, Columnist
That Emerging Markets Rally Might Finally Be Real
Shares of Ashmore, a key barometer of investor sentiment toward the asset class, have been on a tear.
Shoppers are out in downtown São Paulo.
Photographer: Patrcia Monteiro/Bloomberg
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Want to know whether the much-heralded rally in emerging markets will arrive in 2019? Check out the recent share price performance of Ashmore Group Plc, one of the best-known fund managers specializing in the asset class.
Shares of Ashmore, which manages about $76 billion in emerging markets, have been on something of a tear recently: On Wednesday, they completed eight consecutive days of gains, their longest winning streak since February 2017. They gave up some of that advance on Thursday.