Ashmore says c.banks up emerging debt buys

"Central bank clients of British fund manager Ashmore are raising their exposure to emerging market debt and favouring local-currency bonds to diversify out of their U.S. dollar holdings, said a member of its investing committee on Wednesday. "We manage increasing amounts of money from central banks that are seeking to increase their exposure to emerging markets and we have had conversations with at least 50 institutions that include central banks and governments," Jerome Booth, head of research at Ashmore Investment Management, told Reuters."