Emerging Markets, Emerging Russia, Emerging Views
Brazil is expected to be a major investment destination for global investors over the next decade according to Ashmore Investment Management, the leading specialist emerging markets asset manager. A largely closed economy with strong domestic demand, Brazil has weathered the credit crunch, is a net creditor country lending money to the IMF and should see [...]
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By Julia Bushueva, strategist at Unicredit Securities
Last week’s decision by the Brazilian government to reintroduce a 2% tax on foreign investment in local stocks and bonds in order to prevent bubbles and cool down the market is likely to boost trading in Brazilian ADRs, we believe, but may divert cash to the Russian stock market, [...]
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By Jason Corcoran in Moscow
Emerging markets fund specialist Ashmore Investment Management is expanding its global footprint by opening offices in China and Japan and potentially in Russia.
A source close to Ashmore said it was already recruiting for an operation in China, along with a sales office in Japan. A formal presence in Russia is expected [...]
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