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Vontobel Fund Sust Em Markets LC Bond A USD

Ranked 44 out of 51 in - Emerging Markets Global Local Currency over 3 months
All calculations are in USD unless stated

Managed by

Daniel Karnaus

Daniel Karnaus joined Vontobel Asset Management as a portfolio manager in November 2000. He manages fixed income investment funds and mandates focusing on Europe and emerging markets (global as well as Eastern Europe). After finishing his studies in 1995, Daniel worked for the Swiss National Bank. His responsibilities included the management of foreign currency reserves with rotational responsibility in EUR, USD and JPY. Prior to this, in 1990, after finishing a commercial apprenticeship at a trust company, Daniel joined the foreign currency trading department of the Cantonal Bank of Zurich. He specialized in the trading of currency options during the course of the following five years. Daniel holds a business management degree from the School of Economics and Business Administration in Zurich and a Federal Diploma for expert in finance and investments.

Thierry Larose

Thierry Larose has over 25 years’ experience in the financial industry. He joined Vontobel Asset Management AG in January 2018 where manages the VF Emerging Markets Local Currency Bond fund. Prior to this he was a senior portfolio manager in emerging markets at Degroof Petercam Asset Management where he launched the Petercam L Bonds Emerging Markets Sustainable fund in 2013. Before joining the firm, Thierry worked at HSBC in London and Brussels. He graduated from the State University of Liege with a BA in Economics specialising in econometrics, financial analysis and portfolio management.


The Sub-Fund's assets are invested in bonds and similar fixed and variable rate debt instruments, including convertible bonds and warrant bonds issued by various public and/or private borrowers from an emerging market, whereby a maximum of 25% of the Sub-Fund's assets may be invested in convertible and warrant bonds.

Showing fund performance in Singapore View performance globally


Emerging Markets Global Local Currency over : 30/08/2018 - 30/11/2018

Total Return

Quarterly Performance

to 30/09/2018 Annual Q1 Q2 Q3 Q4
2018 3.9% -10.7% -2.7%
2017 12.1% 6.4% 1.1% 3.7% 0.5%
2016 10.6% 10.1% 2.4% 2.5% -4.3%
2015 -15.6% -4.0% -1.4% -9.9% -1.0%
2014 -7.2% 1.4% 3.9% -5.6% -6.7%
2013 -10.0% 0.4% -8.3% -0.4% -1.9%
2012 13.5% 6.7% -0.9% 4.2% 3.0%
2011 3.5% -9.1% 1.1%

Month by Month Performance

Returns Vs Risk

Asset Allocation



Top 10 Holdings

Stock Size
Brazil 10.000% 01-Jan-2025 6.56%
Chile 4.500% 01-Mar-2026 6.33%
Czech Republic 4.850% 26-Nov-2057 5.18%
South Africa 6.500% 28-Feb-2041 4.26%
Brazil 10.000% 01-Jan-2027 4.24%
Colombia 7.000% 30-Jun-2032 4.13%
Ghana 19.000% 02-Nov-2026 4.06%
Asian Development Bank 6.200% 06-Oct-2026 3.61%
Indonesia 6.125% 15-May-2028 3.49%
Singapore 3.375% 01-Sep-2033 3.04%

Registered For Sale In

  1. Austria
  2. Chile
  3. Germany
  4. Italy
  5. Liechtenstein
  6. Luxembourg
  7. Singapore
  8. Spain
  9. Sweden
  10. Switzerland
  11. United Kingdom

Fund Info

  • Launch date25/01/2011
  • Share Class size03Mn
  • Base currencyUSD
  • ISIN LU0563307551

Purchase Info

  • Min. initial investment1
  • Min. regular additional investment0


  • Annual management1.20%
  • Initial investment1.20%

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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).