Quick Stats

Bid Price - Offer Price -
Mid Price GBX 62.11 Day Change GBX -0.20 (-0.32%)
Price Date 23 Nov 2017 Crown Rating 5
Shares Class Inc. Yield 4.24 %
Total Expense Ratio 0.94 Fund Size 179,400,000.00
Launch Date 24/10/2012 Standard Initial Charge (%) 0.00
Currency GBX ISA Eligible Yes
Annual Management Charge (%) 0.65 Sector IMA UK Equity Income
Min Investment (£) 2,000,000.00 Total Expense Ratio (%) 0.94
ISIN GB00B7XZ3C35 Min TopUp (£) 0.00

Fund Objective

The fund aims to provide income and some capital growth over the longer term by investing predominantly in bonds issued or guaranteed by governments, financial institutions or companies in emerging markets. The majority of the fund will be invested in bonds denominated in US Dollars and who may invest a proportion of the fund's assets in other bonds, derivatives and/or money market instruments to try to take advantage of opportunities they have identified. Please note the operating currency of the fund is US Dollars, and the base currency is Sterling. The currency risk arising from this difference is not routinely hedged. The fund aims to invest mainly in bonds and assets denominated in US Dollars but may, at the discretion of the Manager, invest in bonds and assets denominated in other currencies (including emerging market currencies). Bonds and assets held in currencies other than the operating currency will be hedged at the discretion of the Manager, meaning some additional active currency risk may be taken against the operating currency.

Fund Managers

Kieran Curtis
He Joined investment industry in 2002. Management of the Aviva Morley Emerging Market Local Currency Bond Fund, as well as researching emerging market bond and currency markets. Kieran joined Morley in 2005. From 2002 to2004, Kieran worked for Invesco UK as a fixed income Trainee Fund Manager on the graduate scheme, gaining experience in both global equities and global bonds. He then progressed to the role of Assistant Portfolio Manager at Standard Asset Management, where he managed emerging market fixed income funds. He brings particular expertise in less developed markets with additional experience of managing structured products and funds with total return benchmarks.
Mark Baker