skip to content

Trading statements

Ashmore AUM up

14 July 2017 08:09

Ashmore's assets under management increased by $2.8bn to $58.7bn in the three months to the end of June.

It said this comprised a positive investment performance of $1.6bn and net inflows of $1.2bn.

Ashmore said momentum in gross sales continued across the product range in the quarter and gross redemptions reduced again quarter-on-quarter.

Chief executive Mark Coombs said: "Ashmore has performed well over the past 12 months, delivering a 12% increase in AuM through strong investment performance and net inflows in the past two quarters.

"Emerging markets asset prices have started to reflect the resilient fundamentals of the underlying economies and investor activity levels are responding.

"Looking ahead, there is substantial absolute and relative value still available in emerging markets and investor allocations have much further to run from their significantly underweight levels."

At 8:09am: (LON:ASHM) Ashmore Group PLC share price was -0.35p at 350.45p

Story provided by StockMarketWire.com

Related Company: ASHM

Info Point:

To buy or sell shares call our Dealing Room on 0113 243 6941.

Too much jargon? Our glossary will help make sense of things.

Find out more about our Share Dealing Services.

Client Area Access

» Secure Login

» Not registered yet?

-

Branch Finder

Redmayne-Bentley have High Street branches throughout the UK. Find your nearest branch.