|Bid||467.20 x 185800|
|Ask||467.60 x 180300|
|Day's Range||466.40 - 477.60|
|52 Week Range||334.60 - 491.40|
|Beta (3Y Monthly)||1.06|
|PE Ratio (TTM)||23.09|
|Earnings Date||Feb 4, 2019 - Feb 8, 2019|
|Forward Dividend & Yield||0.17 (3.90%)|
|1y Target Est||406.64|
When Mauricio Macri was elected Argentina's president in 2015, he was hailed as a pro-market, pro-reform leader willing to make the difficult policy decisions that would eventually re-right the country's struggling, inflation-wracked economy. One extended currency crisis and the largest IMF programme in history later, and his administration's approach to muddling through market volatility while keeping constituents happy is failing ahead of the all-important presidential election in October. Argentine bond spreads over Treasuries soared nearly 90 basis points, and the yield on a bond due in just two years rocketed to roughly 18 per cent. The much-derided century bond fell to a record low, and the peso tumbled almost 4 per cent against the dollar.
The FTSE 100 added 0.4 percent after hitting its highest since Oct. 4 as a dip in pound boosted blue-chip exporter stocks. The more domestically-focused midcap index built on last week's momentum, when the European Union agreed a second delay to Brexit, and clung to its six-month high with a 0.6 percent rise. Both followed gains in Asia after data showed that new home prices in China grew slightly faster in March after a slow-down the previous month, kindling hopes that Beijing's stimulus measures were having an impact.
” (April 11), on the risks to emerging markets from passive, index-driven investments, may benefit from a bit of context. Your report notes the International Monetary Fund’s warning that an interest rate shock could “trigger an outflow of about $11.5bn”. Based on data from the Bank for International Settlements, the EM fixed income universe now comprises $3.3tn of bonds denominated in non-EM currencies, and $21tn denominated in EM currencies.
Emerging market-focused money manager Ashmore said total assets jumped 11.2 percent in its third quarter, boosted by new client money and market gains, sending its shares higher. The quarter marked a strong bounce back for Ashmore after a subdued end to 2018 as market volatility dulled investor sentiment. Ashmore said total assets at the end of March were $85.3 billion (£65.2 billion), up from the prior quarter's $76.7 billion, after net inflows of $5 billion and positive investment performance of $3.6 billion.
According to Amundi SA, $100 billion was withdrawn from European mutual funds in the fourth quarter alone. Ashmore Group Plc grew assets under management by 10 percent in 2018, figures released on Thursday showed, reinforcing the argument that in an industry facing such strong headwinds, it pays to be a specialist. Ashmore’s focus on emerging markets, specifically fixed income, helped its shares outpace those of its competitors, especially in the final three months of last year when the wider equity market took a battering.
Ashmore's shares slumped on Thursday as the chief executive and majority owner of the emerging markets-focused fund manager revealed plans to sell down his stake, overshadowing a rise in assets under management. Mark Coombs, who owns around 39 percent of the London-listed fund manager's shares, said he would look to reduce his stake to a "more appropriate level" over the medium term by selling up to 4 percent a year into the market.
LONDON (Reuters) - British emerging markets-focused asset manager Ashmore (ASHM.L) on Tuesday said net inflows of new client money more than offset weaker markets in the three months to end-December, taking ...
Shares of Ashmore, which manages about $76 billion in emerging markets, have been on something of a tear recently: On Wednesday, they completed eight consecutive days of gains, their longest winning streak since February 2017.
By Simon Jessop LONDON (Reuters) - Emerging markets-focused fund manager Ashmore (ASHM.L) said assets under management rose 3 percent in its first quarter, boosted by inflows of client cash, market gains ...
By Julien Ponthus and Danilo Masoni LONDON (Reuters) - The UK's blue-chip index fell on Friday as investors awaited news on whether the United States would impose new tariffs on Chinese imports while a ...
Emerging markets-focused asset manager Ashmore (ASHM.L) said clients are still looking to allocate money to its funds despite a sharp sell-off in many markets over recent weeks. Fears a trade spat between the United States and China could escalate plus economic problems in Turkey and Argentina have pushed a broad gauge of emerging market stocks (.MSCIEF) to a 14-month low. Weakening market sentiment has yet to translate to outflows, however, and Ashmore said the trend established in its fourth quarter has since continued, as it reported full-year results that beat some expectations.
Emerging markets-focused asset manager Ashmore (ASHM.L) said on Friday it was in the process of setting up an Irish subsidiary to ensure it could continue to serve clients after Britain leaves the European Union. Many UK-based asset managers and other financial services firms are setting up offices elsewhere in the EU as part of preparing for Brexit, with Dublin vying with Luxembourg, Paris and Frankfurt for business. Ashmore was in the process of finding premises and the office would likely be staffed by a mix of local hires and, potentially, some secondees from London, he said, numbering between 5 and 10 employees.
By Julien Ponthus LONDON (Reuters) - British shares dipped on Monday as the Turkish currency crisis continued to rattle global markets while a possible 1.17 billion pound bid for esure sent shares in the ...