Investment manager Ashmore raised more than US$400 million for its emerging market (EM) fixed maturity bond (FMB) strategy from HNWIs in Asia earlier this year, in what is the latest example of Asian private banking clients’ seemingly insatiable demand for FMB funds. The strategy, named Ashmore SICAV 2 Emerging Markets Debt Fixed Maturity Fund, closed for new subscriptions at the end…
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