.80%

Region Breakdown

Name Weight
Brazil 7.60%
Chile 3.30%
Colombia 4.00%
Egypt 4.00%
Hungary 2.20%
Indonesia 11.40%
Mexico 9.80%
Money Market 3.90%
Others 10.70%
Peru 5.20%
Poland 8.20%
Russia 7.40%
South Africa 5.60%
Thailand 9.20%
Turkey 3.70%
USA 3.80%

Sector Breakdown

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