Ashmore Group saw its assets under management (AUM) grow by $2.8bn in the second quarter of 2017, driven by net inflows of $1.2bn and $1.6bn in performance-related gains.
The emerging market specialist's total AUM rose to $58.7bn between 31 March and 30 June 2017, marking a 5% increase. Ashmore said gross redemptions had fallen quarter-on-quarter, with local currency the only asset class to experience net outflow, which the asset manager attributed to "a large institutional account redemption". Ashmore AUM increases 4% as emerging markets recover However, local currency outflows were tempered by performance related gains, with the asset class growing by 1%. The firm saw the greatest increase in corporate debt assets, which grew by 15% to $6.3bn o...
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