Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Ashmore closes EM inflation-linked bond fund

Ashmore closes EM inflation-linked bond fund

Emerging market specialist Ashmore Group has liquidated its dedicated developing world inflation-linked bond fund, according to our sister publication Citywire Global.

Data on Lipper IM shows the Ashmore SICAV Em Mkts Inflation linked Bond was formally closed on 28 June.

It was launched as a Luxembourg-domiciled vehicle on 21 June 2011 and had been overseen by Ashmore’s investment committee.

The fund had to have at least 80% of its assets invested in inflation-linked bonds from sovereigns, quasi-sovereigns or corporates issuing inflation-linked bonds in local currency.

The Ashmore SICAV Em Mkts Inflation Linked Bond fund had $36 million in assets at the time of closure on 20 June, according to Lipper IM data. The fund had $66.3 million in assets at its height, which was achieved in September 2013.

Ashmore declined to comment on the closure. However, it has been removed from the official list of funds on the group’s website.

The closure of the fund came shortly before Ashmore opted to add an emerging markets short duration strategy to its fund range. This was formally launched at the start of July

The Ashmore SICAV Em Mkts Inflation Linked Bond fund had been registered for sale in Austria, Finland, Germany, Luxembourg, Singapore and Switzerland.

In US dollar terms, the Ashmore SICAV EM Mkts Inflation Linked Bond fund returned 2.25% from launch to the end of May 2014. This is while its benchmark, the Barclays EM Local Curr Govt-10% Country Cap TR GBP, rose 7.79%.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Wealth Manager Retreat 2017: size isn't everything

Wealth Manager Retreat 2017: size isn't everything

We asked our delegates at the Wealth Manager Retreat what they think about the recent wave of consolidation in the industry.

1 Comment Play CIO Tapes - part 3: 'passive funds are anti-capitalist'

CIO Tapes - part 3: 'passive funds are anti-capitalist'

Citywire recently gathered three of the UK's leading fund investment heads to discuss their hopes, fears and the issues that their jobs throw at them daily.

Play CIO Tapes: do investors have it as good as it gets?

CIO Tapes: do investors have it as good as it gets?

Citywire gathered three of the UK's leading fund investment heads to discuss what they fear and what makes them cheer about the year ahead

Read More
Your Business: Cover Star Club

Profile: Rathbone's Newcastle boss on the road to £1bn

Profile: Rathbone's Newcastle boss on the road to £1bn

Starting from zero assets on day one, Rathbone's Newcastle team now looks after just over £400 million in clients money

Wealth Manager on Twitter