Assets under management at Ashmore Group rose by $2.5bn over the most recent quarter, driven by the outperformance of emerging markets and slower net outflows.
In a trading update published today (14 October), the firm reported a 5% uptick in AUM to $51.8bn as at 30 September, up from $49.4bn in the previous quarter. Positive investment performance of $3.2bn offset net outflows of $700m, which had slowed from $2bn in the preceding three months. Ashmore Group suffers $2bn outflows as institutions slash EM exposure The London-based asset manager said the flows improvement was driven by an increase in gross subscriptions from institutional investors across a range of investment themes, as well as reduced redemptions. An increase in inv...
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