Half Year Results 

Ashmore hopes to gain from a less hawkish Fed

Ashmore hopes to gain from a less hawkish Fed

Slowing US economic growth and a less aggressive tone from the Federal Reserve could engineer a change in fortunes for emerging markets (EM) this year, says Ashmore (ASHM) chief financial officer Tom Shippey. More bullish sentiment towards developed markets and the ongoing US/China trade spat detracted from emerging markets during the latter half of 2018, and while the EM specialist may have gained $2.4bn (£1.88bn) in net inflows, that was below the $7.9bn attracted during the first half of FY2018.

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