Ashmore is the obvious stock for investors who are looking for exposure to the developing world. While the emerging markets are a riskier prospect than those in the developed world, Ashmore has a wealth of experience that helps it to navigate what can be choppy waters.
From its very beginnings, Ashmore has focused on the emerging markets. It traces its roots back more than two decades to an emerging markets funds business run by ANZ, the Australian banking group. In 1999, Mark Coombs, who was ANZ’s head of global markets, led a management buy-out of the division to create Ashmore. It was listed on the London Stock Exchange in 2006.
The business has made a billionaire of the secretive Mr Coombs, the group’s chief executive,