LONDON (dpa-AFX) - British investment manager Ashmore Group plc (ASHM.L) reported that its Assets Under Management for the third quarter declined about 5 percent to $46.2 billion from $48.8 billion in the second quarter. The latest period Assets Under Management comprise of positive investment performance of $1.3 billion and net outflows of $3.9 billion.
The company noted that Emerging Markets performed well over the three months to 31 March with the main indices returning between +2% and +4%. The performance was underpinned by economic resilience in emerging economies, positive developments in China's technology sector, and currency movements including a weak US dollar and a stronger euro.
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