Ashmore Group is planning to extend its range of alternatives funds with Latin America, Middle East and Asia products, the firm said today in its half-year results to the end of December.
The emerging markets specialist firm is also looking to boost its assets under management in its equities arm from the current level of 6% following the appointments of several senior London-based investment professionals in 2017. Ashmore's intermediary retail AUM increased by 20% to $8.1bn in the second half of 2017 largely due to net inflows of $1.1bn - the equivalent to the total retail net flows seen in the whole of 2016. Retail investors currently make up 12% of the group's client base with the remainder institutional investors and segregated mandates. Ashmore sees net inflows of...
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