Emerging market specialist Ashmore has seen a return to positive flows in the quarter to the end of March, as assets under management jumped 7% to $55.9bn.
The firm saw net inflows of $1.4bn, marking the first positive flows in a number of periods, with overlay/liquidity, local currency, external debt and corporate debt themes seeing new money coming in. Overall, AUM jumped by $3.7bn to $55.9bn over the quarter to 31 March, with $2.3bn of this coming from positive investment performance. Ashmore sees 94% profit rise despite outflows However, the firm acknowledged this was helped by a $800m reclassification of assets from blended debt to external debt following a change in investment guidelines for those assets. Net flows into equi...
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