Ashmore AUM increases 4% as emerging markets recover

Risen to $54.6bn

Ashmore has seen assets under management increase 4% to $54.6bn in the three months to 30 September 2016, as performance and sentiment recovers in emerging markets.

In a trading update for the three-month period, the emerging market specialist said AUM increased from $52.6bn to $54.6bn, and although flows were flat, it was an improvement on the net outflows seen in previous periods. The group said inflows into debt strategies were offset by outflows from equities, leading to flat overall flows. Ashmore revenues and AUM drop despite EM's 'improving trend' Within fixed income, particularly strong asset classes were corporate debt and blended debt, which both saw assets increase by 6% and external debt, which saw a rise of 4%. AUM in equities ...