AXA WF Global Em Markets Bonds A $

Investment Objective The Sub-Fund's investment objective is to seek performance by investing mainly in the emerging market universe and to a broader extent in bonds world wide, over a long term period. Investment Policy The Sub-Fund is actively managed in reference to the JP Morgan EMBIG Diversified Hedged USD benchmark index (the "Benchmark") in order to capture opportunities in emerging markets debt, while limiting its credit risk.The Sub-Fund invests at minimum one third of its net assets in the components of the Benchmark. Depending on its investment convictions and after comprehensive macroeconomic and microeconomic analysis of the market, the Investment Manager can take more active positioning in terms of duration (duration measures in numbers of years, the portfolio's sensitivity to interest rate variations), geographical allocation and/or sector or issuer selection compared to the Benchmark. Thus, the deviation from the Benchmark is expected to be significant. However, in certain market conditions (high credit market volatility, turmoil...), the Sub-Fund's positioning on the above indicators may be close to the Benchmark.The following investment decisions are undertaken after comprehensive macroeconomic and microeconomic analysis of the market:- geographical allocation- duration positioning (duration measures in numbers of years the portfolio's sensitivity to the interest rate variations)- yield curve positioning (the yield curve illustrates the relation between investment term and bond yield)- issuer selectionThe Sub-Fund invests:- at least two thirds of its assets in debt securities issued in emerging countries (Latin America, Eastern Europe, Asia, Africa, Middle East) by governments or quasi government issuers as well as private or public companies denominated in USD, Euro or local currencies- up to one third of its assets in money market instruments- up to 20% of its assets in debt securities denominated in local currencies, unhedged.The Sub-Fund may inv

PIR compliant

No

PEA compliant

No

PEA-PME compliant

No