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The Fund aims to provide a combination of capital growth and income to deliver a return that is higher than that of the global emerging markets bond market over any three-year period.
Fund providing investors with a diversified exposure to the attractive yield of emerging markets and frontier markets fixed income.
This exposure comes through a diversified set of developing country bonds in hard as well as local currencies.
The Fund is led by Charles de Quinsonas; he is an experienced professional with more than 14 years of experience and has been with the team since 2014.
He is further supported by a team of competent specialists covering diverse market segments and broader firm-wide resources.
Since inception, the Fund has outperformed both its peers and the benchmark.
A result of the strategy’s robust risk management, the fund’s low downside capture has also contributed to this outperformance.
The team adopts a “go-anywhere” approach in seeking attractive opportunities globally, including Frontier economies and other small countries.
The Fund is also allowed to invest in both hard and local currency bonds, which the team selects by taking interest rate, currency and credit views.
This flexibility allows the team to dynamically shift exposure between hard and local currencies as a response to developments in the fixed income space. The team also adopts a disciplined portfolio construction process in seeking to avoid or minimize the impact of “blow-ups”.
Investors looking to gain exposure to a broad basket of developing country bonds in both hard and local currencies can consider the Fund as a position to further diversify a traditional portfolio while benefiting from greater expected returns relative to developed market bonds.
While the fund has strong risk management and remains diversified, investors should note that this fund is emerging markets focused with exposure to both hard and local currencies. Investors should consider diversifying their portfolio across other geographies.
Daily data. Returns as of 12 Sep 2026.
| Year | Total | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
| 2026 | - | 1.6% | 1.3% | -4.8% | 3.3% | 1.2% | 0.8% | -0.5% | 0.9% | - | - | - | - |
| 2025 | 15.6% | 1.5% | 1.3% | 0.0% | 1.2% | 1.1% | 2.4% | 0.7% | 1.7% | 1.4% | 1.3% | 0.9% | 1.1% |
| 2024 | 3.7% | -1.3% | 0.6% | 1.5% | -1.2% | 1.1% | -0.2% | 1.6% | 2.5% | 2.2% | -2.0% | 0.3% | -1.2% |
| 2023 | 14.9% | 3.8% | -1.8% | 0.8% | 0.8% | 0.2% | 3.0% | 2.7% | -2.5% | -2.4% | -0.6% | 5.6% | 4.8% |
| 2022 | -13.1% | -1.8% | -4.4% | -2.3% | -4.8% | 0.1% | -6.1% | 0.6% | 1.5% | -4.8% | 1.1% | 6.8% | 1.1% |
| Load more | 5 of 9 | ||||||||||||
| Mexico (United Mexican States) 8.5% (2038-11-18 Maturity) | 3.51% |
| Secretaria Do Tesouro Nacional 10% (2033-01-01 Maturity) | 2.94% |
| South Africa (Republic of) 8.75% (2044-01-31 Maturity) | 2.89% |
| Northern Trust The US Dollar D | 2.11% |
| Poland (Republic of) 1.75% (2032-04-25 Maturity) | 1.49% |
| United States Treasury Bonds 1.75% (2041-08-15 Maturity) | 1.40% |
| Uruguay (Republic Of) 3.875% (2040-07-02 Maturity) | 1.39% |
| Poland (Republic of) 5% (2035-10-25 Maturity) | 1.36% |
| Argentina (Republic Of) 3.625% (2041-07-09 Maturity) | 1.10% |
| Hungary (Republic Of) 6.75% (2028-10-22 Maturity) | 1.07% |
Warning statements
Risk Warnings Investment involves risk. Past performance is not an indicator nor a guarantee of future performance or returns. Projected performance or returns are not guaranteed to materialise. The value of investments and the income from them can go down as well as up, and you may not get the full amount you invested. Rates of exchange may cause the value of investments to go up or down. Individual stock performance does not represent the return of a fund.
The value of the fund can be volatile and can go down substantially within a short period of time. It is possible that a certain amount or all of your investment could be lost.
Generic risk warnings relating to collective investment schemes
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