Ashmore jumps on exposure to Venezuelan debt

(Sharecast News) - Emerging markets asset manager Ashmore jumped to the top of the FTSE 250 on Monday due to its exposure to Venezuelan debt, after the US capture over the weekend of leader Nicolas Maduro. In the November 2025 update on its SICAV Emerging Markets Sovereign Debt Fund, Ashmore cited Venezuela as its biggest country exposure, at 7.1% of the fund.

Bonds in Venezuela's state-owned oil company, Petroleos De Venezuela, were cited at the top of its top 10 holding exposure, at 3.4% of the fund.

At 1020 GMT, the shares were up 3.4% at 181p, having earlier risen to as high as 199.70p.