Emerging Markets a Game of Patience
Money managers have good dividend yields, but they demand patience
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There's light at the end, but how long's the tunnel? Emerging market specialist fund managers are asking investors to show an awful lot of patience as they wait for a turnaround.
Ashmore this week said pretax profit fell 43 percent in the six months to December from a year earlier. Net revenue was down 24 percent. Assets under management fell 16 percent.