Ashmore Group
Dividend yield 6.5% this year
For investors, Ashmore offers a dilemma. The company invests in emerging market debt and other assets. The flow of funds in and out, and the investment performance, has always been volatile. These are sophisticated investments and its clients are mainly large institutions.
The last three months of 2014, the second quarter of its financial year, were difficult, as, indeed, was September. The strength of the dollar meant that the value of debt denominated in emerging market currencies, along with those currencies, fell sharply.
This was probably inevitable and it means that the yields on some of those fixed-income assets are now about or above 6 per cent, and looking attractive if you buy into the whole emerging market