Nordea Emerging Market Bond
  • Fund Manager  
    David Bessey
  • Currency  
    EUR
  • Sector  
    Emerging Markets
  • Fund Type  
    Open Ended
  • Fund Size  
    €53.86m
  • Launch Date  
    30/05/2012
  • Lipper Total Return  

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.

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.

Performance

1 Year 3 Year 5 Year
Nordea 1 - Emerging Market Bond BP EUR 0.05% 28.86% 38.2%
JP Morgan EMBI Global Diversified TR -0.56% 28.09% 38.33%
Figures correct as at 30 Apr 2017
Collected - HLDG Top Holdings as at 28/02/2017
HLDG Top Holdings % of fund
ARGENTINA 2.500% 31-DEC-2038
1.98%
IRAQ 5.800% 15-JAN-2028
1.36%
PEMEX 6.500% 02-JUN-2041
1.25%
PETROLEOS DE VENEZUELA SA 8.500% 27-OCT-2020
1.17%
RUSSIAN FEDRTN 12.750% 24-JUN-2028
1.16%
ROMANIA 6.125% 22-JAN-2044
1.14%
TURKEY 6.875% 17-MAR-2036
1.12%
PHILIPPINES 7.750% 14-JAN-2031
1.06%
HUNGARY 7.625% 29-MAR-2041
1.06%
DOMINICAN REP 7.450% 30-APR-2044
0.98%

Fees

Charge Amount Rating
Total Expense Ratio1.34
Data provided by Lipper. Care has been taken to ensure that the information is correct, but PIP Financial neither warrants, represents nor guarantees the contents of information, nor does it accept any responsibility for errors, inaccuracies, omissions or any inconsistencies herein. Past performance does not predict future performance, it should not be the main or sole reason for making an investment decision. The value of investments and any income from them can fall as well as rise.