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PGIM Emerging Market Hard Currency USD I Acc

Ranked 74 out of 270 in - Emerging Markets Global Hard Currency over 3 months
All calculations are in USD unless stated

Managed by

David Bessey

David Bessey is managing director and head of Prudential Fixed Income’s Emerging Markets team, investing in emerging market debt denominated in both $US and local currencies. Alongside co-manager Cathy Hepworth, he successfully manages the WIP Emerging Markets Fixed Income Fund. Bessey also specializes in the utility and sovereign sectors for the high yield team. From 1994 to 1999, Bessey was a senior portfolio manager for emerging markets portfolios and $US investment grade assets. Previously, he developed asset allocation strategies for insurance portfolios and managed Prudential Financial’s long-term funding book. Prior to joining Prudential Financial in 1989, Bessey was a project manager on various engineering projects in the United States, Asia, and Latin America. Bessey received a B.S. in geological engineering from Cornell University and an MBA in finance from the Sloan School at the Massachusetts Institute of Technology.

Cathy Hepworth

Cathy Hepworth attended Georgetown University in 1984 and New York University in 1993 where she obtained a BSc in Foreign Science and an MBA in Finance respectively. She began her career as an analyst at Golembe Associates in 1984, and later joined Merrill Lynch in 1986 and Bankers Trust in 1986 working as an associate. She joined Oppenheim Pramerica in 1989 and currently co-manages (with David Bessey) the Wip Emerging Markets Fixed Income Fund. Outside of fund management, Cathy enjoys running.

Tim Whyman

Objective

Fund will achieve a return through a combination of current income and capital appreciation while preserving invested capital. The Fund will seek to achieve its objective by investing in a diversified portfolio consisting of hard currency (US Dollar, Sterling, Euro and Yen) emerging market sovereign and corporate bonds, the use of derivative transactions (such as interest rate swaps), to a lesser extent, locally denominated emerging market securities (such as MXN-denominated Mexican government bonds).The Fund is expected to invest principally in the sovereign debt of emerging market countries that is denominated in hard currencies and listed and traded on Recognised Markets and in foreign exchange markets.

Showing fund performance globally. You can view performance in individual jurisdictions.

Performance

Emerging Markets Global Hard Currency over : 30/06/2017 - 30/09/2017
  • Rank 74/270 Total Return
  • Rank 194/270 Standard Deviation
  • Rank 1/270 Max Drawdown
Fund Name Currency Loss
1 AEAM Emerging Market Debt (EUR)

Currency exposure is hedged

Currency exposure is hedged

EUR

0%

1 Makaseb Income (MIF) USD

0%

1 Franklin Emerg Market Debt Opps II I (Ydis) EUR

Currency exposure is hedged

Currency exposure is hedged

EUR

0%

1 Aviva Investors Emerging Markets Corp Bd Ih EUR

Currency exposure is hedged

Currency exposure is hedged

EUR

0%

1 Lazard Emerging Markets Bond A Acc USD USD

0.0%

Total Return

Quarterly Performance

to 29/09/2017 Annual Q1 Q2 Q3 Q4
2017 5.2% 2.5% 3.5%

Month by Month Performance

Returns Vs Risk

Registered For Sale In

  1. Ireland

Fund Info

  • Launch date01/11/2016
  • Share Class size250Mn
  • Base currencyUSD
  • ISIN IE00BZCG7W10

Purchase Info

  • Min. initial investment10Mn
  • Min. regular additional investment1Mn

Charges

  • Annual management0.55%

Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in USD).