Frontier Markets: Case studies, cycle positioning, and potential actionable steps for diversified portfolios.
Join us for an insightful discussion on how Frontier Fixed Income and Equities can play a strategic role in diversified portfolios, why we think now is a compelling moment to allocate across asset classes, and our take away practical guidance on the possibility of positioning through the current cycle.
Tuesday, 28th October 2025
12pm EST | 4pm GMT | 5pm CET
In this webinar, we’ll explore the potential of:
• The structural hallmarks of FM: high return potential, low correlations, and powerful diversification
• Fixed Income vs. Equity in FM: universe differences and how opportunity sets can shift across the cycle within the same country
• Case studies to bring this to life: Nigeria & Egypt, Vietnam, Europe & LatAm
• The global cycle today, and why we see it as a constructive setup for FM across asset classes
We hope you join to see why we believe Frontier Markets could merit a strategic allocation across both Fixed Income and Equities in today’s global backdrop.
The content is provided for informational purposes only and should not be used as the basis for any decision to purchase or redeem investments in any Ashmore fund. Not to be shown or distributed to the public. Investors should consider certain risk factors specific to investing in Emerging Markets (EM), before taking any investment decision. EM Carry risks as well as rewards. Capital at risk.
Speaker biographies
Gustavo Medeiros
Gustavo is responsible for following macroeconomic and political developments across developed economies and emerging markets. He is responsible for providing a review and forward-looking views of macro top-down developments on a weekly basis to the Investment Committee and, where required, works with the investment teams to translate these views in actionable investment ideas.
Before joining Ashmore, Gustavo worked for ten years at HSBC in São Paulo and London, where he traded Latin American local rates and currencies. After joining Ashmore in 2011, Gustavo worked for six years with the local currency team covering Latin America before joining the sovereign external debt team as portfolio manager responsible for Eastern European and African markets.
Gustavo was appointed to Deputy Head of Research in October 2019 and became Head of Research in October 2021. He holds a degree in Business Administration from Fundação Armando Alvares Penteado in São Paulo and is a CFA charterholder.
Andrew Brudenell
Andrew Brudenell, Portfolio Manager Global Frontier and Head of Frontier Markets investment team, joined Ashmore in December 2015. Prior to joining Ashmore, Andrew was head of the Global Frontier Equity Strategy, and Lead Portfolio Manager at HSBC Global Asset Management. He has been in the investment industry since 1997 and has over nine years of investing experience in Frontier Markets. Prior to joining HSBC, he worked as a US Fund Manager at Scudder Investments and as an Asia Pacific Equities Analyst and Global Equities Portfolio Manager at Deutsche Asset Management. He holds an MSc from the London School of Economics and is a CFA charter holder.
Cemil Urganci
Cemil Urganci, Head of Local Currency and a member of the Fixed Income and Asset Allocation Investment Committee. Cemil joined Ashmore in 2006 after 8 years at HSBC. Cemil has experience in Emerging Markets trading and market making, including local currency and external debt, interest rate and currency derivatives. He started his career at HSBC Bank AS Istanbul/Turkey in 1997 and worked in HSBC Bank London between 2004 and 2006. Cemil has a BSc degree in Industrial Engineering from Bogazici University.