The fund is actively managed and invests in interest-bearing securities issued or guaranteed by states in emerging markets, municipalities, governmental or municipal authorities in such markets or by intergovernmental agencies in which one or several such states are members. Emerging markets refer primarily to Latin America, Asia, Africa and Eastern Europe, including the Balkans and Baltics. Investments are mainly made in local currency, which results in a currency risk as well as a higher potential for returns. Fund assets shall be invested in interest-bearing financial instruments with a rating from S&P or Moody's. The minimum rating permitted is B- from S&P or B3 from Moody's, with the restriction that the combined holdings in the fund may not have an average rating below BB- from S&P or Ba3 from Moody's.
The investment focus of the fund does not permit investments in corporate credits, which means that by definition controversial sectors are excluded.
The fund is reported as an Article 6 fund pursuant to EU regulation 2019/2088 on sustainability-related disclosures in the financial services sector (SFDR).
Fund manager
Alexander Gullnäs
Experience in the fund industry 2012.
Portfolio Manager since 7 December 2018.