They are normally term bonds effectively. If you need flexibility for emergency its not the way to go.
The organisation has been in business a number of years while others have come and gone.
A unit trust/mutual fund say based in Luxembourg investing in developing country bonds is possible.
Offshore Funds
The best of these fund increase in value over 5 year about 10% per year. Withdrawls can be made at any time.
Can be denominated in Euros, USD etc. and in many there is no front loading.
If you are happy to cash in say 10% of your fund holding every year as interest past record indicate that you may well preserve the capital.
If there were a period of the fund dropping by say 8% it is possible to cash in and loose a years 'interest'.
An advantage is security - the funds have bonds from many countries. They are run by major financial institutions. Typically a withdrawl through internaxx or similar international stockbroker may take 1 week including transfer to DR.
Bond funds typically show less volatility than the stock markets although in good times the gains are less.
For money that could be needed quickly and a spread of currencies there are advantages. If the amount is large spreading the investment over 2 to 5 of such funds will further reduce risk. If one underperforms it can be dropped.
ETF's with similar holdings are possible but at present my impression is that track records are shorter. Some also may added volatility as the stock price may be at a premium or discount to the underlying assets.
But this an opinion of mine only as they say do your own due diligence.
Financial advisors have different opinions but sometimes these are colored by the companies they represent and the commissions they stand to receive. It may be better to pay a fee of say 200$ every couple of years for independent advice and invest separately though and international stockbroker or bank HSBC, internaxx etc.
Yanandu
There are alternative investments!