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Ashmore Group PLC Add to portfolio

LON250:ASHM, Jul 18, 08:55 UTC

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Friday, July 13


Social Chatter

Ashmore Group PLC (LON250:ASHM) social chatter is higher than usual

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Stocks to watch: Ashmore, Next, Dunelm, Diageo, Micro Focus https://t.co/Fs80TvpMq6
News

Inflows buoy Ashmore despite emerging market trade tremors

ASHM

(Reuters) - Shares in emerging markets-focused fund manager Ashmore Group (ASHM.L) rose on Friday after the firm said it continued to take in money from clients in April-June despite tough market conditions as trade tensions escalated. London-based Ashmore said its assets fell 3 percent to $73.9 billion in the three months through June, its fourth quarter, as fears of a global trade war hit markets, compounded by a rise in the value of the dollar and a weakening euro. But while U.S. President Donald Trump's increasingly sharp trade rhetoric contributed to investment losses of $5.2 billion, Ashmore said it still took in $2.6 billion in new client money. In response, shares in Ashmore were up 2.6 percent at 359.8 pence a share at 0756 GMT, but remain down 11.1 percent in the year to date, against a 1 percent rise in the FTSE midcap index .FTMC over the same period. "With EM valuations at depressed levels, while it is difficult to call the bottom, we see the prospects of Ashmore outperforming when sentiment improves," he added, increasing his recommendation to 'Buy' from 'Add'. Ashmore's local currency and blended debt investments were particularly affected by weakness in the foreign exchange markets, and all investment themes bar alternatives lost money, it said.

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Ashmore Q4 assets hit as weak returns offset net inflows

ASHM

* CEO says valuations attractive after sell-off (Adds detail from statement, bullet points, CEO quote). Emerging market returns have been hit by a stronger dollar, weaker euro, political uncertainty in the developed world and concerns about rising trade tensions, although it had not stopped investors from buying in, the London-based firm said. Investment losses of $5.2 billion more than offset net inflows of $2.6 billion, it said, with performance negative across all of its investment themes except alternatives as market returns suffered. Ashmore's local currency and blended debt investments were particularly affected by weakness in the foreign exchange markets, it said. Trade tensions escalated sharply this week after U.S. President Donald Trump said he would slap 10 percent tariffs on an extra $200 billion worth of Chinese imports. Ashmore Chief Executive Mark Coombs, however, said he was confident of a market rebound, led by improving economic fundamentals in many emerging economies.

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Sunday, July 08


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Vale S A (VALE) Market Valuation Declined While Ashmore Group Plc Has Raised by $5.21 Million Its Holding

ASHM

The institutional investor held 1.53M shares of the precious metals company at the end of 2018Q1, valued at $19.43M, up from 1.09M at the end of the previous reported quarter. Ashmore Group Plc who had been investing in Vale S A for a number of months, seems to be bullish on the $67.23B market cap company. The stock increased 2.76% or $0.35 during the last trading session, reaching $13.03. Vale S.A. (NYSE:VALE) has risen 69.29% since July 8, 2017 and is uptrending. It has outperformed by 56.72% the S&P500. Ashmore Group Plc, which manages about $202.06M US Long portfolio, decreased its stake in Alibaba Group Hldg Ltd (NYSE:BABA) by 69,462 shares to 213,276 shares, valued at $39.14M in 2018Q1, according to the filing.

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Sunday, June 17


In The News

Ashmore Group PLC (LON250:ASHM) article volume is higher than usual

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What's Next for ASHMORE GROUP PLC ORDINARY SHARES UNITE (OTCMKTS:AJMPF) After Having Less Shares Shorted? view top sourcebeta

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Saturday, June 16


In The News

Ashmore Group PLC (LON250:ASHM) article volume is higher than usual

ASHM
Vale S A (VALE) Stock Value Declined While Ashmore Group Plc Has Upped Position by $5.21 Million view top sourcebeta

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presstelegraph.com
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Ashmore Group Plc Decreased Holding in Hdfc Bank LTD (HDB) by $17.71 Million as Valuation Declined

ASHM

June 16, 2018 - By Joseph Arnett. Ashmore Group Plc decreased its stake in Hdfc Bank Ltd (HDB) by 64.76% based on its latest 2018Q1 regulatory filing with the SEC. Ashmore Group Plc sold 180,736 shares as the company’s stock declined 3.14% with the market. The institutional investor held 98,348 shares of the commercial banks company at the end of 2018Q1, valued at $9.71 million, down from 279,084 at the end of the previous reported quarter. Ashmore Group Plc who had been investing in Hdfc Bank Ltd for a number of months, seems to be less bullish one the $77.03B market cap company. More news for HDFC Bank Limited (NYSE:HDB) were recently published by: Nasdaq.com, which released: “New Research: Key Drivers of Growth for Klondex Mines, Sogou Inc., Nokia, HDFC Bank, Crescent Point Energy, and …” on June 08, 2018. Get the Next Big Winner in your inbox Before the Bell. Ashmore Group Plc Has Lowered Stake in Hdfc Bank LTD (HDB) by $17.71 Million.

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Hdfc Bank LTD (HDB) Share Price Declined While Ashmore Group Plc Lowered Its Holding by $17.71 Million

ASHM

June 16, 2018 - By Linda Rogers. Ashmore Group Plc decreased its stake in Hdfc Bank Ltd (HDB) by 64.76% based on its latest 2018Q1 regulatory filing with the SEC. Ashmore Group Plc sold 180,736 shares as the company’s stock declined 3.14% with the market. The institutional investor held 98,348 shares of the commercial banks company at the end of 2018Q1, valued at $9.71M, down from 279,084 at the end of the previous reported quarter. Ashmore Group Plc who had been investing in Hdfc Bank Ltd for a number of months, seems to be less bullish one the $77.03B market cap company. More news for HDFC Bank Limited (NYSE:HDB) were recently published by: Nasdaq.com, which released: “New Research: Key Drivers of Growth for Klondex Mines, Sogou Inc., Nokia, HDFC Bank, Crescent Point Energy, and …” on June 08, 2018. By1 Linda Rogers. As Hdfc Bank LTD (HDB) Share Price Declined, Ashmore Group Plc Has Lowered Its Position by $17.71 Million.

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Ashmore Group Plc Decreased Holding in Hdfc Bank LTD (HDB) by $17.71 Million as Valuation Declined

ASHM

June 16, 2018 - By Louis Casey. Ashmore Group Plc decreased its stake in Hdfc Bank Ltd (HDB) by 64.76% based on its latest 2018Q1 regulatory filing with the SEC. Ashmore Group Plc sold 180,736 shares as the company’s stock declined 3.14% with the market. The institutional investor held 98,348 shares of the commercial banks company at the end of 2018Q1, valued at $9.71 million, down from 279,084 at the end of the previous reported quarter. Ashmore Group Plc who had been investing in Hdfc Bank Ltd for a number of months, seems to be less bullish one the $77.03B market cap company. More news for HDFC Bank Limited (NYSE:HDB) were recently published by: Nasdaq.com, which released: “New Research: Key Drivers of Growth for Klondex Mines, Sogou Inc., Nokia, HDFC Bank, Crescent Point Energy, and …” on June 08, 2018. Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter:. Ashmore Group Plc Decreased Holding in Hdfc Bank LTD (HDB) by $17.71 Million as Valuation Declined.

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Vale S A (VALE) Stock Value Declined While Ashmore Group Plc Has Upped Position by $5.21 Million

ASHM

The institutional investor held 1.53M shares of the precious metals company at the end of 2018Q1, valued at $19.43M, up from 1.09M at the end of the previous reported quarter. Ashmore Group Plc who had been investing in Vale S A for a number of months, seems to be bullish on the $65.76B market cap company. It has outperformed by 56.72% the S&P500. Ashmore Group Plc, which manages about $202.06M US Long portfolio, decreased its stake in Cemex Sab De Cv (NYSE:CX) by 2.25 million shares to 511,700 shares, valued at $3.39 million in 2018Q1, according to the filing. It also reduced its holding in Grupo Supervielle S A by 112,100 shares in the quarter, leaving it with 396,502 shares, and cut its stake in Yum China Hldgs In. More recent Vale S.A. (NYSE:VALE) news were published by: Mining.com which released: “Trump trade war blows up big week for mining majors” on June 15, 2018.

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