Ashmore AuM boosted by positive net flows
Assets under management (AUM) at Ashmore Group in the quarter ended December 31st benefited from a positive investment performance.
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.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
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
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Trouble brews in B&M as bargain shops take a hit
Opinion Once a stock market darling, B&M's share price has slumped. What has gone wrong for bargain shops?
-
US and China reach a ceasefire in their trade war after talks in London
The US and China's trading relationship – the most important one in the global economy – is back on track. Will the truce last?