Ashmore and Goldman unveil emerging market debt product
Ashmore Investment Management and Goldman Sachs have launched an emerging market debt structured product that uses a new kind of principal protection technology. Ashmore, a well-known emerging market debt manager based in London, is managing the underlying portfolio.
“From Ashmore’s point-of-view, this is a great way to raise assets from new investors,” says Booth.
So far, Goldman and Ashmore have sold $500 million of the new product mainly to Asian clients, insurance companies and institutional investors. Booth expects to sell more to investors who have avoided emerging market debt or have had a small allocation to the asset class in the past. These investors could be attracted by the principal protected format, which will guard them from market volatility.
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