Hi all, I guest wrote an article for my friend Olivier while he is enjoying a sunny August in Barcelona. I dig into UK fund manager Ashmore Plc, who specialise in EM debt and have seen their share price crater in recent years. Despite this, the company maintains excellent cash generation, a pristine balance sheet and an 8.5% dividend. I believe it can see huge upside this decade as its style comes back into favour.
Commented on Emerging Value - loved it.