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Skandia Old Mutual Local Currency Emerging Market Debt

FE Crown Rating

Fund Objective

The Skandia Old Mutual Local Currency Emerging Market Debt fund invests solely in the Old Mutual Local Currency Emerging Market Debt fund, a sub-fund of Old Mutual Global Investors Series Plc, an Irish authorised Investment Company with Variable Capital managed by Old Mutual Global Investors (UK) Limited. The aim of the underlying fund is to seek to achieve total return through investment in a well-diversified portfolio of fixed and variable rate debt securities issued in the Emerging Markets worldwide and which are primarily denominated in the local currency of the issuer. Investments in emerging markets tend to be volatile and are usually considered to carry a greater degree or risk than investments in established markets. This relates to dealing, settlement and custody practices, the possibility of political or economic instability, and developing legal, fiscal and regulatory structures. The underlying fund may be denominated in or hold assets in a currency other than Sterling. The performance of the fund may therefore rise and fall as a result of exchange rate fluctuations. The underlying fund invests in non-investment grade high-yielding bonds. The high yield reflects a higher risk of capital loss through default. The underlying fund invests in bonds or money market instruments (including deposits with banks or other financial institutions). The yield and/or value of the fund will fluctuate as interest rates change. There is a possibility of default, reducing capital values. The underlying fund, or some of its underlying assets, may hold derivatives, or borrow to invest ('gearing'), and the nature of these investments can lead to a higher volatility in the price of the fund. In addition, the fund may have some exposure to credit risk if a provider of derivatives fails to honour their obligation. Some of the investments in the underlying fund can be difficult to sell at times, which could affect the price of units. It should be noted that the performance of the Skandia fund will not match that of the underlying investment due to Skandia fund charges, appropriate taxation adjustments and the Skandia investment process.

Fund Manager

Stone Harbor EMD Team

Fund Manager

Domicile

Sector

Currency

Primary Asset Class

Fund Size

GBX 0.35m as at 29-Aug-2014

Unit Name

Skandia Old Mutual Local Currency Emerging Market Debt

Inc/Acc

Accumulating 

Citicode

NFR2

Initial Charge

0.00%

Unit Currency

GBX 

ISIN

GB00B5NVPH60 

Annual Charge

n/a

Bid

GBX 90.10

Offer

GBX 94.80

Change (Offer)

-0.10 (-0.11%)
02-Sep-2014

Unit LaunchDate

18-Apr-2011

Performance Overview

Performance Charts

Cumulative Performance

  YTD 3m 6m 1y 3y 5y
Fund 2.62 0.00 5.01 -1.53 -7.49 -
Sector 3.28 1.96 2.45 6.80 20.75 33.57
Benchmark 3.28 1.96 2.45 6.80 20.75 33.57
 

Discrete Performance (%)

  2013 2012 2011 2010 2009
Fund -12.20 6.61 - - -
Sector 10.14 6.76 -5.30 8.11 18.93
Benchmark 10.14 6.76 -5.30 8.11 18.93

Asset Allocation

breakdown chart
  Asset Class % of Fund
Global Fixed Interest 21.93
Mexican Fixed Interest 12.95
European Emerging Fixed Interest 10.59
Malaysian Fixed Interest 10.16
Polish Fixed Interest 9.87
Russian Fixed Interest 8.07
Brazilian Fixed Interest 8.01
South African Fixed Interest 7.55
US Fixed Interest 5.56
American Emerging Fixed Interest 5.31

Regional Breakdown

breakdown chart
  Region % of Fund
Others 21.93
Mexico 12.95
Turkey 10.59
Malaysia 10.16
Poland 9.87
Russia 8.07
Brazil 8.01
South Africa 7.55
USA 5.56
Colombia 5.31

Sector Breakdown

breakdown chart
  Sector % of Fund
BBB 40.15
A 39.77
Non-Rated 7.53
Others 5.47
B 3.09
BB 2.89
AAA 1.10

All prices in Pence Sterling (GBX) unless otherwise specified. Price performance figures are calculated on a bid price to bid price basis with net income (dividends) reinvested. Performance figures are shown in Sterling.

 
 
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