Our Philosophy
At AshmoreEMM, our investment philosophy is based on four main pillars:
- Top-down country allocation
- Bottom-up stock selection based on fundamental value
- The search for information and insight
- A disciplined investment style
Top-down country allocation
Our country allocation is top-down. Proper country allocation helps to identify markets that are trading below their fair value and diversify portfolio risk. AshmoreEMM’s proprietary, quantitative model suggests country targets based on multiple economic and market factors. We then enhance the model’s suggestions with the experienced judgment of our senior investment staff.
The search for information and insight
Research and thinking are "critical." Our portfolio managers and analysts have top-notch financial training, speak the languages of the countries in which we operate and come from all over the world. They spend much of their time "on the ground," visiting companies, interviewing management and collecting a wide range of information on companies, as well as their industries, competitors and customers. We analyze this information with critical thinking. Our goal is to ask better questions, dig deeper, and look beyond obvious or biased sources. We consider new ideas and perspectives, review details that others may have missed or dismissed, investigate competing evidence, and distinguish fact from opinion.
Bottom-up stock selection based on fundamental value
Stock selection is bottom-up and focused on fundamental value and quality. We look for companies that are underrated by the market but that we believe have the "right stuff" to sustain growth or turn around. Our goal is to identify the next generation of world-class companies that have not yet been discovered.
A disciplined investment style
We apply a disciplined investment style. Our horizon is long-term; we don’t believe in chasing the latest investment fads. We are patient when market cycles don't favor our style. Over the years, our team has weathered the ups and downs of emerging and global markets.