Overview

The actively managed fund invests primarily in hard currency emerging markets government bonds.

Additionally, the fund allows opportunistic exposures to emerging markets corporate bonds and local currencies.

The fund's country, interest rate and currency exposures are actively managed under strict risk control with the aim to benefit from market movements.

The portfolio manager is not tied to the benchmark in terms of investment selection or weight.

Benefits

The fund gives access to a global emerging markets debt portfolio focused on hard currency.

The fund is broadly diversified across selected issuers from various emerging countries, aiming for an optimal risk-to-return profile.

Experienced emerging market investment specialists can allocate the portfolio flexibly to seize investment opportunities whenever they occur.

Risks

The fund offers higher return potential than a high-quality money market portfolio and therefore bears a higher risk. In addition, emerging markets are at an early stage of development which can typically involve a high level of price volatility and other specific risks such as lower market transparency, regulatory hurdles, corporate governance and political and social challenges. All investments are subject to market fluctuations. Every fund has specific risks, which can significantly increase under unusual market conditions. The fund can use derivatives, which may result in additional risks (particularly counterparty risk). This Fund may not be appropriate for investors who plan to withdraw their money before the recommended holding period disclosed in the PRIIPs KID, if available for this share class.

Features

Product category
麻豆社 Emerging Market Funds
Bonds
Product domicile
Luxembourg
Portfolio management
麻豆社 Asset Management (Americas) LLC, New York
Fund management
麻豆社 Asset Management (Europe) S.A., Luxembourg
Custodian bank
麻豆社 Europe SE, Luxembourg Branch
Representative for products established under foreign law
麻豆社 AG, Stockholm
Day of inception
December 19, 2013
Currency of account
USD
Close of financial year
August 31
SFDR Classification
Art.8
Issue / redemption
daily
Distribution
Reinvestment
Maturity
Open end
Ongoing costs p.a.
0.90% p.a.
Management fee
0.64% p.a.
Total expense ratio (TER)
0.87% p.a.
Swing pricing
yes
Minimum investment
n.a.
Reference Index / Benchmark
JPM EMBI Global Diversified (USD)
ISIN
LU0358455698
Bloomberg Ticker
UBEGBBP LX
Telekurs Id
n.a.

Performance and Prices

Percentage growth

as of May 27, 2026
Cumulative
USD(%) EUR(%)
YTD
1M
3M
6M
1Y 16.81 13.95
2Y
3Y 50.80 38.86
5Y 20.82 26.80
ø p.a.5Y 3.86 4.86

Current data

Net asset value 27.05.2026 USD 145.75
High - last 12 months 20.04.2026 USD 146.91
Low - last 12 months 02.06.2025 USD 124.56
Assets of the unit class in mn 27.05.2026 USD 8.63
Total product assets in mn 27.05.2026 USD 1,824.88
Theoretical yield to worst (gross) 30.04.2026 6.78%
Modified duration 30.04.2026 7.10
Average remaining maturity 30.04.2026 11.89 years

Structures

Fees

Ongoing costs p.a.
0.90%
Flat fee
0.80%
Management fee p.a.
0.64%

Distributions

No distributions. Continuous reinvestment of income.

Sales Authorisations

Market
Sales authorisations status
Austria
Registered
Chile
Institutional Only*
Costa Rica
Institutional Only*
Denmark
Registered
Finland
Registered
France
Registered
Germany
Registered
Italy
Institutional Only*
Liechtenstein
Registered
Luxembourg
Registered
Netherlands
Registered
Norway
Registered
Singapore
Institutional Only*
Spain
Registered
Sweden
Registered
Switzerland
Registered
United Kingdom
Registered

Literature

Agreement / Prospectus
Document type
Document Language
Prospectus
Country supplement
Key Information Document
Past performance
Previous performance scenario
Statutes / Management regulations
Annual and semi-annual report (accounting on August 31)
Document type
Document Language
Annual report
Semi-annual report
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