Ashmore rebounds thanks to emerging market surge Investing Emerging markets-focused investment manager Ashmore saw assets surge over the last three months, turning around a years-long trend of poor performance for the asset manager. Assets under management at the fund house increased by $2.5bn (£1.9bn) over the quarter to 30 September thanks to $3.2bn (£2.4bn) of positive investment performance, with investors only withdrawing $700m [...]
China funds dominate September as London’s AIM slumps Investing China funds dominated performance tables in September following Beijing’s economic pledges, while UK smaller companies funds sagged over rumours that taxes on AIM may rise. The average China fund grew by more than 16 per cent throughout September, with almost all that growth coming in the last week of the month. “The top 44 funds [...]
Ashmore: Mixed results as emerging market withdrawals remain sky-high Investing Emerging markets investment manager Ashmore reported a 12 per cent drop in adjusted profit before tax for the year to 30 June 2024. The group reported an adjusted profit before tax of £105.4m, below expectations of £113m and 2023’s figure of £119.4m. Ashmore has experienced years of withdrawals from investors, and the trend has shown [...]
Meet the fund managers: Investing from Turkey to Abu Dhabi July 22, 2024 In this new weekly series, investment reporter Elliot Gulliver-Needham sits down with a fund manager for a Q&A. This week, we’re hearing from Adnan El-Araby, co-manager of the Barings Emerging EMEA Opportunities fund How does your fund stand out from others in the same market? We are one of the longest tenured teams covering emerging [...]
Ashmore: Billions pulled from fund manager as risk appetite remains ‘subdued’ July 12, 2024 "Investor risk appetite remains subdued and institutional decisions to reduce Emerging Markets exposure continue to drive net outflows," Ashmore said in a trading update.
Meet the fund managers: Finding bonds in emerging markets May 27, 2024 In this weekly series, investment reporter Elliot Gulliver-Needham sits down with a fund manager for a Q&A. This week, we’re hearing from Victoria Harling, head of emerging market corporate debt at Ninety One.