Asset managers Ashmore Group (LSE:ASHM) and Liontrust Asset Management (LSE:LIO) are scheduled to provide trading statements on Friday 14 June against a backdrop of a large shift in investor trends towards fixed income.
Liontrust also reports fresh from gaining approval from its shareholders for the takeover of Swiss rival Gam, setting it up to be completed in the fourth quarter this year.
Gam's board has unanimously recommended the deal, which Liontrust said would lead to cost savings of £57mln.
As for emerging market specialist Ashmore, which runs fixed income and equities among its various strageties, broker Peel Hunt said "there remains scope to be optimistic that a recovery in sentiment towards EM should benefit Ashmore [...] supported by a multi -year bull run in the USD which, as it reverses, should see increasing allocations to areas like EM".
Given the ongoing weakness in EM returns, Ashmore’s share price has lost around 10% over the last three months, down 15% in the year to date, while Liontrust is down over 43%.