Will Ashmore’s results reflect emerging market renaissance?
Emerging market specialist asset manager Ashmore (ASHM) releases a trading update on 16 January and investors will be hoping it reflects the upward trend in the regions in which the company invests.
The MSCI Emerging Market index has had a great start to the year, following on from a superb 2017. However, the index is a measure of emerging market equities and although Ashmore do provide equity funds, the company is really more of debt specialist.
Therefore, despite a recent rally in Ashmore’s share price, if US interest rate hikes have hurt emerging market borrowers, both sovereign and corporate, the news might not be as rosy as investors might expect.
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