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Strong quarter for Ashmore with $5bn of net inflows

By BFN News | 07:22 AM | Tuesday 16 April, 2019

Emerging markets asset manager Ashmore said assets under management increased by 11.2% to $76.7bn in the first three months of 2019. It also saw net inflows of $5bn and positive investment performance of $3.6bn. Chief executive Mark Coombs said: 'Client activity levels picked up through the quarter following a slight pause at the end of 2018. 'This reflects a number of ongoing positive factors including investors' light positioning in emerging markets, the significant value available across a diverse range of investment themes, and slowing growth and political challenges in the developed world. 'The increasing diversity of Ashmore's product range enables flows to be captured at different points in the cycle. These factors, together with the delivery of strong performance across the investment themes, mean Ashmore is well-positioned for continued growth. Corporate debt saw the biggest increase in assets under management in the three-month period, up 30.6% to $10.8bn. Absolute performance levels were highest in the blended debt and external debt themes. Story provided by

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