Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Registration only takes a minute.

GAM Multibond - Local Emerging Bd-EUR C

Ranked 54 out of 83 in - Emerging Markets Global Local Currency over 12 months
All calculations are in EUR unless stated

Managed by

Paul McNamara

Paul McNamara is an Investment Director, and is the lead manager on emerging market bond and currency long only and hedge fund strategies. McNamara joined GAM following its acquisition of the fixed income and foreign exchange specialist, Augustus, in May 2009, where he started managing most of the funds he runs to date. McNamara joined Augustus (then Julius Baer Investments Limited) in 1997 from the Export Credits Guarantee department of the UK Government Economic Service, where he was an economist. He began his career as a lecturer. McNamara holds an MSc in Economics from the London School of Economics. He is based in London.

Objective

The fund invests primarily in bonds issued by debtors in emerging markets and/or which are denominated in or pegged to the respective local currency. Particular attention is currently paid to ensuring a broad diversification of currencies. The fund is suitable for investors with a high risk tolerance as an additional basis in a globally diversified portfolio. The additional diversification effect results, in particular, from the low correlation to the global equity markets.

Showing fund performance in Luxembourg View performance globally

Performance

Emerging Markets Global Local Currency over : 31/08/2017 - 31/08/2018
  • Rank 54/83 Total Return
  • Rank 66/83 Standard Deviation
  • Rank 60/83 Max Drawdown
Fund Name Currency Return
52 BlueBay Emerging Market Select Bond B EUR

Currency exposure is hedged

Currency exposure is hedged

EUR

-11.9%

53 UBI SICAV - Cedola Mercati Emergenti R EUR

-11.9%

54 GAM Multibond - Local Emerging Bd-EUR C

Currency exposure is hedged

Currency exposure is hedged

EUR

-12.0%

55 Templeton Emerging Markets Bond A (Ydis) EUR-H1

Currency exposure is hedged

Currency exposure is hedged

EUR

-12.2%

56 Stone Harbor Em Mrkts Lcl Curr Debt I EUR Acc (U) EUR

-12.2%

Fund Name Currency Risk
64 Nordea1 Emerging Market Local Debt Plus HB EUR

Currency exposure is hedged

Currency exposure is hedged

EUR

11.6

65 JPM Em Mkts Local Currency Debt I Acc EUR H

Currency exposure is hedged

Currency exposure is hedged

EUR

11.7

66 GAM Multibond - Local Emerging Bd-EUR C

Currency exposure is hedged

Currency exposure is hedged

EUR

11.8

67 PARVEST Bond World Emerging Local I RH EUR

Currency exposure is hedged

Currency exposure is hedged

EUR

11.8

68 HSBC GIF GEM Local Currency Rates EH EUR C

Currency exposure is hedged

Currency exposure is hedged

EUR

11.8

Fund Name Currency Loss
58 Goldman Sachs Em Mkts Debt Local Pf E EUR EUR

-14.4%

59 Vontobel Fund Sust Em Markets LC Bond H EUR

Currency exposure is hedged

Currency exposure is hedged

EUR

-14.6%

60 GAM Multibond - Local Emerging Bd-EUR C

Currency exposure is hedged

Currency exposure is hedged

EUR

-15.6%

61 MFS Meridian Funds-Em Mkts Dbt Local Curr WH1 EUR

Currency exposure is hedged

Currency exposure is hedged

EUR

-15.7%

62 Nordea1 Emerging Market Local Debt Plus HB EUR

Currency exposure is hedged

Currency exposure is hedged

EUR

-16.1%

Total Return

Quarterly Performance

to 30/06/2018 Annual Q1 Q2 Q3 Q4
2018 3.9% -11.5%
2017 12.0% 6.5% 2.2% 2.4% 0.4%
2016 9.0% 10.1% 2.4% 1.6% -4.9%
2015 -16.4% -4.1% -1.1% -10.1% -2.0%
2014 -2.8% 2.0% 4.3% -4.6% -4.3%
2013 -9.6% -0.2% -8.0% 0.0% -1.6%
2012 17.3% 8.7% -2.0% 5.5% 4.4%
2011 -4.9% 2.2% 3.7% -10.5% 0.2%
2010 14.2% 6.0% -4.3% 10.7% 1.7%
2009 25.4% -5.2% 17.3% 9.4% 3.1%
2008 -13.4% 4.2% 1.7% -5.3% -13.8%
2007 16.2% 3.7% 5.0% 2.5% 4.1%
2006 0.6% 7.4%

Month by Month Performance

Returns Vs Risk

Registered For Sale In

  1. Austria
  2. Belgium
  3. Chile
  4. Cyprus
  5. Denmark
  6. Estonia
  7. Finland
  8. France
  9. Germany
  10. Iceland
  11. Ireland
  12. Italy
  13. Latvia
  14. Lebanon
  15. Liechtenstein
  16. Lithuania
  17. Luxembourg
  18. Netherlands
  19. Norway
  20. Peru
  21. Portugal
  22. Singapore
  23. Spain
  24. Sweden
  25. Switzerland
  26. United Kingdom

Fund Info

  • Launch date31/05/2006
  • Share Class size559Mn
  • Base currencyEUR
  • ISIN LU0256065409
  • Currency exposure is hedged

Purchase Info

  • Min. initial investment500,000
  • Min. regular additional investment0

Charges

  • Annual management0.70%

Related News

Where to unearth opportunities in local currency EM debt

GAM's emerging markets investment director Paul McNamara reveals where to find the global winners and losers within the asset class.

Top LatAm selector on working Chile’s red tape

Cristian Rodriguez of AFP Habitat, Chile’s second biggest pension fund, reveals how mutual funds have helped him invest $40 billion around the globe.

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