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Ashmore thrives as investors start betting on a rally
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15 October 2009
The biggest gains in assets came in currencies and corporate high-yield bonds, with notable strength in currency hedging.
It said performance had been strong across all the areas in which it invests, with the exception of special situations, where it said: "valuation uplifts have lagged listed markets as is usual emerging from stress events."
It suggested that this would change as more activity is taking place across capital markets, which tends to lead to revaluations of such companies.
Ashmore said trading conditions remained in line with management expectations and it is "confident of its prospects for the current year".
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