Ashmore sees rise in assets under management - Update

Assets under management (AUM) at fund manager Ashmore picked up sharply in its first quarter, largely on the back of a positive investment performance.

Assets under management (AUM) at fund manager Ashmore picked up sharply in its first quarter, largely on the back of a positive investment performance.

The July - September quarter AUM increase 6.8% to $68bn, driven by positive investment performance of $3.7bn and net inflows of $0.6bn.

The principal net inflows were in the areas of blended debt and local currency, which rose 14.5% and 14% respectively when compared to the previous quarter.

Ashmore said this had been driven by investment from Asian and Middle East government sources.

Net outflows were experienced in the multi-strategy, external debt, equities, and corporate debt themes.

Multi-strategy and corporate debt fared the worst, showing outflows of 7.1% and 4.2% respectively.

The firm said investment performance was "positive across all investment themes".

JH / MM

Recommended

The ten highest dividend yields in the FTSE 100
Income investing

The ten highest dividend yields in the FTSE 100

Rupert Hargreaves takes a look at the companies with the highest dividend yields in the UK’s blue-chip index
6 Feb 2023
The outlook for Shell shares is mixed, despite bumper profits
Energy stocks

The outlook for Shell shares is mixed, despite bumper profits

With profits surging, it looks as if Shell is on a roll, but the company’s growth from here is hard to see as Rupert Hargreaves explains.
6 Feb 2023
The top funds to invest in
Funds

The top funds to invest in

As market volatility and recessionary fears continue, here are the most popular funds, stocks and trusts investors are putting their money into accord…
2 Feb 2023
The top ten dividend stocks in the FTSE 250
Share tips

The top ten dividend stocks in the FTSE 250

The average FTSE 250 dividend yield is around 4%, but many stocks yield much more. Rupert Hargreaves picks the best FTSE 250 stocks for income investo…
17 Jan 2023

Most Popular

Share tips of the week – 3 February 2023
Investments

Share tips of the week – 3 February 2023

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages
3 Feb 2023
The best one-year fixed savings accounts - February 2023
Savings

The best one-year fixed savings accounts - February 2023

Earn almost 5% on one-year fixed savings accounts.
6 Feb 2023
Will energy prices go down in 2023?
Personal finance

Will energy prices go down in 2023?

Wholesale gas prices are on a downward trajectory, but does this mean lower energy bills later this year?
6 Feb 2023