BNP Paribas Local Emerging Bd Classic Cap

Increase the value of its assets over the medium term by investing primarily in local emerging bonds.The fund invests at least 2/3 of its assets in bonds and debt securities or other similar securities issued by emerging countries (defined as non OECD countries prior to 1 January 1994 together with Turkey and Greece) or by companies that have their registered offices or conduct a majority of their business activities in these countries, and will try to take advantage of the currency fluctuations in these countries.