Ashmore Group AUM drops by $14.3bn in three months amid losses and outflows

Ashmore Group, the specialist emerging markets asset manager, has seen its assets under management drop 18.3% to $64bn in the three months to June 2022, amid outflows and negative performance. Over the last quarter, the group experienced net outflows of $6.6bn and negative investment performance of $7.7bn, amounting to a total AUM drop of $14.3bn in just three months, according to a trading update.  AUM declined across all themes and asset classes, but net outflows were concentrated in the local currency and blended debt themes.  The firm said that local currency outflows were prim...