XP Inc., a leading, technology-driven financial services platform, and Ashmore Group PLC, a specialist asset manager with over twenty-five years’ experience investing in Emerging Markets, announce a partnership to offer Brazilian investors easy access to actively-managed Emerging Markets equity and credit strategies.
XP recently launched three local feeder funds for qualified individual and institutional investors that invest directly into three Ashmore strategies: Ashmore Emerging Markets Debt Advisory FIC FIM IE CP (BRL hedged), Ashmore Emerging Markets Equity Dólar Advisory FIC FIA IE (unhedged-US) andAshmore Emerging Markets Equity Advisory FIC FIA IE (BRL hedged).
“Emerging Markets will continue to be the dominant drivers of global economic growth with highly attractive returns, particularly when set against the backdrop of persistently low interest rates in the developed world. Ashmore’s strategies, through the XP platform, provide Brazilian investors with the opportunity to diversify their portfolios and to enhance potential investment returns”, stated both companies in a shared statement.
Leon Goldberg, partner at XP said: “Through this partnership with Ashmore, XP is pleased to offer the first emerging markets strategies on its platform, easily accessible by clients through local funds. The choice of Ashmore, a global top-tier manager, as a partner reinforces our sense of continuous evolution and the search for international partnerships that support the idea of intelligent international portfolio diversification considering the excessively domestic bias still seen in investments in Brazil.”
George Grunebaum, Ashmore’s Head of Distribution for Latin America commented: “Ashmore is honoured to partner with XP to provide Brazilian investors with access to the attractive growth and return opportunities available across the Emerging Markets. Ashmore looks forward to sharing its specialist focus, active management philosophy and deep experience of investing in the Emerging Markets with XP in order to diversify and enhance its clients’ long-term investment returns.”
Ashmore is a specialist asset manager focused on Emerging Markets, with 83.6 billion dollars under management (as at 30 June 2020), and has a proven active management approach that has been tailored over more than two decades to deliver investment performance for clients. XP has outstanding distribution capabilities, coupled with educational engagement that guides investors in intelligent diversification that makes sense in the current domestic and international environment.
