Fund Description
The Emerging Local Bond Fund offers efficient exposure to
fast growing emerging markets by investing 80% of its
assets in fixed income securities denominated in the local
currencies of emerging countries. The fund may use
derivatives such as options, futures, or swaps, and may or
may not hedge its exposure to non-US currencies.
Investor Benefits
This fund offers exposure to high interest rates in EM
countries and to appreciation of EM currencies, with a low
correlation to other asset classes.
The Fund Advantage
The fund leverages PIMCO’s disciplined investment process
and expertise in local market inefficiencies to overcome
complex investment entry barriers.
PRIMARY BENCHMARK
JPMorgan Government Bond Index‑Emerging Markets Global Diversified Index (Unhedged)
PRIMARY BENCHMARK DESCRIPTION
JPMorgan Government Bond Index-Emerging Markets Global Diversified Index (Unhedged) is a comprehensive global local emerging markets index, and consists of regularly traded, liquid fixed-rate, domestic currency government bonds to which international investors can gain exposure. It is not possible to invest directly in an unmanaged index.
SHARE CLASS INCEPTION
19/11/2008
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