Ashmore Emerging Markets Short Duration Fund plans to launch

By Toni Weeks

San Luis Obispo, Calif., April 8 - Ashmore Funds announced its plans to launch the Ashmore Emerging Markets Short Duration Fund, according to an N-1A filing with the Securities and Exchange Commission.

The non-diversified fund will seek to maximize total return by investing in short-term debt instruments of, and derivative instruments related to sovereign, quasi-sovereign and corporate issuers of emerging market countries. The securities must be denominated exclusively in hard currencies. The fund will seek to maintain a weighted average portfolio duration of one to three years.

Mark Coombs, Ricardo Xavier, Herbert Saller and Robin Forrest comprise the portfolio management team.

The fund will offer class A, class C and institutional class shares. The ticker symbols have not yet been determined.

Class A shares will incur a maximum sales load of 4%. Class A and class C shares will be subject to a maximum deferred sales charge of 1%. Management fees and total annual fund operating expenses were not disclosed in the filing.

London-based Ashmore Investment Management Ltd. is the investment manager.

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