Economics
One of the Biggest Emerging-Market Bulls Turns on Russia
- New sanctions may be even more damaging, Ashmore’s Dehn Says
- Mueller probe in U.S. underlines ‘slow-moving train wreck’
This article is for subscribers only.
Long-time Russia investor Ashmore Group Plc is joining the bears.
The emerging-market specialist with $76 billion has grown more pessimistic on Russian assets because of their indefinite exposure to U.S. sanctions. That’s driving the money manager to gradually trim its holdings in a capitulation atypical for a firm that braved sell-offs in previous years.