BNP PARIBAS ASSET MANAGEMENT - PV bond best selection world EM 1440x300

Parvest Bond Best Selection World Emerging

Our broadest emerging market fixed income fund, run on a total return approach, utilising local and hard currency and corporate bonds.

Opportunity

Emerging Markets Fixed Income (EMFI) is a large asset class with breadth and depth, amounting to USD 19.4tn*. This asset class provides diversification benefits. As interest rates and volatility levels rise from historic low levels, not all EMs will benefit uniformly. A significant difference in performance within EM asset classes provides active managers more security selection opportunities with the aim to generate performance above benchmark.

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Moreover, valuations of emerging markets look compelling on an absolute basis and relative to developed markets.

Fund Highlights

  • Parvest Bond Best Selection World Emerging: The fund seeks to increase the value of its assets over the medium term by investing in bonds and other debt instruments issued by emerging countries or companies from emerging countries, or operating in these countries, with a solid financial structure and/or potential for earnings growth.
  • The fund applies an unconstrained and flexible investment approach: via dynamic asset allocation, a contrarian investment philosophy and disciplined risk management.
  • Offers an attractive yield and monthly payout for the Classic MD share class
    • 8.39% yield#Dividend rate is not guaranteed. Dividends may be paid out of capital. ##

Latest dividend yield (31/01/2019). Classic MD aims to pay a dividend on a monthly basis.

    • Monthly payout of USD 0.13 per unit in 2019### (as of 16/01/2019)
  • First quartile ranking in March 2018 & second quartile ranking in September 2018:
    • Rated by eVestment Alliance####
  • An award-winning investment team: The team of specialists is supported by a strong EM network.
    Insurance Asia News - Insti Asset Management Awards 20182018-SG-MF-House-Emerging Markets Fixed Income_BIC
* JP Morgan, Bloomberg, October 2018 ** Source: JP Morgan, 31 December 2018. Gov refers to Government. EM Local Currency Government Debt (USD hedged) refers to the JP Morgan GBI-EM Global Diversified (USD Hedged) Index; EM Local Currency Government Debt (USD unhedged) refers to the JP Morgan GBI-EM Global Diversified (USD Unhedged) Index; EM USD Government Debt refers to JP Morgan EMBI Global Diversified Index; EM USD Corporate Debt refers to the JP Morgan CEMBI Broad Diversified Index. Past performance is not indicative of current or future performance. # Reference calculation is based on Classic MD shares with the following formula: ([(1+r/p)^12-1] x 100). r = Monthly dividend; p = ex-dividend price. ## The management company may at its discretion pay dividends out of the capital of the fund. Payment of dividends out of capital amounts to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original investment. Any distributions involving payment of dividends out of the fund’s capital may result in an immediate reduction of the net asset value per share. ### Source: BNPP AM, April 2018. #### Source: eVestment Alliance (Global Emerging Markets Fixed Income – Blended Currency Universe), BNPP AM, 1st quartile ranking refers to the 2-year performance as at 31 March 2018, 2nd quartile ranking refers to the two and a half year performance as at 30 September 2018. ^ Source: Insurance Asia News/ Institutional Asset Management Awards 2018 reflects the performance as of 31 December 2017. Benchmark Fund of The Year Awards reflects the performance as of end August 2018 period  
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