Image source: Getty Images
Ashmore Group‘s (LSE:ASHM) a relatively unknown income stock that tends to keep a low profile. In 2024, it only made 20 stock exchange announcements. If the mandatory releases about shareholdings in the company — and changes in directors — are removed, the number falls to nine. It really does fly under the radar.
What does it do?
The company makes its money by charging fees for managing investments in over 70 emerging markets. Of the assets it looks after — mainly equities and fixed income securities — 96% come from what are described as “institutions”. These include central banks and pension funds.
Ashmore claims these markets have better growth potential than more developed ones. In 2025, these economies are expected to have a 2.6% higher growth rate. The company argues that the world’s estimated $100trn of assets are underweight in emerging markets. It claims the…
