Source - SMW
Ashmore Group has hiked its assets under management by 4% to an estimated $54.6bn at Sept. 30, from an actual $52.6bn at June 30.

"Assets under management increased by $2.0 billion during the period, driven solely by positive investment performance. Net flows were flat for the three months," the company said.

"The neutral net flow for the quarter results from small net inflows into the blended debt, local currency, corporate debt and overlay/liquidity themes, offset by equally small net outflows from equities, external debt, and multi-asset. 

"Flows were flat in the alternatives theme during the period.

"Positive investment performance was delivered across the liquid asset classes of blended debt, external debt, local currency, corporate debt, equities and multi-asset, reflecting the ongoing rally in Emerging Markets and Ashmore's strong relative performance. 

"Performance was neutral in alternatives and overlay/liquidity."


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Ashmore Group (ASHM)

+4.60p (+1.32%)
delayed 15:32PM