The fund invests in debt instruments (i.e. notes, bonds, certificates, mortgages, etc) denominated in currencies of economically developed and politically stable countries which are members of the OECD (Organisation for Economic Cooperation and Development). We invest in countries where we are able to assess specific political and economic risks and in countries that have undertaken certain economic reforms. The issuers of the debt instruments are established in low and middle income developing countries (emerging markets). We invest in South and Central American (including the Caribbean), Central and Eastern European, Asian, African and Middle Eastern debt instruments. We aim to beat the performance of the benchmark JP Morgan EMBI Global Diversified hedged (EUR). This fund is for investors capable of assessing the risks linked to this fund.