Ashmore sees AUM decline by $11.3bn

Natalie Kenway

Ashmore Group saw assets under management decline by 15% during the last six months of 2014, as negative investment performance and investors' adversity to emerging markets weighed on the company.

AUM dropped $11.3bn (£7.3bn) to $63.7bn, impacted by $4.5bn in outflows and $6.2bn lost due to negative investment performance. Mark Coombs, CEO of Ashmore said: ""Sentiment towards the emerging markets...

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