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 [...]
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 [...]
Ashmore: Billions pulled from fund manager as risk appetite remains ‘subdued’ Asset management "Investor risk appetite remains subdued and institutional decisions to reduce Emerging Markets exposure continue to drive net outflows," Ashmore said in a trading update.
Ashmore: Billions more pulled from asset manager as emerging markets’ demand sags April 15, 2024 Emerging markets asset manager Ashmore Group reported that customers pulled billions more from their funds at the start of 2024.
Ashmore suffers further outflows as emerging markets improve February 7, 2024 Ashmore, the emerging markets manager, has suffered further outflows despite stronger performance over the last six months.
Ashmore: Emerging markets set for resurgence as interest rate cuts loom January 15, 2024 London-listed asset manager Ashmore said emerging markets could be set for a rebound this year after the prospect of interest rate cuts helped boost its investment performance in the final three months of last year.
Shares in Liontrust and Ashmore fall as money managers grapple with ‘challenging economic environment’ July 14, 2023 Shares in FTSE-250 listed money managers Liontrust and Ashmore slumped on Friday morning after both reported fund outflows over the past three months. Liontrust saw net outflows of £1.6bn in the last quarter as it prepares to acquire GAM Holding. Its assets under management (AuM) stood at £29.5bn at June 30, a decrease of six [...]
Ashmore: AUM flatline as asset manager takes hit from ‘stresses in banking system’ April 17, 2023 Ashmore has said the assets under management were broadly stable in the most recent quarter despite high interest rates and ongoing market turbulence. The London-listed asset manager reported a total increase of funds under management of just one per cent for the quarter ending on March 31 on Monday, to a total of £46.4bn ($57.7bn.) [...]
Asset manager Ashmore suffers due to war, inflation and high rates but looks to improving conditions September 2, 2022 Emerging Markets asset manager the Ashmore Group suffered due war, inflation and higher interest rates, but hopes the next 12 months offers potential for better conditions. The group registered $64bn assets under its management but 13 per cent lower net revenue year-on-year for the year ending 30 June. Its statutory profit before tax declined by [...]
Investment group Ashmore loses $3bn assets as emerging markets struggle October 14, 2021 Assets under management at Ashmore Group dropped by $3.1bn in the third quarter of 2021, the UK-listed company said in an investor update this morning. The news marks a blow for the company, which specialises in emerging markets, as just last month the firm saw its assets under management swell to almost $95bn over the [...]