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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. 

 

“We believe investors have overestimated and mispriced the risk in emerging market corporate debt”

Victoria Harling, Strategy Leader - EMCD
 

A stable of blue chip brands

Top 10 company holdings (%)
Braskem America Finance Co 1.9
Turkcell Iletisim Hizmetleri A 1.9
Petrobras Global Finance BV 1.9
Minerva Luxembourg SA
1.8
MTN Mauritius Investment Ltd 1.8
Maf Global Securities Ltd 1.5
Gazprom Neft OAO Via GPN Capital 1.5
Alfa SAB De CV 1.5
Stillwater Mining Co 1.5
Saudi Electricity Global Sukuk 1.4
Total 16.7

Source: Investec Asset Management as at 30.09.17. 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 26 years’ experience in emerging market investing giving us an excellent insight into what drives returns. 
  • Total assets in emerging market fixed income of US$31.7 billion as at 30.09.17

Victoria Harling

Portfolio Manager

Peter Eerdmans

Portfolio Manager

Read the profile

Important information

Fixed income and multi-asset funds may invest more than 35% of their assets in securities issued or guaranteed by an EEA state.

All information is as at 30.09.17 unless otherwise stated.

The Fund’s investment objectives and performance targets will not necessarily be achieved and there is no guarantee that these investments will make profits; losses may be made.

Fund specific risks:

Currency exchange: Changes in the relative values of different currencies may adversely affect the value of the Fund’s 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.

Derivatives: The use of derivatives is not intended to increase the overall level of risk in the Fund. However, the use of derivatives may still lead to large changes in the value of the Fund and includes the potential for large financial loss.

Developing market: Some of the countries in which the Fund invests 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 from the Fund and/or large fluctuations in the value of the Fund which may lead to larger financial losses than might be anticipated.

Charges from capital: For Inc-2 shares classes, expenses are charged to the capital account rather than to income. This has the effect of increasing income (which may be taxable) whilst reducing capital to an equivalent extent. This could constrain future capital and income growth.

Third party operational: The Fund’s operations depend on third parties. Investors in the Fund may suffer disruption or financial loss in the event of third-party operational failure.

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.