Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Ashmore Group plc    ASHM   GB00B132NW22

ASHMORE GROUP PLC

(ASHM)
  Report
Delayed Quote. Delayed London Stock Exchange - 11/27 11:35:28 am
428 GBX   -0.19%
11/24Vaccine Hopes Send Record Funds to Emerging Markets
DJ
11/05ASHMORE GROUP PLC : Ex-dividend day for final dividend
FA
10/27ASHMORE : 2020 Pillar III
PU
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Ashmore : sees buying opportunity in EM debt in case of disputed U.S. vote

10/26/2020 | 07:41am EST
Campaign signs for U.S. Democratic presidential candidate Joe Biden and Vice presidential candidate Kamala Harris stand with signs for U.S. President Donald Trump on a hillside in Monroeville, Pennsylvania

LONDON (Reuters) - Ashmore Group is setting aside some money to snap up emerging market local currency debt in a potential sell-off in risk assets in the event of a contested U.S. election result, an executive at the investment manager told Reuters.

Many market participants have been pricing in the chances of victory for Democratic challenger Joe Biden in Nov. 3's election, with many analysts seeing that scenario as generally favourable for emerging markets.

But although Biden leads Republican President Donald Trump in the polls, that gap has narrowed in recent days, while Trump has also refused to commit to a peaceful transfer of power if the vote count indicates he has lost to Biden.

"You want to have some powder dry if that happens," said Gustavo Medeiros, deputy head of research at the emerging markets-focused firm. He did not say how much they set aside.

"If you have a contested election, so two weeks to a month and a half of uncertainty, for sure there's going to be a lot of noise, for sure there's going to be volatility. Most likely you're going to have risk-off playing out and typically risk-off playing out in EM debt."

In a contested outcome, Ashmore may seek to add emerging market FX exposure, while selling the U.S. dollar within its funds, said Medeiros.

"We're returning to an environment where the dollar most likely over the next ten years is going to be for sale," he said. "If that happens, you want to have more local. The place to add in EMD (emerging market debt) is in the local space."

Anticipation of a Democratic sweep - a Biden election win and of his party regaining control of the Senate - have weighed on the dollar as investors bet on a large stimulus package. An index tracking its value against a basket of currencies <=USD> is down around 10% since March.

The prospect of a Biden victory has also weighed on the Russian rouble, as investors anticipate greater friction between Washington and Moscow.

(Reporting by Tom Arnold; editing by Emelia Sithole-Matarise)

By Tom Arnold


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
ASHMORE GROUP PLC -0.19% 428 Delayed Quote.-17.37%
US DOLLAR / RUSSIAN ROUBLE (USD/RUB) 0.16% 75.975 Delayed Quote.22.05%
All news about ASHMORE GROUP PLC
11/24Vaccine Hopes Send Record Funds to Emerging Markets
DJ
11/05ASHMORE GROUP PLC : Ex-dividend day for final dividend
FA
10/27ASHMORE : 2020 Pillar III
PU
10/26ASHMORE : sees buying opportunity in EM debt in case of disputed U.S. vote
RE
10/14LONDON STOCK EXCHANGE : Stronger pound weighs on FTSE 100 as Brexit talks set to..
RE
10/14Stronger pound weighs on FTSE 100 as Brexit talks set to continue
RE
10/14ASHMORE : Assets under management rise for Ashmore in first quarter as market re..
RE
10/14ASHMORE : Q1 aum statement 2020-21
PU
09/29Dollar Regains Appeal in Carry Trades
DJ
09/22ASHMORE : Director/PDMR Shareholding
PU
More news
Financials
Sales 2021 299 M 399 M 399 M
Net income 2021 174 M 231 M 231 M
Net cash 2021 534 M 711 M 711 M
P/E ratio 2021 17,5x
Yield 2021 3,99%
Capitalization 2 809 M 3 744 M 3 740 M
EV / Sales 2021 7,60x
EV / Sales 2022 6,74x
Nbr of Employees 306
Free-Float 66,7%
Chart ASHMORE GROUP PLC
Duration : Period :
Ashmore Group plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ASHMORE GROUP PLC
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 18
Average target price 396,29 GBX
Last Close Price 428,00 GBX
Spread / Highest target 9,81%
Spread / Average Target -7,41%
Spread / Lowest Target -25,2%
EPS Revisions
Managers
NameTitle
Mark Langhorn Coombs Chief Executive Officer & Executive Director
David Jonathan Bennett Chairman
Thomas Adam Shippey Group Finance Director & Executive Director
Anne Pringle Independent Non-Executive Director
Clive Peter Adamson Senior Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
ASHMORE GROUP PLC-17.37%3 744
THE BLACKSTONE GROUP INC.8.21%41 972
LEGAL & GENERAL PLC-15.41%20 615
AMUNDI-2.93%15 981
FRANKLIN RESOURCES, INC.-14.28%11 262
THE CARLYLE GROUP INC.-10.32%10 171