Fund manager Ashmore shares hit one-year high on Venezuela news
05/01/2026 10:03
** Shares of emerging markets fund manager Ashmore ASHM.L rise 8% and touch over one-year high ** Ashmore have funds with exposure to Venezuelan bonds, according to fund information documents and regulatory filings ** Venezuela's default-stricken government bonds surged on Monday following the surprise U.S. capture of President Nicolas Maduro. ** "Venezuela and PDVSA (state oil company, Petroleos de Venezuela) bonds have roughly doubled in price since during the course of 2025, but should still see a strong bounce — up to 10 points — at the start of Monday’s session," JPMorgan analysts said in a note to clients. (Reporting by Alun John; Editing by Amanda Cooper) ((alun.john@thomsonreuters.com;))