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Ashmore assets leap to £22.8m

By Daily Mail Reporter
Updated: 03:59 EDT, 15 September 2010

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Fund manager Ashmore Group (down 4.9p at 314p) saw profits jump thanks to continued growth in the world's emerging economic powerhouses.

Assets under management were up 42% to £22.8m compared with a year earlier and full year pre-tax profits rose 15% to £281.4m on revenues of £217.2m. the company, which increased its full-year dividend 8.3% to 13p, works primarily in emerging markets through local currency, distressed debt and private equity funds.

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