Ashmore Emerging Markets Strategy Phase 3 slide image

Ashmore Emerging Markets Strategy Phase 3

Investment themes Ashmore Ashmore manages capital across a range of different investment themes with dedicated strategies under each theme providing either global Emerging Markets exposure or specific regional or country exposure. FIXED INCOME (USD 77.8bn) Local THEME External Debt (USD 18.9bn) Currency (USD 28.6bn) GLOBAL STRATEGIES Broad ⚫ Bonds ⚫ Sovereign • Bonds (Broad) ⚫ Sovereign, investment grade • Short duration • ESG ⚫ Cash ⚫ FX+ Investment grade • Volatility- Management REGIONAL/ COUNTRY • Indonesia STRATEGIES Local currency includes USD 11.0bn overlay/liquidity AuM AuM as at 31 December 2021 Corporate Debt (USD 9.5bn) Blended Debt (USD 20.8bn) managed bonds Overlay Broad High yield Investment grade Short duration • Investment grade short duration • ESG ⚫ Blended • Investment grade Absolute return ⚫ ESG China ⚫ Indonesia • Saudi Arabia •Asia high yield ALTERNATIVES (USD 1.5bn) EQUITIES (USD 8.0bn) Active Active ex China ⚫ EM Equity (All • Frontier Cap) ⚫ Shariah ⚫ ESG Multi-asset • Small Cap • Private Equity - Healthcare • Infrastructure ⚫ Special Situations Distressed Debt Real Estate • Colombia ⚫ India • India Small Cap • Indonesia • Indonesia Small Cap • Indonesia ESG • Indonesia Multi- asset Africa Middle East Saudi Arabia Saudi Arabia Shariah Andean Middle East (GCC) 9
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