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Ashmore Among Top Funds With Exposure to China’s Evergrande

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Concerns Mount Over Evergrande’s Fate

Some of emerging markets’ biggest investors had significant holdings in the bonds of troubled real estate giant China Evergrande Group, according to their latest filings. 

Ashmore Group Plc, a London-based money manager that specializes in buying emerging-market debt, was one of the biggest holders of the company’s bonds with more than $400 million worth, according to data compiled by Bloomberg based on end of June filings. Rules on how funds disclose their holdings vary in different countries.