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Lipper
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Zacks Investment Research
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Standard & Poor's
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TheStreet.com
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U.S. News evaluated 22 Multicurrency Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
Performance
The fund has returned 7.79 percent over the past year.
| Trailing Returns | Updated 05.31.2013 |
|---|---|
| Year to date | -1.1% |
| 1 Year | 7.8% |
| 3 Years (Annualized) | N/A |
| 5 Years (Annualized) | N/A |
| 10 Years (Annualized) | N/A |
Summary
The investment seeks to maximize total return. The fund seeks to achieve its objective by investing principally in derivatives and other instruments that mature in less than one year ("short-dated instruments") and provide investment exposure to local currencies of Emerging Market Countries. It may also invest in debt instruments of any maturity issued by Sovereigns and Quasi-Sovereigns and denominated in the local currency of the issuer. The fund normally seeks to maintain a relatively short weighted average portfolio duration of between 0 and 6 months. It is non-diversified.
Fees
Fees are Below Average compared to funds in the same category.
Ashmore Emerging Markets Currency Fund has an expense ratio of 1.15 percent.
Risk
Risk is N/A compared to funds in the same category according to Morningstar.
