Pictet Emerging Local Currency Debt is an active bond fund from Pictet, ISIN LU0255798018.
Active
Bond
Global
Fund size (GBP) £2.6B
To increase the value of your investment, through income and investment growth. Reference Index JP Morgan GBI-EM Global Diversified (USD), an index that does not take into account environmental, social and governance (ESG) factors. Used for portfolio composition, risk monitoring, performance objective and performance measurement.
How the fund has returned, and where it ranks among peers. Returns to Sep 2026 end, GBP net total return.
+4.6%Q3
1 year return
+18.1%Q2
3 year return
+20.2%Q2
5 year return
Chart type
Compare with
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Daily NAV, percent change from the start of the range. Source: FE fundinfo.
1 month−0.4%
3 months−1.9%
Volatility, 3 years7.6%
Ongoing charge (OCF)
Fund size (GBP)£2.6B
What the fund holds
Where the money is: sectors, countries and largest holdings. As supplied by FE fundinfo, last updated 17 Oct 2026. Swipe or use the arrows for more panels.
By country
Spot concentrations at a glance. Share of the fund's portfolio, as supplied by FE fundinfo, last updated 17 Oct 2026.
Others23.4%
India12.8%
Mexico11.5%
See all countriesA free account shows the full list.
By asset class
Spot concentrations at a glance. Share of the fund's portfolio, as supplied by FE fundinfo, last updated 17 Oct 2026.
Global Fixed Interest12.9%
Indian Fixed Interest12.8%
Mexican Fixed Interest11.5%
See all asset classesA free account shows the full list.
Largest holdings
The biggest positions, and how concentrated the fund is. As supplied by FE fundinfo, last updated 17 Oct 2026.
1. INDIA GOVT BOND 6.36% 16.02.2031 SR4.4%
2. MALAYSIA GOVT 4.498% 15.04.2030 SR3.6%
3. INDONESIA GOV'T 7.25% 15.05.2032 UNS3.1%
4. BRAZIL NTN-F 10% 01.01.2031 UNS2.1%
5. COLOMBIA TES 7% 26.03.2031 UNS1.9%
See all holdingsA free account shows the full list.
Macro events and this fund
Recent events linked to this fund by its country and sector exposure, and how it moved after. A measured move, not a cause.
Performance, risk and facts
Judge return, risk and cost before a client conversation. Relative return uses the chart's time range. Facts as reported by the manager.
Against its benchmark
How the fund compares with its benchmark over the same period.
Risk
How bumpy the ride has been, plus the regulatory risk rating.
Volatility, 3 years7.6%
Scale 0 to 40%
Sharpe ratio, 3 years (FE)0.40
Scale −1 to 3
Largest fall from a peak (maximum drawdown), 3 years
−7.3%
Alpha, 3 years (FE)
−5.24
Beta, 3 years (FE)
1.70
Volatility and maximum drawdown: calculated by Funds Benchmark, as at 30 Sep 2026.
Sharpe, alpha, beta: FE fundinfo, as at 5 Jul 2026.
Regulatory risk rating (SRRI)4 of 7
Fund facts
Legal and cost facts for a client note. As reported by the manager.
ISIN
LU0255798018
Fund manager
Emerging Debt Team, Lue-Fong, Global Emerging Debt, Therese Barton, Gocer, De Mello, Liaw, Yigitbasioglu, Marina-Cristea
Management company
Deutsche Bank AG|Pictet Asset Management S.A.|Raiffeisen Bank International AG
Depositary
FundPartner Solutions (Europe) S.A.
Benchmark
JP Morgan GBI-EM Global Diversified (USD)
Ongoing charge
Share class launch date
26 Jun 2006
Domicile
LU
Fund type
open-ended fund
SRRI
4 of 7
What a sum would have become
What an amount would have grown to over the period.
n/a
Past performance is not a reliable guide to future returns. Capital is at risk. Source: FE fundinfo. Returns are GBP net total return to month end unless stated. Headline returns to Sep 2026. Fund size is shown in GBP.
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