About OEMAX
Invesco Emerging Markets Local Debt Fund Class A is a mutual fund that seeks total return through investments primarily in local currency emerging market sovereign debt. It employs a strategy combining top-down macro analysis with bottom-up country selection to identify opportunities across emerging markets bonds and currencies. The fund invests at least 80% of its net assets in debt securities economically tied to emerging markets, including government bonds from countries such as Mexico, Colombia, Poland, Malaysia, Indonesia, India, South Africa, and Turkey. Notable characteristics include a portfolio of around 150-160 securities, an effective duration typically around 5-6 years, and exposure predominantly to emerging market sovereign bonds, with minor allocations to derivatives, cash, and other assets. Managed actively, it navigates risks associated with foreign securities, interest rate changes, currency fluctuations, and high yield debt in less developed economies. This fund provides investors access to the dynamic emerging markets local debt segment, which offers potential diversification from developed market fixed income.
Fund Family Invesco
Category Emerging-Markets Local-Currency Bond
Performance Rating Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol OEMAX
Index Index is not available on Lipper Database
OEMAX had a total return of 4.20% in the past year, including dividends.
Since the fund's inception, the average annual return has been 1.77%.
