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Annual Results

Ashmore AuM up 12%

07 September 2017 08:48

Ashmore's assets under management increased by 12% to US$58.7 billion in the year to end of June.

Th group said 91% of AuM outperformed benchmarks over one year, 86% over three years and 87% over five years.

Chief executive Mark Coombs said: "Ashmore has delivered strong investment performance for clients and grown assets under management by 12% over the year through positive market performance and net inflows.

"The Group's business model is delivering as expected, with good operating and financial performance resulting in a 31% increase in diluted EPS.

"There remains substantial absolute and relative value available across the diversified Emerging Markets, and Ashmore's focused strategy means it is in a strong position to continue to deliver superior investment performance and to benefit as investors raise their allocations to Emerging Markets from underweight levels."

At 8:48am: (LON:ASHM) Ashmore Group PLC share price was -22.6p at 342.6p

Story provided by StockMarketWire.com

Related Company: ASHM

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