I am a suffering shareholder at Ashmore #ASHM $ASHM.L

The sentiment around Emerging Markets assets have already started gathering momentum since Liberation Day in April. Plenty of data points on EM ETFs growing, money flows into EM Debt and Equity....

And ofc, Ashmore is mainly dealing with institutional clients, who are "slower" to move money around in allocation. So fair enough, expected May, June (last two months of HY) to not see any benefit.

What was disappointing with today's HY results is the lacklustre Outlook statement. No mention of "inflows" in July and Aug. Silence speaks volumes.

Not long to go, however, till they do their Q1 update (Jul-Sep) at the start of October... maybe they are seeing inflows and waiting till then to announce...