Ashmore outflows mount as AUM drops 8% in Q3 2023

Quarterly trading statement

Ashmore Group’s assets under management continued to decline last quarter, pushed down by both negative investment performance of $1.3bn and net outflows of $2.9bn.

In a quarterly trading statement today (13 October), the firm revealed that its total assets under management declined by 8% in the three months to 30 September, largely driven by a 9% drop in its fixed income assets. Templeton Emerging Markets appoints chair as Paul Manduca steps down External debt AUM dropped from $11bn to $8.9bn, a decline of 19%, while corporate debt fell from $6.5bn to $5.5bn. The firm said last month in its annual results to 30 June that AUM had dropped 23% throughout the last financial year, while revenue declined by 25%. Today, Ashmore said that net ...