Displaying items by tag: ashmore
Emerging markets have had a rough year, with a bear market taking hold. An “all clear” or false bottom has been called a number of times, which means investors need to be very wary of piling in. That said, an interesting signal is showing that emerging markets may be in for a turnaround. London-based Ashmore plc is a major asset manager focused on emerging markets, managing $76 bn in the asset class. Their shares are a bellwether for where EM assets may be headed. And lately, Ashmore has been doing very well. The shares are still down for the year, but rose for eight straight days through Wednesday, their longest winning streak since February.
FINSUM: This could be a sign that the tide is turning. As further evidence, the gains seen in Ashmore shares were not experienced by other asset managers, showing there is a clear differentiation.