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Tailored for investment professionals this site provides information on our products, strategies and services. Please remember capital is at risk and past performance is not a guide to the future.

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Investec Emerging Markets Corporate Debt Fund

A global Emerging Market credit fund

Why Investec Emerging Markets Corporate Debt Fund?

  • A well-diversified high conviction global emerging market credit portfolio built from the bottom up. 
  • Seeks to invest in high-quality national champions that have the potential to benefit from growth and credit quality improvements. 
  • Aims to take advantage of growing emerging market corporate debt universe by investing in quality bonds at attractive valuations. 
  • Run by a specialist and highly motivated investment team with specialist emerging market credit analysts who follow a disciplined process. 

 

“Many emerging market corporate debt issuers are linked to household names that tend to have a global footprint.”

Victoria Harling, Strategy Leader - EMCD
 

A stable of blue chip brands

Top 10 company holdings (%)
MTN Mauritius Investment Ltd 2.1
Petrobras Global Finance Bv 1.9
Petroleos Mexicanos 1.8
Gth Finance Bv 1.6
Huarong Finance 2017 Co Ltd 4.95 1.5
Huarong Finance 2017 Co Ltd 4.25 1.5
Cgnpc International Ltd 1.5
Banco Mercantil Del Norte Sa 1.5
Embraer Netherlands Finance BV 1.5
Stillwater Mining co 1.4
Total 16.2

Source: Investec Asset Management as at 30.09.18. The portfolio may change significantly over a short period of time. Bond ratings are Investec approximations. This is not a buy or sell recommendation for any particular security. Figures may not always add up to 100 due to rounding.

 

Why Investec Asset Management for emerging market corporate debt?

  • We have dedicated corporate debt investment professionals within our Emerging Market Fixed Income team. 
  • Our specialist Emerging Market Fixed Income team has a diverse and complementary skill set covering over 70 emerging countries worldwide. 
  • Given our South African roots, we have over 25 years’ experience in emerging market investing giving us an excellent insight into what drives returns. 
  • Total assets in emerging market fixed income of US$32.9 billion as at 30.06.18



General risks

The value of investments, and any income generated from them, can fall as well as rise. Where charges are taken from capital, this may constrain future growth.

Past performance is not a reliable indicator of future results. If any currency differs from the investor's home currency, returns may increase or decrease as a result of currency fluctuations.

Investment objectives and performance targets may not necessarily be achieved, losses may be made.


Specific risks

Currency exchange: Changes in the relative values of different currencies may adversely affect the value of investments and any related income. Default: There is a risk that the issuers of fixed income investments (e.g. bonds) may not be able to meet interest payments nor repay the money they have borrowed. The worse the credit quality of the issuer, the greater the risk of default and therefore investment loss. Derivative counterparty: A counterparty to a derivative transaction may fail to meet its obligations thereby leading to financial loss. Derivatives: The use of derivatives may increase overall risk by magnifying the effect of both gains and losses. This may lead to large changes in value and potentially large financial loss. Developing market: Some countries may have less developed legal, political, economic and/or other systems. These markets carry a higher risk of financial loss than those in countries generally regarded as being more developed. Interest rate: The value of fixed income investments (e.g. bonds) tends to decrease when interest rates and/or inflation rises. Liquidity: There may be insufficient buyers or sellers of particular investments giving rise to delays in trading and being able to make settlements, and/or large fluctuations in value. This may lead to larger financial losses than might be anticipated.

Victoria Harling

Portfolio Manager

Peter Eerdmans

Portfolio Manager

Read the profile

Important information

All information is as at 30.09.18 unless otherwise stated.

Some of the funds displayed on this page may not be registered in your region and will therefore not be available for sale . Please visit www.investecassetmanagement.com/registrations to check registration by country.