Ashmore Group committed to fund despite hit from Lebanon, Argentina crises
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LONDON (Reuters) - Emerging markets investment manager Ashmore Group has defended the strategy of its short duration debt fund which has been clobbered by its exposure to two nations in crisis, Lebanon and Argentina.Net returns of the Ashmore SICAV Emerging Markets Short Duration Fund are down 3.0% for the 12 months up to the end of January, lagging the benchmark which has added 6.8%, according to the fund's data.Nearly a quarter of the fund is invested in Argentina and Lebanon debt, with that..