So investiert der First State Emerging Markets Bond Fund Class I (Distributing) HKD Fonds: The Fund aims to achieve a total investment return from income and capital appreciation. The Fund invests primarily (at least 80% of its Net Asset Value) in debt securities issued or guaranteed by governments or quasi-government organization issuers, financial institutions or companies in Emerging Market Countries or their agencies and by companies established or having significant operations in Emerging Market Countries. The Fund may also invest up to 20% of its Net Asset Value in debt securities of companies which are not established in Emerging Market Countries but which may conduct a portion of their business operations in Emerging Market Countries.