LONDON (SHARECAST) - Assets under management at fund manager Ashmore picked up sharply in the July - September quarter, largely on the back of a positive investment performance.
The quarter saw assets under management increase 6.8% to $68.0bn, driven by positive investment performance of $3.7bn and net inflows of $0.6bn.
The principal net inflows were within the blended debt and local currency themes, with the largest inflows from further Asian and Middle East government related sources in line with recent experience. Net outflows were experienced in the multi-strategy, external debt, equities, and corporate debt themes.
Investment performance was positive across all investment themes.