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Ashmore adds sterling class to emerging funds

Ashmore Investment Management has launched sterling share classes for two existing emerging market Luxembourg-domiciled Sicav funds.

Both the Ashmore Emerging Market Debt fund and the Ashmore Local Currency fund are daily dealing emerging market debt sub-funds.

The Ashmore Emerging Market Debt fund invests primarily in dollar denominated debt, and the Local Currency fund holds local currency debt. They now have institutional and retail sterling share classes, as well as in dollars and euros.

In a statement issued today, Ashmore says the new sterling share classes were created in response to growing British client demand. Emerging debt and currencies offer value not seen for a decade, and provide a more balanced risk/return trade-off than equities at this point, the statement says.


Caversham goes into liquidation

London IFA firm Caversham Buchanan entered voluntary liquidation on May 13 and liquidator Asher Miller of David Rubin & Partners was appointed.


Canada Life follows suit on postcode annuities

Canada Life will join Legal & General, Aviva and Prudential in offering postcode annuities by the fourth quarter.Canada Life and Aegon are the only major annuity providers not to price their annuities based on customers’ postcodes.Experts claim that given L&G, Aviva and Prudential control more than 40 per cent of the annuity market, Canada Life […]

Sub-Saharan Africa Near-Term Outlook

By Paul Caruana-Galizia, Neptune Economist

Sub-Saharan Africa’s economic renaissance continues. After growing at an average rate of five per cent over the past decade, the IMF projects an acceleration to 5.5 per cent growth among Sub-Saharan economies in the next two years, as developed economies emerge from the crisis. We expect this growth to be sustainable for three broad reasons.


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