Ashmore describes its eight Emerging Markets asset classes as follows:
External debt: Invests in debt instruments issued by sovereigns and quasi-sovereigns and denominated in foreign currencies.
Local currency: Invests in local currencies and local currency-denominated instruments issued by sovereigns, quasi-sovereigns and companies.
Corporate debt: Invests in debt instruments issued by public and private sector companies.
Blended debt: Invests in external debt, local currency and corporate debt assets, measured against tailor-made blended indices.
Invests in equity and equity-related instruments including global, regional, country, small cap and frontier opportunities.
Invests in private equity, healthcare, infrastructure, special situations, distressed debt and real estate opportunities.
Overlay / liquidity
Separates the currency risk of an underlying asset class in order to manage it effectively and efficiently.