Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Global Evolution Funds - EM Local Debt I EUR

Ranked 76 out of 81 in - Emerging Markets Global Local Currency over 12 months
All calculations are in EUR unless stated

Managed by

Morten Bugge

Danish-born Morten Bugge is co-founder and chief investment officer at Global Evolution Fondsmaeglerselskab AS having previously worked at Sydbank where he was a director responsible for emerging markets. Morten manages the Global Evolution EM Debt, Local Currency Debt and Blended Debt funds dealing in emerging markets bonds, using a top-down fundamental investment style.

Lars Nielsen


The investment objective of the fund is to create returns by utilizing a diversified selection of investment opportunities within the emerging markets local currency debt sector. To achieve this objective the Investment Manager will mainly invest in a range of transferable and listed debt securities issued in local currency by emerging markets sovereigns, supranationals and/or multilaterals and in currency instruments. The performance fee is subject to high water mark.

Showing fund performance in Luxembourg View performance globally


Emerging Markets Global Local Currency over : 28/02/2017 - 28/02/2018

Total Return

Quarterly Performance

to 01/01/2018 Annual Q1 Q2 Q3 Q4
2017 -2.3% 4.5% -4.5% -0.9% -1.2%
2016 12.9% 4.5% 5.3% 0.4% 2.2%
2015 -0.8% 7.6% -1.4% -8.3% 1.9%
2014 8.2% 1.3% 3.1% 3.2% 0.4%
2013 -10.8% 2.9% -6.9% -4.6% -2.4%
2012 14.4% 4.9% 4.5% 3.0% 1.3%
2011 -8.1% 0.1%

Month by Month Performance

Returns Vs Risk

Registered For Sale In

  1. Austria
  2. Denmark
  3. France
  4. Germany
  5. Luxembourg
  6. Spain
  7. Sweden
  8. Switzerland
  9. United Kingdom

Fund Info

  • Launch date21/06/2011
  • Share Class size02Mn
  • Base currencyEUR
  • ISIN LU0616502372

Purchase Info

  • Min. initial investment1Mn
  • Min. regular additional investment0


  • Initial investment0

Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in the currency and currencies indicated).