The investment objective of the Emerging Market Local Fund is to achieve a total return primarily by way of income with some capital growth.
The ACD’s investment policy is to actively manage an exposure primarily in emerging market local currencies and emerging market local currency debt issued by governments in Emerging Markets and/or companies which are domiciled or have significant operations in an Emerging Market. Emerging markets countries are those characterised as developing or emerging by the MSCI Emerging Markets Free Index or those not listed in the OECD country list. The ACD will invest the total assets of the Fund in local currency government bonds and treasury bills, corporate bonds issued in local currency, cash or near cash, securitised notes, foreign exchange forward transactions, and other type of derivatives. At times the portfolio may be concentrated in any one or a combination of such assets.
Links:  http://www.globalfunddata.com/funds/new/performance/management?variant=Threadneedle Investment Services Ltd.
 http://www.globalfunddata.com/funds/new/performance/domicile?variant=United Kingdom
 http://www.globalfunddata.com/funds/new/performance/fund_administrator?variant=The Bank of New York Mellon
 http://www.globalfunddata.com/funds/new/performance/strategy?variant=Global Emerging Markets Bond - Local Currency
 http://www.globalfunddata.com/funds/new/performance/structure?variant=Open Ended Investment Company
 http://www.globalfunddata.com/funds/new/performance/custodian?variant=Citibank International PLC(London)
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