Your Basket
Your Basket
There are no funds in your basket. To add funds to your basket use the Green Plus Icon wherever you see it next to a fund.
Fund name
Aberdeen American Growth  
Fidelity American  
Schroder UK Mid 250  
M&G Recovery  
Jupiter Merlin UK Growth  
Close Basket Open basket




It's look like you're leaving us

What would you like us to do with the funds you've selected

Show me all my options Forget them Save them
Customise this table

Have you been allocating more to cash or equities, given signs of rising risks?



You are here: Factsheet

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




Primary Asset Class

Fund Size

GBX 0.35m as at 29-Aug-2014

Unit Name

Skandia Old Mutual Local Currency Emerging Market Debt





Initial Charge


Unit Currency




Annual Charge



GBX 90.10


GBX 94.80

Change (Offer)

-0.10 (-0.11%)

Unit LaunchDate


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.

Sign up for email alerts
Stay upto date on the latest fund research from FE
subscribe Readers of this page also looked at:
Readers of this Factsheet have not looked at any others
Add your comment
Reload Change mode
Enter the words above:
Send comment
Be the first to comment on this Factsheet.
  • Stay connected with FE trustnet
  • Authorised and Regulated by the
    Financial Conduct Authority
  • © Trustnet Limited . All Rights Reserved.
  • Please read our Terms of Use / Disclaimer
    and Privacy and Cookie Policy.
  • Data supplied in conjunction with Thomson Financial Limited,
    London Stock Exchange Plc,