Emerging fund firm Ashmore says flows flat during September quarter



Emerging markets-focused fund manager Ashmore halted outflows and posted a 4 percent rise in assets under management in the September quarter due to investment performance.
Assets under management rose to $54.6 billion (44.77 billion pounds) from $52.6 billion during the first quarter of the firm's financial year, Ashmore said in a statement on Friday.
The firm saw positive investment performance in debt, equities and multi-asset classes, with neutral performance in alternatives and overlay strategy.
The flat flows position was an improvement on previous quarters, which have seen outflows.... read more

 
14 October 2016 in Business, Views: 33
Source: Reuters
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