luxembourg portfolio is investing mainly in dollar-denominated emerging market debt
Ashmore Investment Management has launched a Luxembourg Sicav fund investing in emerging market debt. The portfolio buys into debt from sovereign issuers which is denominated in the currencies of G7 countries. In practice this means the majority of exposure is in dollars. The Ashmore Emerging Market Debt Fund has daily dealing in both dollars and euros and the initial size of the portfolio is e28m. Ashmore uses a top approach to investing looking not only at a country's ability to repay its debt but also at political stability and the liquidity of individual markets. Its funds typical...
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