Baillie Gifford Emerging Markets Bond B Inc


Buy/Sell Price  (as of 09/12/2016) £1.021   Day Change :  1.19%     Fund Code:  BFEBI 

Important documents Before investing please ensure that you have read the Fidelity Key Features Document (incorporating the Fidelity Client Terms) and the fund information documents. These can be found by clicking on the 'Important documents' link.

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Biography

Sally graduated MA in Economics and Statistics from the University of Edinburgh in 1998 and also gained an MSc in Finance and Econometrics from the University of York in 2003. Prior to joining Baillie Gifford, she worked at the Bank of England from 2001 as an economist in the Foreign Exchange Division, and provided regular analysis to the Monetary Policy Committee. She joined Baillie Gifford in October 2005 and is an Investment Manager in the Rates and Currencies Team.

Biography

Steven graduated BAcc in Economics and Accountancy from the University of Glasgow in 1992 and completed an MSc in Economics from Warwick University in 1993. Prior to joining Baillie Gifford, Steven was a fixed income investment manager with Scottish Widows. His experience includes seven years undertaking analysis and research for the Bank of Englands Monetary Policy Committee, and involvement in managing the UKs foreign exchange reserves. Steven joined Baillie Gifford in 2004 and is Head of the Rates and Currencies Team.
Investment HouseBaillie Gifford
Fund ProviderBaillie Gifford & Co Limited.
ManagerSally Greig   Biography
ManagerSteven Hay   Biography

Fund Objective The objective is to produce a total return, before charges and expenses payable out of the Fund, in excess of the total return on the J.P. Morgan GBI-EM Global Diversified Index unhedged in sterling, or any successor or substitute index, in each case as modified from time to time over rolling 3-year periods. There is no guarantee that a positive return will be achieved over rolling 3-year periods or any time period and capital may be at risk. The Fund will invest primarily in bonds issued by one or more of the following: sovereign, supranational, public sector and corporate issuers. Normally at least 75% of the Fund's assets will be held in bonds issued by emerging market borrowers or bonds denominated in emerging market currencies, but the Fund may also invest in bonds denominated in any currency and issued by one or more of the following: sovereign, supranational, public sector and corporate issuers in developed markets. Currency forwards and derivatives may be used from time to time in keeping with the Fund's objective, with the intention of altering the Fund's currency or market exposure and either enhancing or protecting the return on the Fund.

Key Statistics

Fund Status
Fund TypeOEIC
ISINGB00B39RMQ20
12-Month NAV High £1.13
12-Month NAV Low £0.81
Fund Comparative Index -
Morningstar CategoryTMGlobal Emerging Markets Bond - Local Currency
Dividend FrequencyQuarterly
Distribution Yield6.40%

Annual Charges

Morningstar ratings

 as of  31/10/2016
Overall3 star
3 Years3 star
5 Years3 star
10 YearsN/A

One or more funds cannot be shown as they have less than one year of performance data.

Growth of £1000 Help

 as of  09/12/2016

Past Performance (%) Help

as of 

This Fund

     
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Fund versus Morningstar Category

     
2.12-0.75-1.50-1.44-1.73
Important Information

The value of the fund and the income from it can go down as well as up so you may get back less than you invested. If your fund invests in overseas markets, changes in currency exchange rates may affect the value of your investment. If your fund invests in small and emerging markets, these can be more volatile than other more developed markets. Past performance is not a guide to future returns.
For funds that invest in bonds, please be aware that the price of bonds is influenced by movements in interest rates, changes in the credit rating of bond issuers, and other factors such as inflation and market dynamics. In general, as interest rates rise the price of a bond will fall. The risk of default is based on the issuer's ability to make interest payments and to repay the loan at maturity. Default risk may therefore vary between different government issuers as well as between different corporate issuers.

 Some of the performance and risk data presented may start before the share class was launched. If so, the data prior to the launch date of the share class is based on the fund or share class that has similar or higher charges, in order to provide an indication of longer term performance and risk. Please refer to the launch date and performance start date in the fund factsheet to determine whether the data has been extended.Past Performance and Risk & Volatility figures are presented in British Pounds Sterling (GBP). Fund returns are calculated on a Nav to Nav or Bid to Bid basis with income reinvested either after tax (for UK-domiciled funds) or gross of tax (for offshore funds). Performance figures include the effect of the OCF/TER. To cover distribution costs a separate service fee is now also charged on most funds, which is not included in the past performance figures. Consequently the past performance of the fund may be less than that shown on the chart due to the effect of the service fee.

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