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Ashmore dissects emerging market exodus

Hugo Cox
Hedge funds, urged by banks to buy big into EM debt ahead of Japanese institutions, were left high and dry, says the UK fund house's co-head of research.
Ashmore dissects emerging market exodus

Hedge funds were the biggest sellers in the exodus from emerging market debt this summer, after expected Japanese investor flows into the asset class never materialised, according to EM-focused fund house Ashmore.

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