Ashmore's AuM recover

Ashmore Group, the fund manager specialising in investments in emerging markets, saw its assets under management (AuM) slide in the second half of 2011 as markets took a dive, though things did improve in the final quarter.

Ashmore Group, the fund manager specialising in investments in emerging markets, saw its assets under management (AuM) slide in the second half of 2011 as markets took a dive, though things did improve in the final quarter.

AuM at the end of 2011 stood at $60.4bn, down $5.4bn (8%) over what is the first half of Ashmore's financial year. The decline was caused by an adverse investment performance, with the value of the portfolios diving by $6.1bn in the six months period, despite a $1.0bn gain in the firm's second quarter.

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