Company
Ashmore Group
LON:ASHM
Ashmore Investment Management Limited is one of the world's leading investment managers dedicated to emerging markets with a history of consistently outperforming the market. Ashmore focuses on a number of investment themes including dollar debt, local currency, special situations (incorporating distressed debt and private equity) corporate high yield and equity.
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Investments and investor services
FTSE 100 recedes; Gold notches record; US non-farm payrolls undershoot
London's blue chips fell from record territory on Friday
Investments and investor services
Ashmore reports decline in AuM as investors reduce exposure
Investor risk appetite "remains limited in the near term and Ashmore's AuM movement this quarter reflects the impact of lower market levels and investors continuing to reduce risk”, said chief executive Mark Coombs
Investments and investor services
Ashmore profits tumble but shares jump on improving emerging markets outlook
The investment manager is optimistic about emerging markets, saying "risk appetite will improve as some of the recent macro headwinds abate"
Investments and investor services
China's Evergrande delays results, US$2bn seized
The world's most indebted property developer revealed that lenders have claimed more than US$2bln in cash from a subsidiary
Evergrande teeters further as default worries ripple across markets
China Evergrande Group has bank loan payments due today and is scheduled to make bond repayments on Thursday
Investors brace for fallout as China's Evergrande warns of 'tremendous pressure' on cashflow
Overseas investors own US$7.4bn of its US-denominated debt, with backers including Ashmore Group, Allianz and BlackRock
Investments and investor services
Ashmore Group sees 'attractive valuations' in emerging markets
The fund manager said the current economic environment provides attractive opportunities for investors to increase allocations with heavily discounted equity valuations in emerging markets
Investments and investor services
Ashmore sees funds fall as inflation concerns knock bonds
The absolute performance was negative in the fixed income investment themes and positive in equities
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FTSE 100 holds up; London set for exceptional weekend with restaurants fully booked
London's leading index advanced 36 points to 7,020
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Busy week to end with Ashmore update, data flurry from China
Friday's releases will give an overview on how emerging markets are doing
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Ashmore overstretched, sector premium has gone too far, says broker
Analysts at Shore Capital said they thought the risk/reward profile for the investment manager's current share price was "unfavourable"
Asian countries to dominate emerging markets even amid COVID-19 volatility
Emerging markets have outperformed developed markets during the pandemic and are poised for further growth
Investments and investor services
Ashmore profits jump as emerging markets bounce back from coronavirus
“Subject to the evolution of the COVID-19 pandemic, the overall picture therefore supports continued superior growth by emerging countries"
Investments and investor services
Ashmore sees more outflows despite continued emerging markets fund outperformance
Assets under management increased by US$7.5bn to US$93bn in the three months to end-December
Investments and investor services
Ashmore assets accumulate as markets offset outflows
AUM increased by 2.3% to US$85.5bn over the past quarter, following a 9% reduction in the previous 12-month period
Investments and investor services
Ashmore maintains final dividend, says emerging markets still offer good value
Performance of the group’s funds was impacted by the fall in global markets in its third quarter, but the investment manager said its processes generated “significant alpha” in the recovery
Investments and investor services
FTSE 100 ends the week on higher note despite subdued trading
The UK's top share index finished the day ahead by over 28 points at 6,032, aided by the weaker sterling, which shed 0.24% against the US dollar
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Macroeconomics to be Friday's focus, with UK GDP growth and US CPI inflation numbers on tap
On the corporate front, Ashmore Group’s full-year results may be of extra interest for investors with an interest in emerging markets
Investments and investor services
Ashmore sees opportunities as emerging markets trade at unwarranted discount
"It is increasingly apparent that the emerging markets in aggregate are less likely to suffer a recession as severe as that in the developed world," said CEO Mark Coombs
Ashmore and Man Group downgraded as fund underperformance expected to hit client flows
In the UK, the analysts like platform businesses such as Hargreaves Lansdown and St James's Place
Investments and investor services
Ashmore downgraded to ‘underweight’ by JP Morgan over exposure on risky emerging markets
Analysts expect Ashmore to continue posting negative quarterly results, after the three months to March saw a US$3.6bn outflows
Investments and investor services
Ashmore's emerging market assets plunge 22% in Q1 amid coronavirus sell-off
With Ashmore funds generally underperforming falling benchmarks in the period analysts at Shore Capital said the investment performance was “materially worse than we had expected”
Investments and investor services
Ashmore profits surge on strong inflows as emerging markets rally
Even though emerging markets have been volatile, returns have remained good
Investments and investor services
Ashmore assets ascend, argues emerging markets outlook "positive"
There is a "significant relative value and the diversity of investment opportunities" in emerging markets, said chief executive Mark Coombs
Investments and investor services
Ashmore attracts net inflows but US dollar weighs on returns
A stronger US dollar affected local currency and equity returns, while the US Treasury rally supported external debt pricing
Investments and investor services
Ashmore says emerging markets valuations “highly attractive” but US policy casts shadow
“The main risks relate to the US and the impact that its confrontational trade policy and slowing domestic growth will have on the broader global economy”
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FTSE 100 closes higher but stocks are subdued after mixed US jobs report
The UK's premier share index closed 11.17 points higher, at 7,282.34. Over the week as a whole, a busy one if you like UK political drama, it added 1.04%
Builders and building materials
US non-farm payrolls to dominate quiet Friday in London
The jobs report comes with investors anticipating a Federal Reserve rate cut in September of 25 basis points
Ashmore delivers strong growth in assets under management
Global market conditions improved through the quarter as US/China trade tensions eased, central banks in Europe and the US turned more dovish and the US dollar weakened.
Investments and investor services
FTSE 100 closes lower Friday after lacklustre week
The FTSE 250 went the other way and gained over 87 points on Friday
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Gym Group set to flex its muscles again with strong trading update
Analysts at Liberum expect Gym Group to benefit from the rising popularity of low-cost gyms as more consumers tighten the purse strings and make healthier choices
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Barratt Developments and Bovis Homes to provide main building bricks in coming week
Aside from the two housebuilders, corporate updates in the coming week will also be delivered by retailers Ocado, Superdry and Dunelm
Investments and investor services
Ashmore shares gain as it makes strong start to 2019 after tough end to 2018
"Client activity levels picked up through the quarter following a slight pause at the end of 2018,” said chief executive Mark Coombs
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FTSE 100 ahead at the close as investor appetite returns
The premier UK share index finished around 33 points higher at 7,469
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Jobs, earnings numbers to kick off a big few days for UK data as Brexit economic impacts eyed
Aside from the UK data, investors will have trading updates from bluechip miner Rio Tinto, mid-cap staffing group Hays, and trackies to trainers retailer JD Sports Fashion to digest
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Hot cross buns will be wanted but there is still plenty to digest in the week before Easter
There will be plethora of UK data - jobs, inflation, and retail sales - plus corporate updates from the likes of Unilever, BHP Rio Tinto, Bunzl and Rentokil Initial
Investments and investor services
Ashmore Group's billionaire founder unveils stake sale plan
Sales by Mark Coombs will be limited to a maximum of 4% of his stake each year
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FTSE 100 closes a tad higher but sentiment dented by US data
FTSE 100 closed up just over six points at 7,197, while FTSE 250 shed over 74 at 18,898
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Drug firms AstraZeneca and Indivior to be in spotlight on Thursday
AstraZeneca, Indivior and Coca-Cola HBC are among the higher profile names in the schedule for Thursday.
Investments and investor services
Ashmore downgraded to ‘Neutral’ by UBS as risk/reward profile balances out
In a note, analysts said the FTSE 250 asset manager had been a “standout” among its European counterparts since the end of 2017, however, if the valuation was going to be driven higher it would require “a sharp uptick in inflows”
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Blue-chip corporate update mill to continue to grind, with RBS and AstraZenca to the fore
Aside from all the company news, the Week Ahead also brings the latest UK inflation and GDP growth data for investors to digest, while the Brexit saga will continue to roll on
Frontier Developments revenues boosted by launch of Jurassic World Evolution video game
The company expects to report revenue of £64mln for the six months to November 30, compared to £19mln a year ago
Investments and investor services
Ashmore shares in the red as investment performance hit by weaker market conditions
Ashmore said the effect of tax-related stimulus on the US economy and its support for the US dollar started to fade towards the year end
Investments and investor services
FTSE 100 closes higher as attention focuses on House of Commons vote
FTSE 100 closed 40 points higher at 6,895, while the mid-cap FTSE 250 closed around 12 up at 18,429.
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Persimmon and Boohoo will be in focus but Tuesday will be about Brexit
Parliament will finally vote on Theresa May's Brexit agreement, but, before that, Persimmon, BooHoo, Hays and Games Workshop will have announcements for the market.
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Brexit, UK inflation the main focus but retail and housebuilder updates continue to flow
Aside from the Brexit merry-go-round, the Week Ahead will bring UK inflation and retail sales numbers, plus updates from the likes of AB Foods, Persimmon, Bovis Homes, and Whitbread
Funding Circle shares plunge to fresh low on reports of Citigroup downgrade to ‘sell’
In early afternoon trading, Funding Circle shares – which are due to join the FTSE 250 index from the start of trading next Monday – had dropped by 23.5% to 247.65p, well below its 440p float price
Schroders posts increase in third quarter assets, led by institutional demand
The recent performance of assets managers has been mixed as Brexit uncertainty and concerns global trade and political tensions weigh on investor sentiment
Investments and investor services
US elections to create buying opportunities for emerging markets asset manager Ashmore
Volatility in emerging markets helped Ashmore grow its assets under management last quarter, something it hopes to be able to repeat in the final few months of the year
FTSE 100 ends up in the red as Wall Street rally muted, despite bank earnings
The footsie closed Friday down around 11 points, or 0.16%, to 6,995.
Investments and investor services
Macro matters will be in focus on otherwise low-key Friday
It is looking like a quiet Friday, though most traders will not be looking at single-stock stories.
Investments and investor services
Ashmore shares gain as it reports 26% rise in 2018 assets under management
"Ashmore has delivered a strong operating performance over the financial year,” said chief executive Mark Coombs
FTSE 100 takes a dive again; miners bear brunt
FTSE 100 finished down around 41 points or 0.56%, at 7,277 as its poor run continues
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Greene King and house prices to take spotlight on quiet Friday
The FTSE 250 pub chain will be hoping to capitalise on strong initial trading in its new financial year, boosted by the world cup and the UK's sweltering summer
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Housebuilders to be in focus as Autumn kicks off with a welter of sector updates
Aside from the housebuilders, the week head will also see updates from advertising giant WPP, electricals retailer Dixons Carphone, and transport operator Go-Ahead Group
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Hays to report another quarter of growth, wrapping up positive week for recruiters
The day ahead includes trading updates from Hays and Experian
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High street vs online: Updates from retailers Mark & Spencer and ASOS will provide fuel
Aside from M&S and ASOS, the week ahead will also bring trading updates from the likes of Ocado, Burberry, Barratt Development, Experian, and JD Wetherspoon
Investments and investor services
HSBC upgrades Ashmore but cautions on investor sentiment slowdown in emerging markets
The bank also forecast a 7-basis point reduction in the firm’s margins, above the consensus forecast of 5-basis points
Investments and investor services
Ashmore has a strong fund performance track record, says Barclays
Barclays has upgraded its recommendation on Ashmore but downgraded Jupiter in a note to investors on European asset managers
Investments and investor services
Numis upgrades Ashmore to ‘hold’ after better-than-expected assets under management and net inflows
Numis says they consider Ashmore a long-term sector holding but still see potential headwinds: ongoing revenue margin pressures and uncertainty of future flows
Investments and investor services
Ashmore shares jump as it reports 10% growth in third quarter assets
Ashmore achieved the strongest quarter of net inflows since June 2013
FTSE 100 closes higher as Wall Street surges; sterling eases
FTSE 100 closed higher, as did it mid-cap cousin, FTSE 250
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Wage growth could be trigger point for Bank of England interest rate hike in May
Day ahead includes the latest UK employment and average earnings data, plus trading updates from Primark owner Associated British Foods and fellow retailer JD Sports
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High street issues to the fore as Debenhams, JD Sports, and Primark owner AB Foods provide updates
Week Ahead includes trading statements from Primark owner Associated British Foods, Debenhams, and JD Sports, plus Q1 numbers from Unilever, Reckitt Benckiser and Rentokil Initial
Investments and investor services
FTSE 100 closes firmly lower as strong pound weighs
The FTSE 100 index – which is chock full of dollar earners – closed around 108 points lower at 7,170
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Smith & Nephew, Bellway and Compass to provide Thursday’s City highlights
Smith & Nephew, Bellway Plc and Compass are on the Thursday's agenda.
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Bank of England rate decision eyed, plus numbers from blue chips BP and Glaxo in coming week
After November's hike, another UK rate rise is unlikely this month, although some Bank of England MPC members may vote for a rise after a unanimous vote in December
Investments and investor services
FTSE 100 closes lower as miners prove a drag
London’s blue-chip benchmark closed around 13 points lower on the day at 7,755
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UK inflation may tick lower in December; retailers' Christmas updates continue to flow
Day ahead includes latest UK inflation data, plus trading updates from retailers Dunelm PLC, Greggs PLC, and JD Sports Fashion PLC, as well as Johnson Matthey PLC