An emerging debt fund run by investment manager Ashmore Group loaded with securities from troubled Argentina, Lebanon and Ecuador has been hit by net investor outflows of more than $1 billion since August, according to Morningstar data.
Net returns of the Ashmore SICAV Emerging Markets Short Duration Fund, which has net assets of $5.1 billion, are down 20.3 percent in the year to date, compared to a 3.5 percent loss for the benchmark JPMorgan EMBI Global index, Refinitiv data shows.
$318 million left in three months
anti-government protesters chant slogans during a demonstration, in front of the Central Bank, in Beirut, Lebanon. (File Photo: AP)