About ELBIX
Ashmore SICAV Emerging Markets Local Currency Bond Fund Institutional Class is a mutual fund designed to offer exposure to fixed-income securities from emerging market countries, with a primary focus on bonds denominated in local currencies. The fund invests mainly in debt instruments issued by sovereign, quasi-sovereign, and supranational entities, providing diversified access across a wide range of emerging economies, including regions such as Latin America, Eastern Europe, Africa, the Middle East, and Asia. By holding securities in local currencies, the fund seeks to capture both the yield potential and the currency movements of emerging markets, while also referencing the JP Morgan Government Bond Index Emerging Market Global Diversified as a benchmark for its investment process. The fund is actively managed, allowing flexibility to invest in benchmark and non-benchmark constituents in varying proportions. It plays a significant role for institutional investors seeking diversification away from developed markets and traditional hard-currency bonds, and aims to maximize total return through a combination of income and capital appreciation, acknowledging the volatility and unique risks associated with emerging market debt and currency exposure.
Fund Family Ashmore
Category Emerging-Markets Local-Currency Bond
Performance Rating Above Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol ELBIX
Share Class Institutional Class Shares
Index Index is not available on Lipper Database
ELBIX had a total return of 9.79% in the past year, including dividends.
Since the fund's inception, the average annual return has been -0.72%.
