... as EM giant expands into Nordics

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Ashmore Group has announced it has entered into a partnership with platfrom provider MFEX Mutual Fund Exchange to expand access to its emerging market fund range across Europe.

The agreement with the Nordic platform, which is headquartered in Sweden, means Ashmore's Luxembourg-domiciled SICAV fund range will now be made available to fund investors in Finland, Norway and Sweden as well as Austria, Belgium, France, the Netherlands and Switzerland.

Christoph Hofmann, global head of distribution for Ashmore, said: 'This agreement expands our distribution footprint in the Scandinavian market and builds on Ashmore’s third party distribution initiatives.'

The emerging market specialist's SICAV range offers investors access to 16 funds across both emerging market equities and bonds.

Among the funds included in the firm's SICAV range are: Ashmore SICAV Emerging Markets Local Currency Bond, Ashmore SICAV Emerging Markets Debt, Ashmore SICAV Emerging Markets Total Return and Ashmore SICAV Emerging Markets Equity Select.

A total of 470 fund companies from 20 countries have elected to distribute their mutual funds through MFEX platforms with the UK-based emerging market specialist, who runs $68 billion in assets, being the latest addition to its clientele list.