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Funds News

BRIEF-Ashmore Says Q1 market boost more than offsets net outflows

Oct 14 (Reuters) - Ashmore Group PLC:

* GROUP PLC - TRADING STATEMENT

* TOTAL AUM $ 85.5 BILLION AS AT SEPT END

* SAYS ASSETS UNDER MANAGEMENT INCREASED BY US$1.9 BILLION OVER PERIOD

* SAYS POSITIVE INVESTMENT PERFORMANCE OF US$2.7 BILLION AND NET OUTFLOWS OF US$0.8 BILLION

* POSITIVE TRENDS EVIDENT IN QUARTER TO JUNE WERE SUSTAINED IN THIS PERIOD

* ASHMORE’S ACTIVE INVESTMENT PROCESSES GENERATED STRONG OUTPERFORMANCE

* SAYS REFLECTS DIVERSIFIED GROSS SALES AND A FURTHER DECLINE IN REDEMPTIONS

* SAYS OVERLAY / LIQUIDITY AND EQUITIES THEMES DELIVERED NET INFLOWS; NET OUTFLOWS WERE PRIMARILY IN BLENDED DEBT THEME AND TO A LESSER EXTENT EXTERNAL DEBT, LOCAL CURRENCY AND CORPORATE DEBT THEMES

* ATTRACTIVE VALUATIONS ACROSS EQUITIES AND FIXED INCOME IN EMERGING MARKETS UNDERPIN RETURNS

* SAYS DELIVERED BROAD-BASED POSITIVE INVESTMENT PERFORMANCE OVER THREE MONTHS IN FIXED INCOME AND EQUITIES THEMES Source text for Eikon: Further company coverage: (Reporting By Simon Jessop)

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