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
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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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