Ashmore Emerging Markets Equity Ex China Fund (EMXCX)

Overview

The fund detailed in the description focuses on investment strategies within the emerging markets sector, excluding China. This indicates a targeted approach towards regions that are considered to have high growth potential but are not within the Chinese market. The fund's strategy involves investing primarily in equity securities and equity-related investments, which could include stocks, bonds that can be converted into stocks, or other financial instruments related to company ownership. The mention of investing in securities denominated in any currency, including the local currency of the issuer, highlights the global nature of the fund's investments and its flexibility in managing currency risk. The utilization of derivative instruments and related strategies to gain exposure to various issuers or assets further underscores the fund's proactive approach to managing its investment portfolio and achieving its objectives. These derivatives could include options, futures, or swaps that the fund could use to hedge its investments, speculate on future price movements, or gain exposure to certain assets without having to directly purchase them.

Products and Services

• Equity Securities Investments

This refers to the fund's core investment in stocks or shares that represent ownership interest in emerging market issuers. By investing in equity securities, the fund aims to benefit from capital appreciation from these issuers while excluding those located in China.

• Equity-Related Investments

Includes investments in financial instruments related to equity or company ownership such as convertible bonds, which can be converted into a specified number of shares of the issuing company, typically at the discretion of the bondholder. This allows the fund to participate in the equity upside of companies while possibly mitigating some risks associated with direct stock investments.

• Derivative Instruments and Related Strategies

The use of derivatives like options, futures, or swaps enables the fund to implement various strategies for hedging, speculation, or gaining exposure to specific assets or issuers without direct investment. It's a way for the fund to enhance its returns, manage risks, or both, depending on the market conditions and the direction the fund's adviser anticipates the market to move.

• Investment in Multiple Currencies

This strategy involves the fund investing in securities that may be denominated in various currencies, including the local currency of the issuer. By not limiting its investments to a single currency, the fund can diversify its currency risk and potentially benefit from currency fluctuations, in addition to the underlying investment's performance.