Specialist emerging markets asset manager Ashmore Group has reported a revenue drop of 18% and average assets under management fell 22% for the year ending 30 June 2016, despite a "recovery" in markets and investor sentiment in the second half of its financial year.
Revenues declined to £232.5m for the period, which the group said was largely as a result of a 21% reduction in net management fees, profits before tax also sunk 8% to £167.5m and adjusted earnings before...
Months of negotiations
PARTNER INSIGHT: Ian Lance and Nick Purves, managers of the TM RWC UK Equity Income Fund, analyse the tug of war between value and growth that is being observed in markets today and why the future for value investing looks bright.
PARTNER INSIGHT: Ian Lance and Nick Purves, portfolio manager of the TM RWC UK Equity Income Fund, discuss the opportunity shift from growth to value after ten years of underperformance.
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Increased by ten percentage points