GAM Multibond - ESG Local Em. Bond V EUR
LU2328956243
GAM Multibond - ESG Local Em. Bond V EUR/ LU2328956243 /
NAV05/09/2024 |
Chg.+0.5300 |
Type of yield |
Investment Focus |
Investment company |
108.7200EUR |
+0.49% |
reinvestment |
Bonds
Emerging Markets
|
GAM (LU) ▶ |
Investment strategy
The aim of the sub-fund ("Fund") is to achieve an above-average return over the long term. For this purpose, the Fund invests in debt securities from obligors in emerging economies taking into account environmental, social and governance criteria ("ESG criteria"). Such ESG criteria, which are not priced in by the market, are actively included in the sub-fund's investment process in order to increase the sub-fund's risk-adjusted returns, while the use of the benchmark ensures that more capital is allocated to countries with good key ESG indicators without such ESG criteria having a systematic influence on future returns.
The Fund invests at least two thirds of its assets in debt securities which are issued or guaranteed by borrowers from emerging economies. These debt securities are denominated in the local currency or tied to it. The Fund may also invest in debt securities in other currencies or from borrowers in other countries. Because the Fund invests its assets in various currencies, it may hedge against fluctuations vis-à-vis the Fund's base currency. The Fund invests in floating and fixed-rate debt securities. These securities are issued predominantly by governments and quasi-state entities. It may invest in debt securities with differing maturities, in differing currencies, and with differing quality characteristics in terms of the ability to repay the debts. The Fund may use complex financial instruments to hedge the Fund assets and to profit from promising investments. The Fund may invest directly in mainland Chinese bonds that are listed on Chinese stock exchanges or traded on mainland Chinese interbank bond markets. The Fund invests in securities on Chinese exchanges as part of the investment manager's RQFII (Renminbi Qualified Foreign Institutional Investor) quota. The Fund promotes environmental and/or social characteristics in accordance with Article 8 of Regulation (EU) 2019/2088 (the "SFDR"), but does not have a sustainable investment as its objective.
Investment goal
The aim of the sub-fund ("Fund") is to achieve an above-average return over the long term. For this purpose, the Fund invests in debt securities from obligors in emerging economies taking into account environmental, social and governance criteria ("ESG criteria"). Such ESG criteria, which are not priced in by the market, are actively included in the sub-fund's investment process in order to increase the sub-fund's risk-adjusted returns, while the use of the benchmark ensures that more capital is allocated to countries with good key ESG indicators without such ESG criteria having a systematic influence on future returns.
Master data
Type of yield: |
reinvestment |
Funds Category: |
Bonds |
Region: |
Emerging Markets |
Branch: |
Bonds: Mixed |
Benchmark: |
JPM ESG GBI- EM Global Diversidied. |
Business year start: |
01/07 |
Last Distribution: |
- |
Depository bank: |
State Street Bank International GmbH |
Fund domicile: |
Luxembourg |
Distribution permission: |
Austria, Germany, Switzerland |
Fund manager: |
- |
Fund volume: |
143.78 mill.
USD
|
Launch date: |
18/06/2021 |
Investment focus: |
- |
Conditions
Issue surcharge: |
3.00% |
Max. Administration Fee: |
0.50% |
Minimum investment: |
- EUR |
Deposit fees: |
- |
Redemption charge: |
2.00% |
Key Investor Information: |
Download (Print version) |
Investment company
Funds company: |
GAM (LU) |
Address: |
Grand-Rue 25, 1661, Luxemburg |
Country: |
Luxembourg |
Internet: |
www.gam.com
|
Countries
Mexico |
|
18.62% |
Czech Republic |
|
11.58% |
South Africa |
|
11.38% |
Indonesia |
|
9.40% |
Poland |
|
9.20% |
Brazil |
|
8.60% |
Colombia |
|
8.46% |
Malaysia |
|
6.02% |
Cash |
|
4.70% |
Romania |
|
3.50% |
Hungary |
|
3.49% |
Peru |
|
2.16% |
Thailand |
|
2.03% |
China |
|
0.26% |
Uruguay |
|
0.26% |
Others |
|
0.34% |
Currencies
Mexican Peso |
|
18.82% |
Czech Koruna |
|
11.58% |
South African Rand |
|
11.43% |
Indonesian Rupiah |
|
9.40% |
Polish Zloty |
|
9.20% |
Brazilian Real |
|
8.60% |
Colombian Peso |
|
8.46% |
Malaysian Ringgit |
|
6.02% |
Romanian Leu |
|
3.50% |
Hungarian Forint |
|
3.49% |
Peruvian Nuevo Sol |
|
2.16% |
Thai Baht |
|
2.03% |
Chinese Yuan Renminbi |
|
0.26% |
Uruguayan Peso |
|
0.26% |
Others |
|
4.79% |