Ashmore argues there is ‘chronic over-estimation’ of EM risk
There is chronic over-estimation of emerging markets risk among investors relative to economic growth levels, according to head of research at EM specialist Ashmore, Jan Dehn.
Emerging Markets
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Mark Mobius relinquishes command of TEMIT
Mark Mobius is stepping away from the helm of the Templeton Emerging Markets Investment Trust after more than 26 years.
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Seven IM adds EM fund to ‘smart passive’ value range
Seven Investment Management has bolstered its fund range with the addition of an emerging markets vehicle.
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Ashmore’s assets plummet by $2.2bn
Ashmore Group has seen its assets under management fall by $2.2bn in the three months to the end of June.
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Liontrust rolls out EM-focused long/short fund for Cadell
Liontrust has unveiled its emerging markets-focused long/short GF Global Strategy Equity Fund, a first strategy for the recently hired ex F&C equities team led by Patrick Cadell.
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PIMCO targets global equity markets with four-strong fund suite
PIMCO has expanded its global equity offering, teaming up with investment solutions provider Research Affiliates on the launch of a four-strong fund suite.
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EM alpha won’t come from broad macro decisions – MFS
Ten to 15 years ago, investors had the view that the best way to invest in emerging markets was to do so as though they were all one homogenous unit. That is no longer the case argues Ward Brown, MFS portfolio manager.
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High-yieldophobia: EM credit cynics not living in real world
Investors dreading emerging market corporates being hit by a US interest rate rise are not living in the real world, according Ashmore Investment Management’s Jan Dehn.
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China’s MSCI inclusion to drive Hong Kong market
China’s inclusion in the MSCI emerging market indices is a matter of when, not if, and the resulting capital inflows will have substantial impact on Hong Kong’s market, said Helen Zhu, Blackrock’s head of China equities.
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Turkey and Russia the worry in EM resurgence
Turkey and Russia pose the biggest threats to long-term emerging market returns, according to Pictet Asset Management’s Luca Paolini.
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Parmenion doubles up on Japan, raises EM
Parmenion has further decreased its allocation to the US, as recent dollar strength and high valuations outweigh solid economic fundamentals.
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BAML says bond market ‘starting to crack’
Bank of America Merrill Lynch has warned that bond markets are ‘starting to crack’ following the largest weekly outflows from the asset class in 18 months.
