ERSTE BOND EMERGING MARKETS CORPORATE invests globally in corporate bonds from emerging economies, allowing investors to participate in the growth opportunities in these up-and-coming markets. The foreign exchange risks relative to the euro are largely hedged, and local currencies account for a maximum of 10% of assets under management, which currently amount to EUR 370mn (as of 30 December 2018). The Morningstar rating compares the historical performance of funds with similar investment goals across Europe.
The fund management team in charge manages almost EUR 1.5bn in corporate bonds from the emerging markets (N.B. mutual funds and institutional mandates).