'Emerging' Markets pioneers
Ashmore’s history goes back over three decades. We were one of the first investment management firms to offer investors direct access to a broad group of emerging economies and today we continue to innovate. We pioneered investment in Emerging Markets at a time when the so-called ‘Third World’ countries were considered by many to be unusual and risky. We believed strongly then in the potential of ‘Emerging’ Markets and we continue to believe in their importance as a major asset class.
Ashmore acquires a majority stake in Avenida Capital, Colombian Real Estate manager (renamed as AshmoreAVENIDA).
Ashmore Group opens an office in Lima, Peru.
Ashmore Saudi Arabia launches its first equity funds: Ashmore Saudi Equity Fund, Ashmore GCC Equity Fund and Ashmore IPO Fund.
Ashmore opens an office in Riyadh, Saudi Arabia
Ashmore becomes the first investment manager outside Greater China to be awarded an RMB Qualified Foreign Institutional Investor (’RQFII’) licence by the China Securities Regulatory Commission.
Ashmore becomes a signatory of the UNPRI.
Ashmore Group opens an office in Jakarta, Indonesia.
Ashmore completes acquisition of Emerging Markets Management L.L.C. (a dedicated Emerging Markets Equities manager).
Ashmore opens Japan distribution office with discretionary investment management licence.
Ashmore opens offices in Japan and China.
Ashmore launches US 40-Act mutual funds with 5 debt funds.
China Securities Regulatory Commission grants Ashmore a Qualified Foreign Institutional Investor (’QFII’) licence.
Ashmore opens an investment management subsidiary in Bogota, Colombia
Ashmore opens an office in Mumbai, India.
Ashmore re-locates its Asia-Pacific office from Hong Kong to Singapore.
Ashmore launches Ashmore Global Opportunities Limited (‘AGOL’), a closed ended London Stock Exchange listed fund focusing primarily on Emerging Markets special situations and a dedicated Emerging Markets corporate high yield fund.
Ashmore Group plc, the parent company, lists its shares on the London Stock Exchange and enters FTSE 250.
Ashmore opens a representative office in Istanbul, Turkey.
Ashmore launches a principal protected Emerging Markets debt product in collaboration with a major international investment bank.
Ashmore launches first SICAV fund for European investors, the Ashmore Emerging Market Debt Fund ('EMDF').
Ashmore begins managing Emerging Markets public equities with the launch of the Ashmore Emerging Economy Portfolio (‘AEEP’).
Buyout of ANZ Emerging Markets Fund Management Limited completed and company renamed Ashmore Investment Management Limited with majority ownership by its employees.
Ashmore U.S. representative office established
Senior management sought and undertook a management buyout of ANZ Emerging Markets Fund Management Limited and its assets under management.
Local Currency Debt Portfolio (‘LCD’) established as one of the first available funds to invest in local currency and local currency debt in Emerging Markets. ANZ Emerging Markets Fund Management Limited established as a separate subsidiary of ANZ.
Emerging Markets Liquid Investment Portfolio (‘EMLIP’) established as one of the first available Emerging Markets debt investment funds. The fund is managed by the newly formed Fund Management division of ANZ's Emerging Markets team.
Australia & New Zealand Banking Group (‘ANZ’) acquires Grindlay's Bank and becomes a leader in proprietary Emerging Markets debt trading, sovereign and corporate debt restructuring.
Mexican crisis. Bank lending to Latin America dries up; sovereign debt becomes distressed.