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Nordea 1 - Emerging Market Bond BP USD

Ranked 10 out of 51 in - Emerging Markets Global Hard Currency over 36 months
All calculations are in USD unless stated

Managed by

David Bessey

David Bessey is managing director and head of Prudential Fixed Income’s Emerging Markets team, investing in emerging market debt denominated in both $US and local currencies. Alongside co-manager Cathy Hepworth, he successfully manages the WIP Emerging Markets Fixed Income Fund. Bessey also specializes in the utility and sovereign sectors for the high yield team. From 1994 to 1999, Bessey was a senior portfolio manager for emerging markets portfolios and $US investment grade assets. Previously, he developed asset allocation strategies for insurance portfolios and managed Prudential Financial’s long-term funding book. Prior to joining Prudential Financial in 1989, Bessey was a project manager on various engineering projects in the United States, Asia, and Latin America. Bessey received a B.S. in geological engineering from Cornell University and an MBA in finance from the Sloan School at the Massachusetts Institute of Technology.

Cathy Hepworth

Cathy Hepworth attended Georgetown University in 1984 and New York University in 1993 where she obtained a BSc in Foreign Science and an MBA in Finance respectively. She began her career as an analyst at Golembe Associates in 1984, and later joined Merrill Lynch in 1986 and Bankers Trust in 1986 working as an associate. She joined Oppenheim Pramerica in 1989 and currently co-manages (with David Bessey) the Wip Emerging Markets Fixed Income Fund. Outside of fund management, Cathy enjoys running.

Objective

This Sub-fund shall invest a minimum of two-thirds of its total assets (after deduction of cash) in fixed income and floating rate debt securities issued by public authorities and private borrowers, which are domiciled or exercise the predominant part of their economic activity in an Emerging Market country. The securities are denominated in hard currencies, such as US Dollar or Euro.

Showing fund performance in Singapore View performance globally

Performance

Emerging Markets Global Hard Currency over : 30/09/2015 - 30/09/2018

Total Return

Quarterly Performance

to 30/09/2018 Annual Q1 Q2 Q3 Q4
2018 -2.2% -4.4% 2.6%
2017 12.1% 4.5% 2.2% 3.3% 1.6%
2016 10.7% 4.0% 5.7% 5.1% -4.2%
2015 1.0% 2.4% -0.5% -2.6% 1.8%
2014 5.8% 3.6% 5.5% -1.2% -2.0%
2013 -5.9% -2.2% -6.7% 1.4% 1.7%
2012 6.9% 2.8%

Month by Month Performance

Returns Vs Risk

Asset Allocation

Breakdown

31/08/2018

Top 10 Holdings

Stock Size
Argentina 2.500% 31-Dec-2038 1.71%
Russian Fedrtn 12.750% 24-Jun-2028 1.19%
Argentina 7.500% 22-Apr-2026 1.12%
Pemex 6.500% 02-Jun-2041 1.07%
1MDB GLOBAL 4.40% 03/09/23 SR: 1.07%
Pemex 6.500% 13-Mar-2027 1.05%
Hungary 7.625% 29-Mar-2041 1.04%
Egypt 8.500% 31-Jan-2047 1.04%
Angola 9.500% 12-Nov-2025 0.95%
Dominican Rep 7.450% 30-Apr-2044 0.92%
31/08/2018

Registered For Sale In

  1. Austria
  2. Belgium
  3. Chile
  4. Denmark
  5. Estonia
  6. Finland
  7. France
  8. Germany
  9. Italy
  10. Latvia
  11. Lithuania
  12. Luxembourg
  13. Netherlands
  14. Norway
  15. Singapore
  16. Spain
  17. Sweden
  18. Switzerland
  19. United Kingdom

Fund Info

  • Launch date30/05/2012
  • Share Class size19Mn
  • Base currencyEUR
  • ISIN LU0772926670

Purchase Info

  • Min. initial investment0
  • Min. regular additional investment0

Charges

  • Annual management1.00%
  • Initial investment1.00%

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