Reuters logo
Ashmore Group Q3 assets boosted by market gains, net inflows
April 18, 2017 / 6:11 AM / in 7 months

Ashmore Group Q3 assets boosted by market gains, net inflows

LONDON, April 18 (Reuters) - Emerging markets-focused asset manager Ashmore Group said on Tuesday that assets under management rose 7 percent in its third quarter to the end of March, boosted by market gains and net inflows.

The firm said total assets at the end of the period were $55.9 billion, up 7 percent on the prior quarter, after a $2.3 billion uplift from positive market movements and after clients added a net $1.4 billion in new capital to its funds.

The group said clients had added more money to its overlay/liquidity, local currency, external debt and corporate debt strategies, while flows into equities and alternatives were flat. (Reporting by Simon Jessop, editing by Maiya Keidan)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below