Ashmore launches sterling share class for Emerging Debt Sicavs

The Ashmore Sicav Emerging Market Debt fund (EMDF), which launched in January 2003, invests primarily in dollar-denominated debt, while the Ashmore Sicav Local Currency fund (LCF), launched in August 2006, mostly holds local currency debt. Both sub-funds are daily-dealing and now have retail and institutional share classes in sterling, as well as in dollars and euros. Gross annualised returns for the EMDF to the end of April 2009 stood at 11.9%, while the LCF returned 3.6%. The fund strategies are similar to those for older monthly-dealing Guernsey funds, such as the Ashmore Emerging ...