USD
EUR
Fund PNB EM High Yield Bond Fund. Cost of a share today:
Data are updated each business day after 11:00 am

$ 1008.8556

Value increase of the fund’s share PNB EM High Yield Bond Fund

 

  1 month 3 months 6 months YTD 1 year
Total return for the period, % -1.03%-6.78%-5.13%5.18%-2.08%
CURRENT INDICATORS (19.09.2019)
Net assets of the Fund
5 644 275.29 USD
NAV per share 1 008.8556 USD
Average rating B1
Yield to maturity (annual) 9.90%
Average maturity, in years 9.3
Volatility 8.36%
Number of holdings 11
Fund PNB EM High Yield Bond Fund. Cost of a share today:
Data are updated each business day after 11:00 am
*NAV per share in EUR currency according to the European Central Bank (ECB) reference exchange rate

€ 911.5890

Value increase of the fund’s share PNB EM High Yield Bond Fund

  1 month 3 months 6 months YTD 1 year
Total return for the period, % -1.00%-5.43%-2.67%8.69%-
CURRENT INDICATORS (19.09.2019)
Net assets of the Fund 5 100 095.14 EUR  
NAV per share 911.5890 EUR
Average rating B1
Yield to maturity (annual/USD) 9.90%
Average maturity, in years 9.3
Volatility 8.36%
Number of holdings 11

Would you like to follow the yield of your savings?

Fill in the form and we will send you the yield statistics every quarter

Fund PNB EM High Yield Bond Fund

The processing of personal data entered by you is managed by IPAS “PNB Asset Management”, Riga, 21 E.Birznieka - Upīša Street, LV-1011. Your personal data will be processed for the purpose of preparing and sending an informative statement on the pension plan\'s profitability statistics. You have the right to refuse to receive reports at any time. To get more information on processing of your personal data

you can read for this link or please write to: fondi@pnbbanka.eu.

PORTFOLIO STRUCTURE

Industry Share in the fund
Sovereign bonds 85.00%
Oil, gas 4.10%
Telecommunications service 5.50%
Metals&Mining 5.40%

Country Share in the fund
Cash 0.02%
Ecuador 16.96%
Venezuela 4.09%
Ivory Coast 8.61%
Tajikistan 15.86%
Tunisia 8.93%
Ukraine 8.99%
Argentina 7.23%
USA 8.63%
Oman 5.44%
Turkey 8.58%
Russia 5.39%

Issuer Share of issuers,%
Banque Centrale de Tunisie 8.93%
Ukraine 9.54%
Republic of Tajikistan 15.86%
Republic of Ecuador 16.96%
US TREASURY 8.63%
Ivory Coast 8.61%
Omantel 5.44%
Republic of Argentina 7.23%
Republic of Turkey 8.58%
Petropalovsk 5.39%
Download the full history of the fund NAV per share PNB EM High Yield Bond Fund

Download

Become an investor

How it works?

Choose the Investment Fund and purchase its shares. Along with other investors you become the owner of the portfolio consisting of a variety of assets. The fund is managed by a professional with many years of experience that follows the market on a daily basis and decides on placement of the fund’s resources.
1
The fund is a grouped i.e. diversified portfolio of securities that decreases considerably the risk of the particular issuer.
2
Minimum investment is 1 investment certificate (around USD 1000) i.e. a part of the securities’ portfolio of emerging markets characterised by securities of high nominal value (USD 100 000 – 200 000).
3

Would you like to be an investor?

Fill in the forms and our financial consultant will call you back.

Major risks: the investments are not insured and profit is not guaranteed.

Commentary of Fund\'s Manager

В связи с ограничениями деятельности банка-держателя активов фонда «PNB EM High Yield Fund», приостановлены операции с куплей и продажей долей фонда. Сейчас IPAS «PNB Asset Management» ведёт переговоры о заключении договора с новым банком-держателем, которые завершатся в ближайшее время.

За прошедший месяц стоимость доли фонда PNB EM High Yield Bond Fund уменьшилась на 5,1% до $1020.5365 (€922.8943). Фонд настолько упал из-за политических событий в Аргентине. Несмотря на это, доходность с начала года составляет 6,4%, а доля в евро подорожала на 9,4%.

В Аргентине случились политические сюрпризы. На предварительном голосовании перед президентскими выборами, наибольшее число голосов набрал кандидат от социалистической партии. Инвесторов отреагировали на это паническими продажами, что связано с опасениями дефолта страны, которая в последний раз не выполняла свои обязательства в 2001 году. Однако кроме справедливости этих тревог, настолько резкий спад котировок объясняется нехваткой ликвидности на рынке высокодоходных облигация развивающихся стран. Рынок государственного долга Аргентины стабилизировался к концу этой недели, и бумаги с погашением в 2028 году стали торговаться по 41,3% от номинальной стоимости. До 15-го сентября Международный валютный фонд (МВФ) должен принять решение о выделении средств в рамках программы финансовой помощи суммой $54 млрд, заключенной в прошлом году. Положительное решение по этому вопросу окажет значительную поддержку аргентинским облигациям, и даст время действующему президенту увеличить свои шансы на переизбрание 27-го октября.  

Лидерами роста за месяц стали облигации Кот’д-Ивуара (+6,0%) и Украины (+5,8%). Облигации Аргентины потеряли 45,3% стоимости. По остальным эмитентам, ценовые изменения — менее существенные.

Read more

MANAGER OF THE FUND

Ģirts Veģeris

Member of the management board.

In year 1989 graduated from Cēsis Secondary School No 1 majoring in physics and mathematics. In year 1994 was awarded BSc. Since year 1995 works in the financial sector.

Mr. Veģeris started with insurance company Balta, and continued his career in the investment management company LVA established by several of the largest insurance companies of Latvia. LVA was acquired by AS PNB Banka in year 2006.

He has been into the management of the investment funds since 2000. As of year 2003 Mr. Veģeris is the manager of the resources of the following Tier 2 pension investment funds established by IPAS “PNB Asset Management”: PNB Active Investment Plan ‘GAUJA’, PNB Balanced Investment Plan ‘VENTA’ and PNB Conservative Investment Plan ‘DAUGAVA’.

INFORMATION ABOUT IPAS “PNB Asset Management”

On 1 July 1999 the Financial and Capital Market Commission (FCMC) issued to IPAS PNB Asset Management a licence for management of the investments.

On 4 October 2002 the Financial and Capital Market Commission (FCMC) issued to IPAS PNB Asset Management a licence for management of the resources of the state funded pension scheme (Tier 2 pensions).

On 16 December 2002 an agreement on management of the resources of the state-funded pension scheme was concluded with the State Social Insurance Agency (SSIA).

Reg. Nr. 40003411599
Registration date 24 September 1998 
Auditor of Fund SIA PricewaterhouseCoopers 
PROFILE OF THE FUND
Launch date: 12.07.2017
Custodian bank: AS "PNB Banka"
Auditor of Fund SIA PricewaterhouseCoopers 
ISIN kods LV0000400950
Bloomberg ticker PNBEMHY LR