Ashmore Investment Management (Ashmore), one of the world’s largest specialist managers of Emerging Markets (EM) debt and equity securities, with assets under management of US$78.5 billion has launched the Ashmore EM Frontier Equity Fund (the Fund).
The Fund was launched on November 5, 2013 and offers both institutional and retail share classes.
Ashmore’s EM Frontier Equity Fund seeks long-term capital appreciation by investing principally in equity securities and equity-related investments of frontier market issuers. The Fund may invest in securities denominated in any currency.
Ted Smith, head of US Intermediary Distribution, Ashmore, said: "Africa, the Middle East and other frontier markets have offered excellent opportunities for investment growth, income, and portfolio diversification for many years. Ashmore has been investing in frontier markets since 1993 and has the global EM research capabilities and local presence to effectively uncover the best opportunities for investors in these markets. Through the Ashmore EM Frontier Equity Fund, US investors can now take advantage of our long-term approach and deep resources to gain access to these frontier market investment opportunities."
Julie Dickson, portfolio manager, Equities at Ashmore: "Investment opportunities in frontier markets continue to evolve. Frontier markets are one of the least understood equity markets in the world – they offer the potential for good value, sustainable, high quality earnings growth and attractive dividends. Furthermore, frontier market equity returns have low correlations to both emerging and developed markets, and have lower volatility. By adding frontier market equities to their portfolios, investors have the opportunity to diversify their risks while accessing new sources of returns and income."
The Ashmore EM Frontier Equity Fund is registered with the US Securities and Exchange Commission (SEC) under the ‘1940 Act’ and will be available through institutional and retail share classes.