Principal GIF Finisterre Unconstrained Emerging Markets Fixed Income Fund

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There is only one type of share class for this fund.

Principal Global Investors Funds - Finisterre Unconstrained Emerging Market Fxd Inc Fd I Hdg Acc GBP

Category Other Bond
This fund can be held in an Investment ISA, SIPP and Investment Account
Last buy/sell price

£9.0596

arrow-down£-0.021 (-0.23%)

Fund Code

PRUIA

BD2ZKY7

IE00BD2ZKY71

Prices updated as at 25 Apr 2024
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Prices in GBP
Investment objective
The investment objective of the Fund is to seek to generate total returns through income and capital appreciation, while limiting volatility and potential capital losses. The Fund seeks to achieve its objective by actively investing in a diversified range of fixed-income and financial derivative instruments ("FDI"), a majority (not less than 51%) issued by or referencing emerging markets. These include corporate, sovereign and quasi-sovereign entities.
Important documents: Please ensure that you have read the Key Information Document/Technical Guide
, Pre-sale Illustrations document & Doing Business with Fidelity document (incorporating the Fidelity Client Terms) and the fund information documents. These can be found within the Charges & documents section.

Our view

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Why we like the fund

The Fund has an unconstrained total return mandate to invest in the Emerging Market debt universe. It has historically delivered via attractive yield, dynamic asset allocation and security selection. The investment universe is further divided into buckets and the allocation to the buckets are adjusted over time depending on the prevailing macroeconomic environment and bottom-up opportunities. The co-portfolio managers have significant industry experience, complementary skillsets and are supported by a team of analysts and the broader Principal research platform.

How to use this fund

Whilst the fund will have dynamic asset allocation and risk positioning in duration, credit and currencies, it will tend to always have a core allocation to generate attractive yield. It is a good complement to a developed market focused fixed income portfolio in a low yield environment. Note historically the fund tends to provide strong downside protection but may lag peers in strong risk-on markets.

Important Information

Please note the value of investments can go down as well as up so you may get back less than you invested. This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to an authorised financial adviser. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and(3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.