Fund Description
The Emerging Markets Short-Term Local Currency Fund
offers efficient exposure to fast growing emerging markets
by investing at least 80% of its assets in currencies and in
short-duration bonds, denominated in the currencies of
developing countries. The fund may invest directly in
currencies or bonds, or use derivatives to replicate
investment returns.
Investor Benefits
This fund offers exposure to high interest rates in EM countries and to EM currencies, with low correlation to developed markets fixed income.
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 Emerging Local Markets Index Plus (Unhedged)
PRIMARY BENCHMARK DESCRIPTION
JPMorgan Emerging Local Markets Index Plus (Unhedged) tracks total returns for local-currency-denominated money market instruments in 22 emerging markets countries with at least US$10 billion of external trade. It is not possible to invest directly in an unmanaged index.
SHARE CLASS INCEPTION
19/11/2008
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