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
-
Why you might not need to worry about a reduced cash ISA allowanceA cut to the cash ISA limit may dismay risk-averse savers, but it’s not necessarily the end of the world for savers
-
How much gold is in the world?Have you ever wondered how much gold is in the world and who holds it? We take a look at the top countries with the most gold reserves.
