Emerging markets rally lifts Ashmore assets 9%, shares gain
Article content Emerging market stocks have been on a tear in recent months, scaling fresh record highs last week, fueled by a combination of post-COVID-19 recovery hopes, mass global stimulus and a weak dollar boosted investor confidence. Developing equities added 27% to Ashmore’s AUM while external and local debt both gained 10%. Looking at flows, Ashmore recorded net inflows into its overlay/liquidity, external debt and equities themes thanks to new clients, as well as existing ones increasing their investments, especially towards investment grade credit. However, blended debt, corporate...
Source: leaderpost.com