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Neuberger Berman EM Debt Loc Curr USD A Acc

Ranked 40 out of 50 in - Emerging Markets Global Local Currency over 12 months
All calculations are in USD unless stated

Managed by

Rob Drijkoningen

Rob Drijkoningen joined Neuberger Berman in 2013. Prior to this, since 1995 he worked at ING Investment Management, starting out managing international fixed income portfolios, including currency risks, for the group. He was appointed head of the global markets debt team upon its inception in 1997. An expert on Emerging Market Debt, he has published numerous articles on the subject. Before joining ING, Drijkoningen cut his teeth at Nomura and Goldman Sachs. He holds a Master’s Degree in economics from Rotterdam’s Erasmus University where he specialised in monetary and macro-economic analysis.

Raoul Luttik

Raoul Luttik was born in the Netherlands in 1969 and graduated in economics from the University of Groningen. He holds the Dutch CFA equivalent and is DSI qualified. Raoul joined Neuberger Berman in 2013 having spent several years at ING. Prior to ING, Raoul worked for three years at Detam Pension Services as a fixed income and money market specialist. He aims to exploit the inefficiencies in emerging market debt markets using a fundamental, research-driven approach to investment. His top-down view looks at countries’ macroeconomic and political parameters for financial stability, a view that he believes can add value irrespective of market conditions.

Gorky Urquieta

Gorky Urquieta was born in Bolivia in 1965. He studied finance at the Catholic University in the country's capital, La Paz, and at the University of Wisconsin at Madison. Prior to joining Neuberger Berman in 2014, Gorky worked at ING Furman Selz, and as a portfolio manager in emerging markets and co-head of emerging market debt at ING Investment Management. Away from fund management, Gorky enjoys playing tennis.

Objective

The Fund aims to achieve an attractive level of risk adjusted total return (income plus capital appreciation) from local currencies and local interest rates of Emerging Market Countries. It will primarily invest in debt securities and money market instruments which are issued by governments of, government agencies in or corporate issuers which have their head office or exercise an overriding part of their economic activity in Emerging Market Countries and which are denominated in or are exposed to the currencies of such Emerging Market Countries.

Showing fund performance in Singapore View performance globally

Performance

Emerging Markets Global Local Currency over : 31/08/2017 - 31/08/2018

Total Return

Quarterly Performance

to 30/06/2018 Annual Q1 Q2 Q3 Q4
2018 5.0% -12.0%
2017 15.3% 6.7% 3.7% 3.9% 0.3%
2016 8.4% 11.3% 2.2% 2.2% -6.7%
2015 -17.0% -4.3% -2.0% -11.7% 0.3%
2014 -6.2% 1.6% 4.2% -6.1% -5.6%
2013 0.0% -0.9%

Month by Month Performance

Returns Vs Risk

Asset Allocation

Breakdown

30/04/2018

Top 10 Holdings

Stock Size
BRL/USD Forward Contract 9.34%
EUR/USD Forward Contract 7.03%
CZK/EUR Forward Contract 5.30%
USD Cash 5.29%
Turkey 12.200% 18-Jan-2023 4.03%
COP/USD Forward Contract 3.79%
US Treasury 0.000% 02-Aug-2018 3.62%
HUF/EUR Forward Contract 3.60%
Russian Fedrtn 7.700% 23-Mar-2033 3.13%
South Africa 8.750% 28-Feb-2048 3.09%
30/04/2018

Registered For Sale In

  1. Austria
  2. Belgium
  3. Denmark
  4. Finland
  5. France
  6. Germany
  7. Hong Kong
  8. Ireland
  9. Italy
  10. Luxembourg
  11. Portugal
  12. Singapore
  13. Spain
  14. Sweden
  15. Switzerland
  16. United Kingdom

Fund Info

  • Launch date28/06/2013
  • Share Class size36Mn
  • Base currencyUSD
  • ISIN IE00B99K7H95

Purchase Info

  • Min. initial investment1,000
  • Min. regular additional investment0

Charges

Related News

Hold your nerve on EMD, says + rated manager

Rob Drijkoningen expects the large EMD correction to produce a sharp bounce in asset prices.

Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in the currency and currencies indicated).