Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Registration only takes a minute.

VF Emerging Markets Local Currency Bond H hgd EUR

Ranked 24 out of 34 in - Emerging Markets Global Local Currency over 3 months
All calculations are in EUR 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.

Objective

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 Portugal View performance globally

Performance

Emerging Markets Global Local Currency over : 30/03/2018 - 30/06/2018
  • Rank 24/34 Total Return
  • Rank 34/34 Standard Deviation
  • Rank 24/34 Max Drawdown
Fund Name Currency Return
22 Investec GSF Emr Mkts LC Tot Ret Dbt I Acc EUR H EUR

-9.9%

23 Barclays GA - Em Mkt Local Currency Debt M Acc EUR EUR

-11.3%

24 VF Emerging Markets Local Currency Bond H hgd EUR

Currency exposure is hedged

Currency exposure is hedged

EUR

-11.4%

25 GAM Multibond - Local Emerging Bd-EUR C

Currency exposure is hedged

Currency exposure is hedged

EUR

-11.5%

26 Pictet-Emerging Local Currency Debt-HI EUR

Currency exposure is hedged

Currency exposure is hedged

EUR

-11.7%

Fund Name Currency Risk
30 BNY Mellon Em Mkts Debt Local Curr I EUR Hdg

Currency exposure is hedged

Currency exposure is hedged

EUR

5.6

31 Pictet-Short-Term Emerging Local Curr Debt-HI EUR

Currency exposure is hedged

Currency exposure is hedged

EUR

6.0

32 Templeton Emerging Markets Bond A (Ydis) EUR-H1

Currency exposure is hedged

Currency exposure is hedged

EUR

6.4

33 BGF Emer Mkts Loc Curr Bd A2 EUR Hgd

Currency exposure is hedged

Currency exposure is hedged

EUR

6.4

34 VF Emerging Markets Local Currency Bond H hgd EUR

Currency exposure is hedged

Currency exposure is hedged

EUR

7.2

Fund Name Currency Loss
22 Investec GSF Emr Mkts LC Tot Ret Dbt I Acc EUR H EUR

-9.9%

23 Barclays GA - Em Mkt Local Currency Debt M Acc EUR EUR

-11.3%

24 VF Emerging Markets Local Currency Bond H hgd EUR

Currency exposure is hedged

Currency exposure is hedged

EUR

-11.4%

25 GAM Multibond - Local Emerging Bd-EUR C

Currency exposure is hedged

Currency exposure is hedged

EUR

-11.5%

26 Pictet-Emerging Local Currency Debt-HI EUR

Currency exposure is hedged

Currency exposure is hedged

EUR

-11.7%

Total Return

Quarterly Performance

to 30/06/2018 Annual Q1 Q2 Q3 Q4
2018 3.1% -11.4%
2017 9.5% 5.8% 0.6% 3.2% -0.3%
2016 8.7% 9.8% 2.0% 2.0% -4.8%
2015 -16.3% -4.4% -1.6% -10.0% -1.2%
2014 -7.5% 1.3% 3.9% -5.7% -6.8%
2013 -10.5% 0.3% -8.5% -0.5% -2.0%
2012 12.7% 6.5% -1.1% 4.0% 2.8%
2011 3.5% -9.2% 0.9%

Month by Month Performance

Returns Vs Risk

Registered For Sale In

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

Fund Info

  • Launch date25/01/2011
  • Share Class size06Mn
  • Base currencyEUR
  • ISIN LU0563308443
  • Currency exposure is hedged

Purchase Info

  • Min. initial investment1
  • Min. regular additional investment0

Charges

  • Annual management1.20%
  • Initial investment1.2

Related News

AAA-rated Larose: how Freedom House defines our exclusion policy

Six months after his switch to Vontobel, Thierry Larose names the EMD he is currently focusing on.

Vontobel liquidates sustainable bond fund

The strategy was closed following dwindling assets.

Vontobel poaches Aviva’s EMD local currency head

Swiss asset management group bolsters developing world debt unit with portfolio manager appointment.

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