v3.25.4
Investment Risks - Ashmore Emerging Markets Small-Cap Equity Fund
Oct. 31, 2025
Emerging Markets Risk [Member]  
Prospectus [Line Items]  
Risk [Text Block]
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Emerging Markets Risk: Compared to foreign developed markets, investing in emerging markets may involve heightened volatility, greater political, regulatory, legal and economic uncertainties, less liquidity, dependence on particular commodities or international aid, high levels of inflation, greater custody risk, and certain special risks associated with smaller companies;
Foreign Investment Risk [Member]  
Prospectus [Line Items]  
Risk [Text Block]
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Foreign Investment Risk: Investments in foreign (non‑U.S.) issuers, directly or through use of depositary receipts, may be negatively affected by adverse political, regulatory, economic, market or other developments affecting issuers located in foreign countries, currency exchange rates or regulations, or foreign withholding or other taxes, and investing in foreign securities may result in the Fund experiencing more rapid and extreme changes in value than a fund that invests exclusively in securities of U.S. issuers;
Financial Services Risk [Member]  
Prospectus [Line Items]  
Risk [Text Block]
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Financial Services Risk: Investments in issuers in the financial services sector are subject to various risks affecting financial services companies and the financial services sector generally. The values of investments in the financial services sector are particularly sensitive to changes in economic conditions, such as recessions and fluctuations in interest rates. Financial services companies may be exposed to leverage, which could magnify investment losses under adverse market conditions. Investments in the financial services sector are also subject to the risk that unexpected market, economic, political, regulatory or other events might lead to a decline in the value of most or all companies in the financial services sector. In addition, the financial services sector of emerging markets can be considered riskier than the U.S. financial services sector;
Focused Investment Risk [Member]  
Prospectus [Line Items]  
Risk [Text Block]
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Focused Investment Risk: Focusing a fund’s investments in a limited number of issuers, sectors or industries increases risk and the volatility of the value of a fund’s shares. The Fund may be particularly susceptible to economic, political, regulatory or other events affecting the issuers, sectors or industries to the extent it focuses its investments;
Geographic Focus Risk [Member]  
Prospectus [Line Items]  
Risk [Text Block]
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Geographic Focus Risk: The Fund may be particularly susceptible to economic, political or regulatory events affecting particular countries or regions to the extent the Fund focuses its investments in such countries or regions;
Convertible Securities Risk [Member]  
Prospectus [Line Items]  
Risk [Text Block]
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Convertible Securities Risk: Securities that are convertible into preferred or common stocks are subject to the risks of both debt and equity securities and the risk of changing in value at a different rate than the underlying stocks. Convertible securities are subject to greater levels of credit and liquidity risk, may be speculative and may decline in value due to changes in interest rates or an issuer’s or counterparty’s deterioration or default;
Counterparty and Third Party Risk [Member]  
Prospectus [Line Items]  
Risk [Text Block]
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Counterparty and Third Party Risk: Transactions involving a counterparty to a derivative contract, repurchase agreement, reverse repurchase agreement, or other financial instrument, or to a third party responsible for servicing the instrument, are subject to the credit risk of the counterparty or third party, and to the counterparty’s or third party’s ability to perform in accordance with the terms of the transaction;
Credit Risk [Member]  
Prospectus [Line Items]  
Risk [Text Block]
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Credit Risk: The Fund could lose money if the issuer or counterparty is unable or unwilling to meet its financial obligations, and the lack of ability, or perceived lack of ability, of the issuer to make timely payments of interest and/or principal will negatively affect the value of the security or instrument;
Currency Management Strategies Risk [Member]  
Prospectus [Line Items]  
Risk [Text Block]
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Currency Management Strategies Risk: Currency management strategies, including the use of forward currency contracts and other derivatives, may substantially change the Fund’s exposure to currencies and currency exchange rates and could result in losses to the Fund if currencies do not perform as the Investment Manager anticipates;
Currency Risk [Member]  
Prospectus [Line Items]  
Risk [Text Block]
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Currency Risk: Foreign (non‑U.S.) currencies may decline in value relative to the U.S. dollar and adversely affect the value of the Fund’s investments in foreign currencies, securities denominated in foreign currencies or derivatives that provide exposure to foreign currencies;
Derivatives Risks [Member]  
Prospectus [Line Items]  
Risk [Text Block]
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Derivatives Risk: Investing in derivative instruments may be considered risky and involves correlation, documentation, interest rate, leverage, liquidity, market, management, interest rate and valuation risks and the risk of losing more than the principal amount invested;
Inflation Deflation Risk [Member]  
Prospectus [Line Items]  
Risk [Text Block]
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Inflation/Deflation Risk: The value of the Fund’s investments may decline as inflation reduces the value of money; conversely, if deflation reduces prices throughout the economy there may be an adverse effect on the creditworthiness of issuers in whose securities the Fund invests and an increase in the likelihood of issuer defaults;
Interest Rate Risk [Member]  
Prospectus [Line Items]  
Risk [Text Block]
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Interest Rate Risk: Debt and other securities and instruments may decline in value due to changes in interest rates, the extended duration of principal payments at below-market interest rates, and/or prepayment. The value of most fixed income securities will generally decline in response to increases in interest rates;
Investments in Pooled Vehicles Risk [Member]  
Prospectus [Line Items]  
Risk [Text Block]
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Investments in Pooled Vehicles Risk: Investing in another investment company or pooled vehicle subjects the Fund to that company’s risks, and, in general, to a pro rata portion of that company’s fees and expenses in addition to fees and expenses charged by the Fund;
IPO Risk [Member]  
Prospectus [Line Items]  
Risk [Text Block]
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IPO Risk: Securities offered in initial public offerings (IPOs) are subject to many of the same risks of investing in small companies and often to a heightened degree, their values may be highly volatile, they have no trading history and information about the issuer may have been available for only limited periods;
Issuer Risk [Member]  
Prospectus [Line Items]  
Risk [Text Block]
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Issuer Risk: The value of a security or instrument may decline for reasons directly related to the issuer, such as management performance, financial leverage and reduced demand for the issuer’s goods or services;
Large Shareholder Risk [Member]  
Prospectus [Line Items]  
Risk [Text Block]
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Large Shareholder Risk: Certain account holders may from time to time own or control a significant percentage of the Fund’s shares. The Fund is subject to the risk that a redemption by large shareholders of all or a portion of
 
their fund shares or a purchase of fund shares in large amounts and/or on a frequent basis, including as a result of asset allocation decisions made by the program sponsor, will adversely affect the Fund’s performance if it is forced to sell portfolio securities or invest cash when the adviser would not otherwise choose to do so.
Leverage Risk [Member]  
Prospectus [Line Items]  
Risk [Text Block]
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Leverage Risk: Use of leverage, including through borrowings, derivatives and reverse repurchase agreements, will increase volatility of the Fund’s investment portfolio and magnify the Fund’s investment losses or gains;
Liquidity Risk [Member]  
Prospectus [Line Items]  
Risk [Text Block]
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Liquidity Risk: Illiquid securities and other instruments may be highly volatile, difficult to value, and difficult to sell or close out at favorable prices or times;
Management Risk [Member]  
Prospectus [Line Items]  
Risk [Text Block]
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Management Risk: The Fund’s investment return depends on the ability of the Investment Manager to manage the Fund’s portfolio successfully; there is a risk that the Investment Manager may be incorrect in its analysis of economic trends, currencies, countries, industries, companies, and the relative attractiveness of asset classes or other matters;
Market Risks [Member]  
Prospectus [Line Items]  
Risk [Text Block]
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Market Risk: The value of securities and instruments owned by the Fund may rise and fall, sometimes rapidly or unpredictably, due to factors affecting securities markets generally or particular industries or geographic areas, including terrorism, war, natural disasters and the spread of infectious disease including epidemics or pandemics;
Over the Counter Risk [Member]  
Prospectus [Line Items]  
Risk [Text Block]
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Over‑the‑Counter Risk: Securities and derivatives traded in over‑the‑counter markets may trade less frequently and in limited volumes and thus exhibit more volatility and liquidity risk, and the prices paid by the Fund in over‑the‑counter transactions may include an undisclosed dealer markup;
Portfolio Turnover Risk [Member]  
Prospectus [Line Items]  
Risk [Text Block]
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Portfolio Turnover Risk: If the Fund frequently trades its securities, this will increase transaction costs, may result in taxable capital gains, and may reduce the Fund’s investment performance;
Small and Mid Sized Companies Risk [Member]  
Prospectus [Line Items]  
Risk [Text Block]
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Small and Mid‑Sized Companies Risk: Investments in securities issued by small and mid‑sized companies tend to be more vulnerable to adverse developments than larger companies, and may present increased volatility and liquidity risk; and
Valuation Risk [Member]  
Prospectus [Line Items]  
Risk [Text Block]
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Valuation Risk: Certain securities and instruments may be difficult to value, and to the extent the Fund sells a security or instrument at a price lower than that used to value the security, its net asset value will be adversely affected.
Equity Securities Risk [Member]  
Prospectus [Line Items]  
Risk [Text Block]
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Equity Securities Risk: Equity securities may react more strongly to changes in an issuer’s financial condition or prospects than other securities of the same issuer;
Risk Lose Money [Member]  
Prospectus [Line Items]  
Risk [Text Block] It is possible to lose money on an investment in the Fund.
Risk Not Insured Depository Institution [Member]  
Prospectus [Line Items]  
Risk [Text Block]
An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.