Ashmore, managing €5.1 billion in short duration emerging markets debt, has created a Luxembourg based Ucits IV-compliant Sicav fund labelled the “Ashmore Emerging Markets Short Duration Fund”.
This allows Alexis De Mones, portfolio manager at Ashmore, to invest in short-term emerging market debt securities and in other tools in 8 different currencies (Dollar and G7 currencies) in the aim of preserving a weighted average portfolio.
The fund creates natural income generation from coupons and, through regular monthly dividend distributions, matures bonds paid out to investors offering the investors the ability to obtain a stable income generation with decreased changeability than traditional debt portfolios. It offers a higher average credit quality than short-term Euopean or US portfolios and permits investors to maintain the average duration low; it will be available in different currencies through both retail and institutional share classes.
