Shares in investment manager Ashmore Group have jumped more than 8% after the company released strong full year results this morning.
The specialist emerging markets asset manager announced a 22% increase in assets under management in the year ending 30 June, up to $77.4bn (£49.3bn). It also reported a huge jump in net inflows, up from $1.3bn to $13.4bn, alongside a strong investment performance for its funds. Meanwhile profits also rose from £243m to £257m. The FTSE 250-listed group saw shares surge as a result, up 8.3% to 393p by mid-morning. The group topped the index's risers, with the wider FTSE-250 up just 1.2%. Other financials were also among the strongest performers on the FTSE 100 index, with Royal B...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
