GLOCAL ARMENIAN SOVEREIGN FUND Objective
Glocal Armenia Sovereign fund aims to deliver a managed exposure to Armenian sovereign USD-denominated Eurobonds. The portfolio manager keeps a balanced approach towards duration risk.
Fund performance chart
| MTD | YTD | 3 months | 2023* | Since Inception* | Inception Annualized |
| -0.17% | 4.36% | -0.51% | - | 4.36% | 6.56% |
*Effective cumulative performance since inception – 19 April 2024
| YEAR | JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG | SEP | OCT | NOV | DEC |
| 2024 | -0.1% | 0.9% | 0.4% | 0.7% | 1.6% | 1.5% | -0.6% | 0.1% |
Published issue (buyback) price applies to the unit purchase (buyback) requests submitted on the previous day.
The performance data featured represents past performance, which is no guarantee of future results. Investment return and principal value of an investment will fluctuate; therefore, you may have a gain or loss when you sell your units.
Fund facts
ISIN
AMGLASH01ER1
Type of fund
Non-public, specialized, unclassified open-ended, contractual
Launch date
19 April 2024
Domiciliation
Armenia
Base currency
USD
Holding securities
Armenian Sovereign Eurobonds
NAV calculation
Daily
Distribution policy
Reinvesting
Management fee
0.5% on NAV
Performance fee
5%
Tax rate
0.01% of NAV
Unit custodian
Armbrok Investment Company
Initial investment, min.
USD 100,000
Number of participants, max.
49
Number of units
5,500
Portfolio net assets
USD 573,977
Total assets
USD 574,165
Approach
The portfolio is balanced between several issues of Armenian Eurobonds to provide optimal performance.