Ashmore Draws $1.3 Billion Inflows as AUM Climbs 7% to $54 Billion
Updated
Updated · Bloomberg · Jul 14
Ashmore Draws $1.3 Billion Inflows as AUM Climbs 7% to $54 Billion
1 articles · Updated · Bloomberg · Jul 14
Summary
Ashmore posted $1.3 billion of net inflows in the three months through June, reversing $900 million of net outflows in the previous quarter.
AUM rose 7% to an estimated $54 billion, helped by positive investment performance across the emerging-markets-focused manager's funds.
Client demand strengthened as Ashmore's funds held up well during market volatility tied to uncertainty from the war in Iran.
The quarter marks a turnaround for the London-listed manager, suggesting investors are again allocating to emerging-market strategies despite geopolitical turbulence.