M&G Emerging Markets Bond Fund I Inc


Buy/Sell Price  (as of 08/12/2016) £1.3254   Day Change :  -0.26%     Fund Code:  MGEKI 

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

Claudia Calich joined M&G in October 2013 as a specialist in emerging markets debt and was appointed fund manager of the M&G Emerging Market Bond Fund in December 2013. Claudia has over 20 years experience in emerging markets, most recently at Invesco in New York, where she was a senior portfolio manager and lead manager of the Invesco Emerging Market Bond and Global High Income funds. In addition, she was lead manager for Invescos institutional emerging market separate accounts. Prior to this, Claudia was with Oppenheimer Funds, which she joined in 1999.
Investment HouseM&G
Fund ProviderM&G Group
ManagerClaudia Calich   Biography

Fund Objective 'The Fund aims to maximise total return (the combination of income and growth of capital). The Fund invests mainly in debt instruments issued by emerging market borrowers including government, government agency and corporate debt. There are no restrictions on the currencies to which the Fund may be exposed. Derivatives may be used for investment purposes as well as for efficient portfolio management. The Fund may also invest in collective investment schemes, other transferable securities (including other debt instruments), cash and near cash, deposits, warrants and money market instruments. M&G has the discretion to identify the countries that it considers to qualify as emerging markets although these will typically be those that the IMF or World Bank define as emerging or developing economies.

Key Statistics

Fund Status
Fund TypeOEIC
ISINGB00B4TL2D89
12-Month NAV High £1.43
12-Month NAV Low £1.05
Fund Comparative Index -
Morningstar CategoryTMGlobal Emerging Markets Bond
Dividend FrequencyTwice Yearly
Distribution Yield5.72%
Underlying Yield4.83%

Annual Charges

Morningstar ratings

 as of  31/10/2016
Overall4 star
3 Years5 star
5 Years4 star
10 Years4 star

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

Growth of £1000 Help

 as of  08/12/2016

Past Performance (%) Help

as of 

This Fund

     
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Fund versus Morningstar Category

     
-2.552.814.572.760.78
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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