BlackRock Emerging Markets Local Currency Bond Fund (USD) A2
Last NAV
(Last Update : 2022/08/11)
1-Month return
Fund House BlackRock Asset Management North Asia Limited
Fund Type Fixed Income Funds
Fund Size
Sector General
Geographic Allocation Emerging Markets
Fund Investment Objective & Strategy
The Emerging Markets Local Currency Bond Fund seeks to maximise total return. The Fund invests at least 70% of its total assets in local currency-denominated fixed income transferable securities issued by governments and agencies of, and companies domiciled or exercising the predominant part of their economic activity in, emerging markets. The full spectrum of available securities, including non-investment grade, may be utilised. Currency exposure is flexibly managed.
Key Risks
Investment risks:The Fund is an investment fund. The Fund’s investment portfolio may fall in value and therefore your investment in the Fund may suffer losses.Credit risks:The Fund may be exposed to the credit/default risk of bonds that it invests in. In the event of bankruptcy or default of an issuer, the Fund may experience losses and incur costs.The actual or perceived downgrading of a rated debt security could decrease its value and liquidity, and may have an adverse impact on the Fund.Emerging market risks:Investment in emerging markets may be subject to a higher than average volatility than more developed markets due to greater political, tax, economic, social, and foreign exchange risks.The size and trading volume of securities markets in emerging markets may be substantially smaller than developed markets. This may subject the Fund to higher liquidity and volatility risks.Custody and registration of assets in emerging markets may be less reliable than in developed markets, which may subject the Fund to higher settlement risk.The Fund may be subject to higher regulatory risks due to low level of regulation, enforcement of regulations and monitoring of investors’ activities in emerging markets.Non-investment grade risks:Investment in non-investment grade bonds may subject the Fund to higher credit/default risks,volatility and liquidity risks than investment grade bonds, which may in turn have an adverse impact on the Fund.Sovereign debt risks:Investment in bonds issued or guaranteed by governments or authorities may involve political,economic, default, or other risks, which may in turn have an adverse impact on the Fund.Capital growth risks:Risks associated with income-generating investment strategy.The Fund pursues an investment strategy in order to generate income which may reduce the potential for capital growth and future income of the Fund.Derivatives risks:In an adverse situation, the Fund may suffer significant losses from its derivatives usage for hedging and efficient portfolio management.Distressed securities risks:Investment in securities issued by a company that is in financial difficulty or in default involves significant risk. There is no guarantee that any exchange offer or reorganisation will be successfully completed.Foreign investments restrictions risks:Some countries prohibit or restrict investment, or the repatriation of income, capital or the proceeds from sale of securities. The Fund may incur higher costs investing in these countries. Such restrictions may delay the investment or repatriation of capital of the Fund.Interest rate risks:An increase in interest rates may adversely affect the value of the bonds held by the Fund.
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