Swiss Life Funds (LUX) Bond Emerging Markets Corporates IG
- Fund
- Fixed Income
- Emerging Markets
- Investment Grade
Product details
Performance
Since 1 Year
+5.19%
Data updated on 30 April 2025
Strategy
The Sub-Fund invests in hard currency (mainly US dollar) corporate bonds issued by companies domiciled in emerging markets, which mainly have an investment grade rating (AAA to BBB-). Objective of the Sub-Fund is to attain attractive returns offered by emerging markets debt without taking the exposure to higher risk from the lower rated segment.
Management commentary
In April, emerging markets faced heightened macroeconomic uncertainty from US tariffs and weak global growth forecasts. Credit spreads for emerging market sovereigns and corporates widened, notably in higher-yielding segments, while equity and credit markets rebounded later on optimism about trade talks. The fund's absolute performance was negative, driven by wider credit spreads, which outweighed carry. The relative fund performance was negative due to pricing impact from increased market volatility.
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