Pictet Emerging Local Curr Debt I dy GBP

Buy/Sell Price  (as of 21/04/2017) £91.57   Day Change :  0.43%     Fund Code:  PCELI 

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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Lue-Fong joined PAM Ltd. in 2005 as a Senior Investment Manager and Head of Global Emerging Debt with responsibility for investment management, product development and client relations. Before joining PAM Ltd., he worked for Standard Asset Management (2004-2005) and INVESCO (2000-2003) as a Senior Investment Manager in their respective Emerging Markets Debt teams. Between 1996 and 2000, Lue-Fong was an Investment Manager and then Head of Emerging Market Debt at Fischer Francis Trees & Watts. Mr. Lue-Fong graduated from Bournemouth University with a BA (Hons) degree in Finance.
Investment HousePictet
Fund ProviderPictet Asset Management (Europe) SA
ManagerRajeev de Mello  
ManagerSimon Lue-Fong   Biography

Fund Objective The sub-fund seeks capital growth by investing at least two-thirds of its total assets in a diversified portfolio of local-currency bonds issued in emerging markets.

Key Statistics

Fund Status
12-Month NAV High £96.47
12-Month NAV Low £74.45
Fund Comparative Index -
Morningstar CategoryTMGlobal Emerging Markets Bond - Local Currency
Dividend FrequencyYearly
Distribution Yield -
Underlying Yield -

Annual Charges

Morningstar ratings

 as of  31/03/2017
Overall4 star
3 Years3 star
5 Years3 star
10 Years5 star

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

Growth of £1000 Help

 as of  21/04/2017

Past Performance (%) Help

as of 

This Fund


Fund versus Morningstar Category

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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