Sustainable Emerging Markets Local Currency Bond

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This website is for informational purposes only. The content of this website, including all opinions and downloadable documents, is not intended to and should not be construed as an offer, invitation or general solicitation to buy or sell any investments or securities, provide investment advisory services or engage in any other transaction. It must not be relied upon in connection with any investment decision, and should not be construed as investment, tax, legal or other advice.

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This website is for informational purposes only. The content of this website, including all opinions and downloadable documents, is not intended to and should not be construed as an offer, invitation or general solicitation to buy or sell any investments or securities, provide investment advisory services or engage in any other transaction. It must not be relied upon in connection with any investment decision, and should not be construed as investment, tax, legal or other advice.

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This website is for informational purposes only. The content of this website, including all opinions and downloadable documents, is not intended to and should not be construed as an offer, invitation or general solicitation to buy or sell any investments or securities, provide investment advisory services or engage in any other transaction. It must not be relied upon in connection with any investment decision, and should not be construed as investment, tax, legal or other advice.

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This website is for informational purposes only. The content of this website, including all opinions and downloadable documents, is not intended to and should not be construed as an offer, invitation or general solicitation to buy or sell any investments or securities, provide investment advisory services or engage in any other transaction. It must not be relied upon in connection with any investment decision, and should not be construed as investment, tax, legal or other advice.

Products or services mentioned on this site are subject to legal and regulatory requirements in applicable jurisdictions and may not be available in all jurisdictions. Accordingly, persons are required to inform themselves of and observe any such restrictions. Nothing in this website should be construed as investment, tax, legal or other advice.

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This website is for informational purposes only. The content of this website, including all opinions and downloadable documents, is not intended to and should not be construed as an offer, invitation or general solicitation to buy or sell any investments or securities, provide investment advisory services or engage in any other transaction. It must not be relied upon in connection with any investment decision, and should not be construed as investment, tax, legal or other advice.

Products or services mentioned on this site are subject to legal and regulatory requirements in applicable jurisdictions and may not be available in all jurisdictions. Accordingly, persons are required to inform themselves of and observe any such restrictions. Nothing in this website should be construed as investment, tax, legal or other advice.

This website is communicated in Netherlands by Macquarie Bank International Limited (MBIL) to persons classified as either an Eligible Counterparty or a Professional Client as defined by Directive 2004/39/EC of the European Parliament and of the Council of 21 April 2004 on markets in financial instruments, By agreeing to continue, you confirm that you qualify as an Eligible Counterparty or a Professional Client. MBIL is incorporated and registered in England and Wales (Company No. 06309906, Firm Reference No. 471080). The registered office for MBIL is Ropemaker Place, 28 Ropemaker Street, London, EC2Y 9HD.

This website is for informational purposes only. The content of this website, including all opinions and downloadable documents, is not intended to and should not be construed as an offer, invitation or general solicitation to buy or sell any investments or securities, provide investment advisory services or engage in any other transaction. It must not be relied upon in connection with any investment decision, and should not be construed as investment, tax, legal or other advice.

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This website is for informational purposes only. The content of this website, including all opinions and downloadable documents, is not intended to and should not be construed as an offer, invitation or general solicitation to buy or sell any investments or securities, provide investment advisory services or engage in any other transaction. It must not be relied upon in connection with any investment decision, and should not be construed as investment, tax, legal or other advice.

Products or services mentioned on this site are subject to legal and regulatory requirements in applicable jurisdictions and may not be available in all jurisdictions. Accordingly, persons are required to inform themselves of and observe any such restrictions. Nothing in this website should be construed as investment, tax, legal or other advice.

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This website is for informational purposes only. The content of this website, including all opinions and downloadable documents, is not intended to and should not be construed as an offer, invitation or general solicitation to buy or sell any investments or securities, provide investment advisory services or engage in any other transaction. It must not be relied upon in connection with any investment decision, and should not be construed as investment, tax, legal or other advice.

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Investment philosophy and approach

Using the unique, efficient and ESG focused supranational local currency EMD asset class, Macquarie’s Sustainable Emerging Markets Local Currency Bond Fund aims to improve the risk/return profile compared to traditional approaches of local currency EMD investing. It offers

Sustainable investment focus

Access to frontier currency exposure

High quality issuers

Supranationals are committed to high sustainablity and social responsiblity standards resulting in high ESG scores

Supranational bonds are issued in up to 40 currencies including frontier markets which while charecterised by reduced liquidity provide broader exposure to EM local currency

Issued under international law with an easy settlement profile, supranationals have very low credit risk* and constant access to funding

*Supranationals generally have AAA issuer-ratings

Our investment philosophy is premised on three core beliefs:

  1. Active management of currency risk
  2. Unconstrained approach
  3. Access to frontier markets
    • Frontier markets are often overlooked
    • Adding them to a local currency bond portfolio may improve risk/reward once reduced liquidity is appropriately managed

A three-step investment approach

Currency diversification

Macro-based reallocation

Bond selection

Step 1:

Strive for broad diversification, achieved via an equal volatility weighted risk-based target allocation to all available countries. The aim is to diversify idiosyncratic risks.

Step 2:

Adjust the allocation by applying a systematic macro scorecard so that local macro backgrounds and other factors are reflected. The aim is to add alpha via intuitive and proven return drivers.

Step 3:

Active bond selection to take into account market technicalities. Active dialogue and cooperation with issuers.

This strategy is available via segregated account or UCITS compliant pooled fund.

Pooled fund materials

Data Privacy Notices

Macquarie Sustainable Emerging Markets LC Bond Fund

Key Investor Information Document (KIID)
Please note that these documents must be read in conjunction with the prospectus.  The prospectus is available in English or German .

  Class A USDClass A2 USDClass B EURClass B EUR (Dist.)Class I EUR
English KIID KIID KIID KIID KIID
French KIID KIID KIID KIID KIID
German KIID KIID KIID KIID KIID
Swiss German KIID KIID KIID KIID KIID
Italian KIID KIID KIID
Norwegian KIID KIID KIID
Swedish KIID KIID KIID
  Class SI CHFClass SI USDClass I EUR (Dist.)Class SI EURClass SI GBPClass SI GBP (Dist.)
English KIID KIID KIID KIID KIID KIID
French KIID KIID KIID KIID
German KIID KIID KIID KIID KIID KIID
Swiss German KIID KIID KIID KIID KIID
Italian KIID
Norwegian KIID
Swedish KIID

Total expense ratio information

Monthly holdings

The J.P. Morgan Government Bond Index–Emerging Markets (GBI-EM) tracks local currency government bonds issued by emerging markets.

The Sub-Fund is subject to the following risks which may not be adequately captured by the indicator.

For full details of the Sub-Fund’s risks, please refer to the prospectus available as mentioned in section “Practical Information”.