Emerging Markets Investment Overview
Strategy phase 1:
Establish Emerging Markets asset classes
GDP per capita (indexed 1980 = 100)
Ashmore's proven investment expertise, specialist focus and
•
scalable distribution model mean it is well-placed to exploit
the growth opportunities across Emerging Markets
Huge structural growth opportunity as nations develop and
Emerging Markets increasingly viewed as mainstream asset
classes
1980
EM = USD 1,600
DM USD 10,200
Ashmore
2020
EM = USD 11,600
DM USD 52,100
Diversification is important: not a single asset class. There is
a wide range of risk & return profiles and large investable
markets across fixed income, currencies, equities and illiquid
assets
1980
1985
1990
1995
2000 2005
Developed Markets
2010
2015
2020 2025f
Emerging Markets
Significant growth opportunity from higher allocations (%) 1
•
Institutional allocations are underweight and rising steadily
Typically mid-single digit % allocation to Emerging Markets
MSCI All Cap World index has 13% EM weight
JP Morgan GBI-Agg Diversified index has 28% EM weight
Ashmore's specialism, expertise, experience and
distribution model enable it to capture rising
investor allocations to Emerging Markets
2.5
6.2
5.0
2.0
n/a
2005
2010
7.8
4.7
3.8
2015
2020
Equity Fixed income
(1) Ashmore, annual reports of representative European and US pension funds
collectively responsible for more than US$750 billion of assets
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