Examples of Emerging Market Countries in a sentence
Securities must be incorporated in one of these Emerging Market Countries and have paid at least $5 million in gross cash dividends on shares of their common stock in the annual cycle prior to the annual reconstitution in October.
In this context, Emerging Market Countries are defined as countries which are at the time of investment not considered by the International Monetary Fund, World Bank, International Finance Corporation (IFC), a leading index provider or by any other source approved by the Board of Directors, to be developed, high-income industrialized countries.
The Fund also will, under normal market conditions: (1) invest at least 40% of its net assets outside the United States (including Emerging Market Countries) which may be reduced to 30% if market conditions are not favourable; and (2) hold securities of issuers located in at least three countries.
In order to insure a geographical diversification, the Sub-Fund will generally invest in at least four Emerging Market Countries (please refer to the Glossary of Terms for a definition of Emerging Market Countries).
To achieve this objective, the Sub-Fund invests (except when maintaining a temporary defensive position) directly at least 80% of its net assets in bonds (including Rule 144A securities) and money market instruments issued by governments of Emerging Market Countries, their public local authorities and/or companies of Emerging Market Countries, and in derivative instruments that provide investment exposure to such securities.