Ashmore rebounds thanks to emerging market surge Investing Emerging markets-focused investment manager Ashmore saw assets surge over the last three months, turning around a years-long trend of poor performance for the asset manager. Assets under management at the fund house increased by $2.5bn (£1.9bn) over the quarter to 30 September thanks to $3.2bn (£2.4bn) of positive investment performance, with investors only withdrawing $700m [...]
Ashmore: Mixed results as emerging market withdrawals remain sky-high Investing Emerging markets investment manager Ashmore reported a 12 per cent drop in adjusted profit before tax for the year to 30 June 2024. The group reported an adjusted profit before tax of £105.4m, below expectations of £113m and 2023’s figure of £119.4m. Ashmore has experienced years of withdrawals from investors, and the trend has shown [...]