The ERSTE BOND EMERGING-MARKETS fund invests in government bonds from emerging markets in Latin America, Central and Eastern Europe, Asia and Africa. In addition, the fund can invest in corporate bonds from these regions. The fund invests primarily in hard-currency bonds in US dollars and euros. While the euro/US dollar currency risk is permanently hedged, up to 10% of the fund's assets can be invested in local emerging market currencies.
Please see the legal risk notes at the end of this page.