Ashmore moves two funds to monthly distribution

Hong-Kong-1Ashmore Investment Management has moved its Sicav EM Corporate Debt Fund and Sicav EM Asian Corporate Debt Fund from annual to monthly distribution.

The asset manager says the aim is to appeal to investors who want more frequent distribution of income.

While the corporate debt fund invests mainly in emerging market transferable debt securities and other instruments denominated in hard currencies, the Asian corporate debt fund invests mainly in dollar-denominated Asian corporate bonds.

Both funds are open-ended daily dealing Ucits IV funds registered in Luxembourg.

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