Ashmore assets under management tumble by $9bn over quarter

Lauren Mason
clock • 2 min read

Emerging market fund management specialist Ashmore suffered a $9bn fall in its assets under management over the last three months to the end of March, according to its latest Q3 AUM statement. Negative investment performance and net outflows accounted for respective falls of $5bn and $3.7bn. In terms of sector, capital in corporate debt vehicles shrunk by 15.8%, blended debt funds lost 14.9% of assets, and both external debt and fixed income portfolios each fell in AUM by 11.1%. Investor capital in local currency and equity funds reduced by a respective 6.6% and 7.5%, although the fir...

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