Pictet-Emerging Local Currency Debt P dy GBP

Performance History31/08/2020
Growth of 1,000 (GBP) Advanced Graph
Pictet-Emerging Local Currency Debt P dy GBP
Key Stats
 GBP 67.79
Day Change 0.30%
Morningstar Category™ Global Emerging Markets Bond - Local Currency
IA (formerly IMA) Sector Global Emerging market Bond - Local Currency
ISIN LU0366532132
Fund Size (Mil)
 USD 2916.47
Share Class Size (Mil)
 GBP 1.19
Max Initial Charge 5.00%
Ongoing Charge
Morningstar Research
Analyst Report

The emerging-markets debt team at Pictet has seen some turnover in the ranks but retains a stable and experienced core. Simon Lue-Fong, Pictet's long serving head of emerging-markets debt, resigned in May 2018. Mary-Therese Barton, who has been...

Click here to read this analyst report on the underlying fund.
Morningstar Pillars
Investment Objective: Pictet-Emerging Local Currency Debt P dy GBP
The fund aims to achieve its investment objective by investing a minimum of two-thirds of its total assets or wealth in a diversified portfolio of bonds and other debt securities linked to local emerging debt. Emerging countries are defined as those considered, at the time of investing, as industrially developing countries by the International Monetary Fund, the World Bank, the International Finance Corporation (IFC) or one of the leading investment banks, which include, amongst others, Brazil. The fund may invest more than 10% and up to 20% of its net asset value in securities issued or guaranteed by a single country (including its government, a public or local authority of that country) with a credit rating below investment grade (such as Brazil, Argentina, Hungary, Vietnam and Sri Lanka). Investments in China may be performed, inter alia, on the China Interbank Bond Market directly, or through the QFII or the RQFII quota granted to the Managers for up to 30% of its net assets.
Trailing Returns (GBP)17/09/2020
3 Years Annualised1.00
5 Years Annualised6.54
10 Years Annualised0.81
12 Month Yield 5.41
Dividend Paying Frequency Annually
Manager Name
Start Date
Mary-Therese Barton
Alper Gocer
Inception Date
Category Benchmark
Fund BenchmarkMorningstar Benchmark
JPM GBI-EM Global Diversified TR USDJPM GBI-EM Global Diversified TR USD
Target Market
Role In Portfolio
Standalone / CoreNot Specific
ComponentNot Specific
OtherNot Specific
Primary Objective
PreservationNot Specific
HedgingNot Specific
OtherNot Specific
Portfolio Profile for  Pictet-Emerging Local Currency Debt P dy GBP31/08/2020
Fixed Income
Effective Maturity8.34
Effective Duration-
Morningstar Style Box®
Fixed Income Style
Asset Allocation
  % Long% Short% Net Assets
* This share class has performance data calculated prior to the inception date, 2008-06-03. This is based upon a simulated/extended track record, using the track record of Pictet-Emerging Local Ccy Dbt P dy USD (ISIN: LU0255798281), and is in accordance with Morningstar’s Extended Performance Methodology paper. To find out more about this, click here.
In order to provide consistency across the report data provided by different Asset Managers, the calculated data points presented are generated using Morningstar’s proprietary calculation methodology which is set out in more detail at(

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