Ashmore Emerging Markets Short Duration Fund gives details pre-launch

By Toni Weeks

San Luis Obispo, Calif., June 20 – Ashmore Funds gave more details about its Ashmore Emerging Markets Short Duration Fund in an N-1A filing with the Securities and Exchange Commission. The fund is expected to launch next week.

The non-diversified fund seeks 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 offers class A, class C and institutional class shares. The ticker symbols are ESFAX, ESFCX and ESFIX, respectively.

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%. Including management fees of 0.65% and taking into account the effects of a fee waiver agreement, total annual fund operating expenses are expected to be 0.95% for class A, 1.7% for class C and 0.67% for institutional class shares.

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

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