Assets under management (AUM) at Ashmore Group in the quarter ended December 31st benefited from a positive investment performance.
The specialist emerging markets asset manager said AUM during the quarter rose 4.4% to $71b versus $68b at September 30th. The improvement was due mostly to a positive investment performance of $2bn and net inflows of $1bn.
The strongest net inflows were experienced in the local currency, blended debt themes together with corporate debt, Ashmore explained.
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Investment performance was positive in all themes except alternatives, and with the strongest gains achieved in blended debt, local currency and external debt mandates, it added.
Ashmore will announce its interim results in respect of the six months ended December 31st 2012 on February 21st 2013.
CJ
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