SEB Emerging Markets Corporate Bond Fund is a fund with a mesium risk level that is a feeder fund, hereafter referred to as "the fund". The portfolio of the fund consists primarily of units invested in the master fund, Gramercy Corporate Emerging Market Debt Fund, which aims to achieve a total return based on income and capital appreciation. Although a minimum of 85 percent of the fund's holdings must be invested in the master fund, the fund manager aims to keep the level of holdings in the master fund as high as possible. The remaining percentage can be held as cash, and invested in derivatives for the purpose of hedging.
Investment policy of the master fund
The master fund is actively managed. The main categories of financial instruments are fixed-income debt securities and other forms of debt such as bonds issued by corporate entities. These corporate entities are organised, located in or have a significant portion of their revenues, profits or assets located in or derived from emerging markets. A minimum of 80 percent of the master fund will be invested in emerging markets, with no more than 25 percent invested in any single market. The master fund is a UCITS fund and has a US dollar base currency. It is domiciled in Ireland and managed by Gramercy Funds Management LLC.
Derivatives in the master fund may be used to achieve investment objectives or for hedging. Derivatives are a type of financial instrument, the value of which is derived from underlying financial instruments.
This fund may not be appropriate for investors who plan to withdraw their money within 5 year(s).
As with most placements, the investment value of this fund could sometimes be negative: the investors risk with getting a smaller amount in return, than initially invested.
Performance
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