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Understanding sovereign risk

Cate Rocchi discovers why Ashmore Investment is candid about the success of its Russian Debt Portfolio

The multi-award winning Ashmore Russian Debt Portfolio is up a staggering 1038% over three years. However, its annualised return since launch in October 1996 is a little more modest, +18.45%.


But the recent performance has been so good that London-based Ashmore Investment Management is a little shy about it. Candidly, Ashmore's head of research, Jerome Booth, confides he tends to promote other

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