LONDON (ShareCast) - (Sharecast News) - Asset manager Ashmore said on Monday that assets under management increased by $1.4bn over the three months ended 30 June, made up of a positive investment performance of $2.2bn and net outflows of $800.0m.
Ashmore said net flows improved from Q3, with "significantly lower" redemptions, against a backdrop of "continuing trade tensions and geopolitical uncertainty", while subscription levels were consistent.

Fixed income AuM was up 2% quarter-on-quarter at $38.5bn, equities AuM increased by 10% to $7.5bn, and total AuM rose 3% to $47.6bn.

However, the FTSE 250-listed group also cautioned that investors' risk appetite "generally remained subdued", given macro events.

Chief executive Mark Coombs said: "Ashmore's diversified product range and delivery of investment outperformance for clients means it is well-positioned to participate in the reallocation opportunity, as investors move back up to target weights and then address the structural underweights compared with EM's representation in global indices."







Reporting by Iain Gilbert at Sharecast.com

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