Ashmore has seen its assets under management increase by $1.9bn during the first quarter of 2016 thanks to a turn in sentiment towards emerging markets.
The emerging markets specialist said $3bn was contributed by positive investment performance, but net outflows of $1.1bn detracted from the increase. Total assets under management are now estimated to be $51.3bn, up from $49.4bn at the end of December 2015. Ashmore said investment performance was particularly strong in local currency investments, as emerging market currencies strengthened against the US dollar. Corporate debt, multi-asset and overlay/liquidity strategies also delivered positive performance over the quarter, but equities experienced negative performance. HSBC Gl...
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