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OMW Old Mutual Local Currency Emerging Market Debt

FE Crown Rating

(Short History)

Fund Objective

The OMW 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 OMW fund will not match that of the underlying investment due to OMW fund charges, appropriate taxation adjustments and the OMW investment process.

Fund Manager

John Peta

Fund Manager

Domicile

Sector

Currency

Primary Asset Class

Fund Size

GBP 0.43m as at 31-Aug-2016

Unit Name

OMW Old Mutual Local Currency Emerging Market Debt

Inc/Acc

Accumulating 

Citicode

NFR2

Initial Charge

n/a

Unit Currency

GBX 

ISIN

GB00B5NVPH60 

Annual Charge

n/a

Bid

GBX 96.60

Offer

GBX 101.60

Change (Offer)

-0.10 (-0.10%)
30-Sep-2016

Unit LaunchDate

18-Apr-2011

Performance Overview

Performance Charts

Cumulative Performance

  YTD 3m 6m 1y 3y 5y
Fund 24.01 5.81 13.78 26.94 5.46 3.98
Sector 9.23 5.87 9.33 13.35 20.10 39.94

Discrete Performance (%)

  2015 2014 2013 2012 2011
Fund -8.46 -3.08 -12.20 6.61 -
Sector 2.04 5.16 10.14 6.76 -5.30

Asset Allocation

No breakdown data available .

Regional Breakdown

No breakdown data available.

Sector Breakdown

No breakdown data available.

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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Data provided by FE. Care has been taken to ensure that the information is correct, but FE neither warrants, represents nor guarantees the contents of information, nor does it accept any responsibility for errors, inaccuracies, omissions or any inconsistencies herein. Past performance does not predict future performance, it should not be the main or sole reason for making an investment decision. The value of investments and any income from them can fall as well as rise.

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