Ashmore’s AUM hits $70bn as investors clamour for EM
Ashmore continued to benefit from high investor demand for emerging markets products, recording close to $8bn (£5.7bn, €6.5bn) in net inflows over the first half of the year.
Ashmore continued to benefit from high investor demand for emerging markets products, recording close to $8bn (£5.7bn, €6.5bn) in net inflows over the first half of the year.
As we move through the halfway point of 2017, many investors have grown wary of the risk asset rally and are returning to the relative safety of fixed income funds. But which have performed the best year-to-date? And which have not fared so well?
With a string of countries having been promoted from frontier market to emerging market by index provider MSCI in recent years, investors need to ask themselves the question: are frontier markets still a viable asset class? And if they aren’t, is that actually a problem?
Bond holders look set to benefit from the tax amnesties offered by some emerging market countries that have realised that substantial wealth resides outside their borders which has never been declared for tax purposes, says Jan Dehn, head of research at Ashmore.
Emerging markets specialist fund manager Ashmore has reported a $6.3bn (£4.7bn, €5.6bn) fall in assets under management and an 18% decline in net revenues.
The challenges faced by EM-focused asset managers focused were underlined on Thursday by the sharp difference in results.
Ashmore Group founder Jerome Booth has launched an emerging markets-focused boutique asset management firm which will initially target opportunities in Africa.
Emerging markets specialist Ashmore has launched a Chinese equity fund which will invest in companies with mid to long term growth potential across the country’s onshore and offshore markets.
Source and Ashmore have partnered to launch two London Stock Exchange-listed actively managed ETFs giving exposure to emerging market debt.
Carmignac Group and BNP Paribas Investment Partners have both been granted licences to trade in China listed A shares and local bonds.
Ashmore appears to be stepping up its activity in the Middle East, with the appointment of its former Turkey chief executive to lead its efforts in Saudi Arabia.
Ashmore has unveiled three China-focussed funds that aim to invest in China’s onshore equity and fixed income markets using its RMB Qualified Foreign Institutional Investor (RQFII) license.