Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
It is a big results day for financial sector analysts, as a bunch of US banks will give their quarterly updates. I am sure that I will appraise these results at some level, but I am less excited about them than I used to be. Whilst we all need to have a bank account, access to certain insurance products and, at some level, a pension product, as an investor you do not need to directly own such shares. And that is especially true in the developed world. On that basis, fund managers that focus on the world’s developing and emerging economies should be in a good spot and so Ashmore Group (ASHM) should be in a good place.
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