OLD MUTUAL LOCAL CURRENCY EMERGING MARKET DEBT FUND

FUND OBJECTIVE

The objective of the Old Mutual Local Currency Emerging Market Debt Fund is to seek to achieve asset growth through investment in a welldiversified portfolio of fixed and variable rate debt securities issued in emerging markets

REASONS TO RECOMMEND

STRONG ACTIVE MANAGEMENT
The portfolio uses active management, based on robust quantitative analysis, to take advantage of market inefficiencies in both rates and currencies.

BROAD UNIVERSE WITH DIVERSIFICATION
The fund selects diverse sources of return from the expanding asset class of sovereign debt across Asia, Africa, the Middle East, and Latin America. No countries are out of reach.

QUANT AND FUNDAMENTALS
The fund uses quantitative models to forecast market direction and combines this with fundamental analysis to identify the most attractive opportunities.

DYNAMIC POSITIONING
The fund is able to access markets early, uses a nimble approach, and dynamically adjusts positioning.

EXPERIENCED TEAM
Delphine Arrighi has worked with emerging market debt since 2000.

WHAT YOUR CLIENTS CAN EXPECT

The aim is to give investors access to a diversified portfolio representing managers’ views that takes advantage of opportunities primarily in local rates and currencies. The fund will also opportunistically invest in US dollar-denominated sovereign and quasi-sovereign bonds in emerging markets when attractive valuations arise. The fund is managed having regard to the JP Morgan GBI-EM Global Diversified Index, but does not track the index.

ANNOUNCEMENT

The Directors of Old Mutual Global Investors Series plc (the “Company”) wish to announce that the Extraordinary General Meeting (the “EGM”) of the Fund was held on 6 January 2016. The resolution detailed in the Notice of EGM and the Circular to Shareholders of the Fund dated 10 December 2015 was approved at the EGM and investors should note that the changes to the supplement to the Prospectus for the Fund will take effect on 21 January 2016. View a copy of the EGM notice detailing the changes.