Emerging Markets Investment Grade Corporate Debt Fund

Attractive income solution with growth potential
Victoria Harling
Alan Siow
Attractive income solution with growth potential

Fund highlights

High quality

Average credit rating: BBB, no bond default since inception*

Invests in USD denominated bonds primarily

No local currency exposure currently*

Monthly distribution share class available^

USD and SGD denominated shares available with monthly dividend distribution (Aims to pay monthly dividend. Dividend is not guaranteed, dividends may be paid out of the Fund’s capital)

  • EM investment grade corporate bond is a significant asset class but still under invested
  • They tend to offer higher yield and lower sensitivity to interest rate change vs. their global peers
  • EM corporates are well positioned for the uncertain environment with strong fundamentals

Key advantages of EM investment grade corporate bonds

Emerging Markets Investment Grade Corporate Debt Fund Figure 1 

EM investment grade corporate bonds have delivered superior returns^^

Emerging Markets Investment Grade Corporate Debt Fund Figure 2 
EM investment grade corporate debt offers a liquid, investment grade rated, US dollar denominated alternative that many investors have not considered.

Portfolio Managers

Victoria Harling
Portfolio Manager
Alan Siow
Portfolio Manager
*Source: Ninety One, 31 March 2021. The Fund was launched on 31 May 2013. The portfolio may change significantly over a short period of time.

^A positive yield does not imply a positive return. A Inc-3 share class may distribute out of capital or effectively out of capital which amounts to a return or withdrawal of investor’s original investment or from any capital gains attributable to that original investment. Any such distributions may result in an immediate reduction of the net asset value per share.

^^Sources: Bloomberg, Ninety One calculations, 31 March 2011 to 31 March 2021, EM Investment grade Corporate Bond=JPM Investment Grade CEMBI Broad Diversified Index; Global Aggregate Bond =Bloomberg Barclays Global Aggregate Index.

†Investors should note that performance and risk profile between bond funds and individual bonds may differ.
Past performance shown are not indicative of future performance. Investors are reminded that investment involves risk. Investors should read the prospectus and product highlights sheets of the funds which are available from ninetyone.com/en/singapore or any of the appointed distributors before making any investment decision. Please contact your financial advisor if you are in doubt of any information contained in this website. The value of the shares in the fund and the income accruing to the units, if any, may fall or rise.

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