Emerging Market Country definition

Emerging Market Country means: (i) for any Fund with “Brandywine” in its name: any country included in the JP Morgan Government Bond Index-Emerging Markets Global Diversified or the JP Morgan Emerging Markets Bond Index Global Diversified or the JP Morgan Corporate Emerging Markets Bond Index; and (ii) for any other Fund: any country in which, at the time of purchase of securities, the per capita income is in the low to upper middle ranges, as determined by the World Bank;

Emerging Market Country means those countries that are: (i) characterised as developing or emerging by any of the World Bank, the United Nations, the International Finance Corporation, or the European Bank for Reconstruction and Development;(ii) included in an emerging markets index by a recognised index provider; or (iii) countries with similar developing frontier or emerging characteristics as countries classified as emerging market countries pursuant to sub-paragraph (i) and (ii) above, in each case determined at the time of purchase, but excluding any country that falls within the definition of Developed Country above;“ESMA”means the European Securities and Markets Authority;“Exempt Investor”means such persons as defined in the “Taxation” section below;“EU Member State”means a Member State of the European Union;“Euro” or “Eur”means the single currency of participating member states of the European Monetary Union introduced on 1 January 1999;“Fund”means such portfolio or portfolios of assets as the Manager may from time to time establish with the approval of the Depositary and the Central Bank constituting in each case a separate portfolio of assets represented by a separate Series of Shares and invested in accordance with the investment objective and policies applicable to such fund as specified in this Prospectus or in a Relevant Supplement;“Hedged Classes”means such Share Classes which have “Hedged” or “Partially Hedged” in their name;“Initial Offer Period”means in relation to each Fund or Class, such period as shall be designated an “Initial Offer Period” in the Prospectus or a Relevant Supplement;“Initial Offer Price”means such price per Share as shall be designated as the initial price per Share in the Prospectus or a Relevant Supplement;“Investment Adviser”means SEI Investments Management Corporation or such other company as may from time to time be appointed to provide investment management services to the Company;“Ireland”means the Republic of Ireland;

Emerging Market Country means any country in which, at the time of purchase of securities, the per capita income is in the low to upper middle ranges, as determined by the World Bank;

Examples of Emerging Market Country in a sentence

• The Portfolio of Collateral Obligations which will secure the Notes will be predominantly comprised of Secured Senior Obligations (which may consist of Secured Loans and/or Secured Senior Bonds), Unsecured Senior Obligations, Second Lien Loans, Mezzanine Obligations and High Yield Bonds lent to or issued by a variety of Obligors with a principal place of business in a Non- Emerging Market Country which are primarily rated below investment grade.

• In seeking to achieve this objective, the Sub–Fund invests at least two thirds of its net assets in fixed income securities rated investment grade and issued by corporate issuers which are domiciled in an Emerging Market Country.

• In seeking to achieve this objective, the Sub–Fund invests at least two thirds of its net assets in fixed income securities of any rating issued by corporate issuers and domiciled within an Emerging Market Country, in unrated debt securities and in distressed debt securities.

• Emerging Market Country securities may involve greater risk than those associated with developed countries including greater currency risk, economic and political risk, settlement risk, price volatility and may have debt unrated by internationally recognised credit rating organisations.

• Developed markets shall be defined as all countries that are not classified as an emerging market in accordance with Bloomberg Indices Emerging Market Country List.

More Definitions of Emerging Market Country

Emerging Market Country means for any Fund with “Western Asset” in its name: (i) any country included in the J.P. Morgan Emerging Market Bond Index Global (the “EMBI Global Index”), the J.P. Morgan Corporate Emerging Market Bond Index Broad (the “CEMBI Broad Index”): or (ii) any country that is classified by the World Bank as low or middle income in its annual classification of national incomes;

Emerging Market Country means a country that is not a Qualifying Country.

Emerging Market Country means a country that does not have a sovereign debt rating or that has a sovereign debt rating below “AA-” by S&P.

Emerging Market Country means any country having an economy or market that is considered by the international monetary fund or world bank to be developing or is a recent (within 2 years) or current index member in the MSCI Emerging Markets Index;

Emerging Market Country means any country whose external foreign indebtedness is rated below "AA-" by S&P or "Aa2" by Moody's, other than (a) any country in respect of which Rating Agency Confirmation has been received and (b) any Non-Emerging Market Country;

Emerging Market Country means a country that is not a Qualifying Country. “Enforcement Action” has the meaning given in Condition 11(b) (Enforcement). “ERISA” means the U.S. Employee Retirement Income Security Act of 1974, as amended.

Emerging Market Country means a country that is not included in the Morgan Stanley Capital International (MSCI) Equity Index Series for developed markets or another similar index selected by the Director and approved by the Council.]