Ashmore grows AUM by 12% with 'plenty of value still to be captured'

Inflows almost doubled from the previous year

Mike Sheen
clock • 2 min read

Ashmore Group's assets under management grew by 12% to $58.7bn in the 12 months to 30 June 2017, driven by $4.2bn of investment gains from an "early stages" recovery in emerging markets as the group said there is "plenty of value still to be captured".

The group's end of year results also show Ashmore brought in $1.9bn of net inflows as subscriptions almost doubled from the previous year to $14.8bn. Ashmore AUM increases 4% as emerging markets recover Ashmore said in a statement that further gains were on offer to investors as they increase underweight emerging market positions. "The typical investor is underweight emerging markets, with an allocation of less than 10% and in some cases well below 5%, compared with representative benchmark weights of 20%," it said. "This presents a significant medium-term growth opportunity, as...

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