Ashmore Group AUM drops $3.1bn in just three months

Company vulnerable to potential Evergrande default

clock • 1 min read
Ashmore held significant assets in China

Ashmore held significant assets in China

Ashmore Group, the specialist emerging markets asset manager, has seen its assets under management (AUM) drop from $94.4bn to $91.3bn since 30 June 2021.

Assets such as local currency, blended debt, and fixed income all saw 4% drops, with corporate debt decreasing by 8.8%. The company said that the drop comprised of $1bn of net outflows and $2.1bn of negative...

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